Bharat Petroleum Corporation Ltd (BPCL) returned to profitability in the September quarter of FY27, reporting a net profit of Rs 4,993 crore against a net loss of Rs 3,962 crore in the previous quarter. The recovery came as EBITDA rebounded sharply, although revenue declined sequentially.
The company's revenue stood at around Rs 1.58 lakh crore in Q2 FY27, compared with Rs 1.59 lakh crore in Q1 FY27, marking a decline of approximately 1.07%.
BPCL's EBITDA rose to Rs 8,971 crore in the September quarter, reversing an EBITDA loss of Rs 4,078 crore reported in the June quarter. The company's EBITDA margin stood at 6%, recovering from negative territory in the previous quarter.
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The earnings turnaround followed a difficult June quarter, when elevated crude oil prices and pressure on marketing margins weighed on the company's performance. Refining and marketing conditions remain important factors influencing the profitability of oil marketing companies.
Separately, BPCL's consolidated segment-wise results showed downstream petroleum revenue of Rs 1,57,817.93 crore for Q2 FY27, against Rs 1,59,527.05 crore in Q1 FY27.
The downstream petroleum segment reported a result of Rs 7,066.98 crore, compared with a loss of Rs 5,919.53 crore in the previous quarter. Exploration and production of hydrocarbons contributed Rs 143.63 crore, down from Rs 2,084.10 crore sequentially.
The company's consolidated segment-wise statement reported profit before tax of Rs 6,559.80 crore for the September quarter, compared with a loss of Rs 3,215.64 crore in Q1 FY27.
BPCL shares ended lower on Friday, October 23. The stock closed at Rs 281.95 on the NSE, down 1.74% from the previous close of Rs 286.95. It opened at Rs 286 and touched an intraday high of Rs 286.40 before falling to a low of Rs 277.05.
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