Bharat Petroleum stock falls 1.11 percent after Q1 loss

Bharat Petroleum stock (ISIN INE029A01011) was trading at INR 297.15 on the NSE on October 7, 2026, down 1.11 percent from the prior close. The latest earnings picture combines sharply higher revenue with a substantial quarterly loss.

Q1 loss resets earnings

According to The Economic Times on October 1, 2026, BPCL reported a standalone loss of INR 39.62 billion for Q1 FY27, while revenue from operations rose 23 percent year over year to INR 1.59 trillion. Total expenses increased to INR 1.66 trillion from INR 1.22 trillion in the comparable quarter.

Consolidated figures show the same pressure: Q1 FY27 net income was a loss of INR 18.727 billion, compared with net income of INR 56.245 billion in Q4 FY26. The quarterly earnings reversal gives the stock a more demanding near-term setup than the revenue growth rate alone suggests.

Analysts expect a partial recovery

The Q2 preview from ET EnergyWorld on October 6, 2026, put Elara Capital's BPCL Q2 revenue estimate at INR 140,474.4 crore and adjusted net profit estimate at INR 1,291.3 crore. That forecast would represent a recovery from the Q1 loss, but it remains a projection rather than a reported result.

According to Investing.com, the consensus is Neutral from 31 analysts, with 16 Buy, 8 Hold and 7 Sell ratings. The average 12-month target is INR 345.00, with a high of INR 490 and a low of INR 249, placing the average target 16.1 percent above the October 7 price.

The Financial Express reported on October 6, 2026, that Morgan Stanley rates BPCL Overweight and points to the Bina upgrade and Mozambique asset as potential drivers. The same report identifies government fuel-price controls, market-share losses and project delays as risks to that view.

Stock stays below yearly high

BPCL's October 7 price of INR 297.15 stood 24.1 percent below the 52-week high of INR 391.65 and above the 52-week low of INR 266.60. The market capitalization was INR 1.3 trillion, while trading volume had reached 1,313,420 shares at the quoted time.

For investors, the central tension is visible in the numbers: revenue expanded 23 percent year over year, yet the Q1 loss pushed the earnings debate toward refining margins, marketing economics and project execution.

BPCL stock trades at INR 297.15

BPCL stock was last at INR 297.15 on the NSE on October 7, 2026, at 10:16 a.m. IST, with the session change at minus 1.11 percent.

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