BPCL reports 21.45% drop in Q2 FY27 net profit, attributes losses to fuel pricing issues

Mumbai: State-run Bharat Petroleum Corporation (BPCL) on Friday reported a 21.45% decline in its consolidated net profit at around ₹4,863 crore in Q2 FY27 as higher refinery margins were offset by losses from sale of petrol, diesel and liquefied petroleum gas (LPG).

BPCL had reported a profit of ₹6,191.5 crore in the second quarter of the previous fiscal.

Consolidated revenue from operations was up 29.7% at ₹1,57,818 crore against ₹1,21,605 crore.

Read more: RBI governor reiterates listing requirement for top NBFCs as focus intensifies on Tata Sons

Its consolidated total expenses during Q2 FY27 stood at around ₹1.52 lakh crore against ₹1.66 lakh crore in Q1 FY27 and ₹1.15 lakh crore in Q2 FY26.

"The lower profit during April-September 2026 is mainly due to suppressed marketing margin on certain petroleum products which was partially offset by higher refining margin," BPCL said in a regulatory filing.

Read more: Jio IPO breaks 12 records: Rs 4.5 lakh crore bids, highest applications and more

The company's marketing margins were impacted as PSU oil marketing companies have been selling petrol, diesel and LPG below market rates. As on September 30, 2026, BPCL's cumulative under recoveries on LPG stood at ₹17,334.40 crore (March 31, 2026: ₹12,318.52 crore). -Our Bureau
Add as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our ETMarkets WhatsApp channel)