Inve India ▾

B P C L share price & results

B P C L· Oil, Gas & Consumable Fuels· Energy

Results to
Sept 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

Maharatna oil PSU: 3 refineries (35.3 MMTPA) and 25,000+ fuel retail outlets across India

Company research is public. Sign in to keep your own companies, notes and cases.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,49,080 ₹ crore+42.1% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin6.0 %−3.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit4,863 ₹ crore−21.5% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity13.85 %+11.4 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin6.91 %+5.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)21.77 %+5.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

3 of 6 judged targets kept · 5 open · verdicts reflect calls analysed to Q4 FY26.

B P C L management guidance track record on Inve: 11 targets tracked across analysed earnings calls (3 achieved, 3 missed, 5 open).

TargetOriginal wordingSaidLatest callVerdict
FY26 Capital ExpenditureINR 20,000 crores
Call transcript, Q4 FY25 · 2 May 2025		Q4 FY25Q4 FY26:Achieved. Incurred capex of INR 20,400 crores for FY26 against a target of INR 20,000 crores.
Call transcript, Q4 FY26 · 20 May 2026		Achieved
Mozambique Project RestartFull restart and force majeure resolution not later than by July 2025
Call transcript, Q4 FY25 · 2 May 2025		Q4 FY25Q4 FY26:Missed. Force majeure was resolved in November 2025, after the original July 2025 deadline. Project is now progressing with first LNG expected mid-2028.
Call transcript, Q4 FY26 · 20 May 2026		Missed
FY27 Capital ExpenditureINR 25,000 crores
Call transcript, Q4 FY25 · 2 May 2025		Q4 FY25Q4 FY26:Guidance firmed up to a hard target of INR 25,000 crores for FY27, reverting to the original target and the high end of the previously diluted range.
Call transcript, Q4 FY26 · 20 May 2026		Revised Up

Source: Inve Guidance Tracker for B P C L · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of B P C L's 11 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 8 more targets are in the full ledger.

Free account: 5 full ledgers a month and one Inve Case. Pro opens 100 a month, ₹499.
See the full record

Price

₹295.6 +1.79% · +₹5.2

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −10.5% 1Y

₹300₹350Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q4 FY26 — 20 May 2026

1Y: ₹330.45 on 24 Oct 2025 → ₹295.6. High ₹388.3 (9 Feb 2026), low ₹271.3 (23 Mar 2026).

Previous close
₹290.4
Market cap
₹1.3L Cr
52-week range
₹271.3 – ₹388.3
One year
−13.82%
Price to earnings (TTM to Sept 2026)
9.14×
Return on equity (TTM to Sept 2026)
13.85%

Overview

Symbol
NSE:BPCL
Industry
Energy
Exchange
NSE
Currency
INR

What B P C L does

Based on the company's own presentations, annual report and earnings calls.

Bharat Petroleum Corporation (BPCL) is a Maharatna public-sector integrated oil company that refines crude oil and markets petroleum products across India. It earns primarily by processing crude at its three refineries and selling fuels and derivatives — petrol, diesel, LPG, aviation fuel, lubricants and petrochemicals — through a nationwide retail and distribution network. BPCL is India's second-largest oil marketing company and also operates in city gas distribution, petrochemicals, upstream exploration and production, and green energy.

Segments

  • Refining
  • Marketing
  • Gas
  • Petrochemicals
  • Upstream (E&P)
  • Green Energy
Refineries
3 refineries (Mumbai, Kochi, Bina), 35.3 MMTPA capacity
Market position
No.2 oil marketing company in India; 3rd-largest refining capacity
Retail outlets
25,323
LPG distributors
6,273
Pipeline network
3,534 km (29 MMTPA design capacity)
Storage & bottling infrastructure
80 retail depots, 57 LPG bottling plants, 5 lube blending plants
Founded 1976Headquarters Bharat Bhavan, Ballard Estate, MumbaiEmployees 9,005 (31 Dec 2025) Company website

How the price took the results

close before → close after

Q4 FY26
+2.5%
20 May

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Your own record

Start an Inve Case for B P C L

Free account: one company. Everything above stays public.

Write why you follow B P C L and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.

What an account adds

Keep reading

Other Oil, Gas & Consumable Fuels companies

All Oil, Gas & Consumable Fuels companies → · Oil, Gas & Consumable Fuels earnings growth →

Learn to analyse B P C L

Guides on how to read this kind of business and the numbers that matter.