Archive · 22 Jul 2026
BPCL Q1 2026 Results: Steep Loss Expected
Bharat Petroleum Corporation Limited (BPCL) is expected to report a big loss for the first three months of 2026.
This is because the price of crude oil, which is used to make fuel, has gone up a lot.
The company also has to pay more for shipping and insurance, partly because of a war in West Asia.
BPCL can't increase the price of fuel at the pump to cover these extra costs.
Experts think the company will lose a lot of money because of this.
They also think the company will have to spend a lot of money to make up for the loss on selling cooking gas (LPG) at a lower price.
The company's board will meet on July 22, 2026, to talk about these results and decide if they will give some money back to the people who own shares in the company.
BPCL is expected to report a steep loss for Q1 2026 due to higher crude costs and marketing losses.
The company faces rising crude oil prices, freight, and insurance costs, with limited ability to pass on costs to consumers.
Brokerages expect an EBITDA loss of Rs185 billion, adjusted for LPG compensation.
Reported GRM is expected to be US$23/bbl, with crude throughput at 10.3 mmt.
Auto fuel under-recovery is estimated at ~Rs270 billion, with LPG under-recovery at Rs64 billion.
- Who
- Bharat Petroleum Corporation Limited (BPCL)
- What
- Expected to report a steep loss for Q1 2026 due to higher crude costs and marketing losses.
- When
- Board meeting on July 22, 2026, to consider financial results.
- Where
- India
- Why
- Due to rising crude oil prices, freight, and insurance costs, with limited ability to pass on costs to consumers.
Brokerage Expectations
Company Challenges
Financial Performance
Brokerage Expectations
Brokerages expect a significant EBITDA loss due to higher crude costs and marketing losses.
Company Challenges
BPCL faces steep losses due to rising crude oil prices, freight, and insurance costs, with limited ability to pass on costs to consumers.
- Company
- Bharat Petroleum Corporation Limited (BPCL)
- Quarter
- Q1 2026
- Board Meeting Date
- July 22, 2026
- Expected EBITDA Loss
- Rs185 billion
- Reported GRM
- US$23/bbl
- Crude Throughput
- 10.3 mmt
- Auto Fuel Under-recovery
- ~Rs270 billion
- LPG Under-recovery
- Rs64 billion
- LPG Compensation
- Rs19.0 billion
- Adventitious Loss
- US$2/bbl in refining and US$2/bbl in marketing