BPCL Q1 Results 2026 LIVE: PSU stock to report earnings today - Here's what brokerages expect from the OMC stock

BPCL Q1 Results 2026 LIVE: Bharat Petroleum Corporation Limited faces a volatile quarter as the company navigates extreme crude oil price swings and a major divergence between refining margins and domestic demand. The board meeting is scheduled for July 22, 2026, to consider the audited financial results and recommend a dividend for FY2026.

Bharat Petroleum Corp. Ltd. is expected to report a steep loss for the June quarter, mainly due to marketing losses incurred after a rise in crude oil prices, freight, and insurance costs caused by the war in West Asia. These higher costs could not be passed on to consumers by way of higher pump prices for fuels, including liquefied petroleum gas.

Brokerage firm Kotak Institutional Equities said adjusted for LPG compensation, BPCL likely to report EBITDA loss of Rs185 bn due to higher crude costs and very high likely losses in petrol and diesel marketing. LPG under-recoveries will increase significantly in Q1.

“We assume BPCL to account for Rs19.0 bn LPG compensation in this quarter. We expect OMCs to have adventitious loss on large inventories procured amid declining prices in second half,” the firm said.

The brokerage firm further said, “We assume (1) reported GRM of US$23/bbl (versus US$4.9/bbl yoy, US$17.8/bbl qoq), (2) crude throughput at 10.3 mmt (down 1.2% yoy, down 1.0% qoq), (3) auto fuel under-recovery of ~Rs270 bn (versus ~Rs66 bn under-recovery qoq, Rs80 bn over-recovery yoy), (4) under-recovery on domestic LPG of Rs64 bn (versus Rs13.4 bn qoq), (5) LPG compensation of Rs19.0 bn and (6) adventitious loss of US$2/bbl in refining and US$2/bbl in marketing.”

BPCL is among India's largest public-sector oil marketing companies with a market capitalisation of over ₹1 lakh crore.

Bharat Petroleum Corporation Ltd. (BPCL) is expected to report a weak June quarter as higher crude oil prices, freight and insurance costs triggered by the war in West Asia squeezed profitability. The company could not fully pass on the increase in input costs through higher retail prices of petrol, diesel and domestic LPG, resulting in significant pressure on its fuel marketing business.

Bharat Petroleum Corporation Ltd. (BPCL) board will meet today, July 22, 2026, to consider the audited FY2026 financial results and recommend a dividend.

Pranati Deva is a seasoned financial journalist with over a decade of experience in high-pressure newsroom environments, currently working as a Senior Sub Editor at LiveMint. Over the years, she has developed a reputation for sharp editorial judgement, a strong grasp of market dynamics, and the ability to translate complex financial developments into clear, engaging stories for a wide audience. <br><br> Her core areas of coverage include stock markets, leading listed companies, currencies, and commodities, with a particular strength in fast-paced, real-time market reporting. She is known for handling breaking market news, earnings-driven stock movements, and macroeconomic developments with speed, accuracy, and context—qualities that are essential in financial journalism. <br><br> Pranati has built a diverse and credible professional track record across some of India’s most respected news organisations, including MintGenie, CNBC-TV18, Business Standard and EconomicTimes.com. During her stints at these platforms, she produced data-driven market stories, curated and steered live blogs during volatile trading sessions, and conducted interviews with market veterans, fund managers, economists, and industry experts. Her work often combines on-ground reporting with analytical depth, helping readers make sense of daily market fluctuations and longer-term trends. An alumnus of the Symbiosis Institute of Media and Communications and Hansraj College, University of Delhi, Pranati brings a strong academic foundation to her journalism. She specialises in real-time financial reporting, with a keen focus on precision, balance, and insight, aiming to decode market movements in a w...