Bharat Petroleum stock falls 1.82 percent as Q1 loss weighs

Published on 09/28/2026 at 10:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bharat Petroleum stock traded at INR 302.90 on NSE on September 28, 2026, after Q1 FY27 revenue rose 23.00 percent year on year. Net loss reached INR 18.73 billion.

BPCL, INE029A01011, Illustration mit AI erstellt.

Bharat Petroleum stock (ISIN INE029A01011) was last at INR 302.90 on the NSE on September 28, 2026, down 1.82 percent from the prior close of INR 308.50. The decline came as oil-sensitive shares faced pressure during a session when crude prices rebounded, according to Upstox.

Q1 revenue rose 23.00 percent

BPCL's latest reported quarter ended June 30, 2026, delivered consolidated revenue of INR 1.595 trillion, up 23.00 percent from INR 1.296 trillion in Q1 FY26, according to Sahi on September 1, 2026.

The revenue increase did not translate into earnings. Consolidated net loss reached INR 18.73 billion in Q1 FY27, reversing a consolidated net profit of INR 68.39 billion in the year-earlier quarter, while refinery throughput declined to 10.15 million metric tonnes from 10.42 million metric tonnes, Sahi reported.

Margin pressure defines the result

The earnings reversal points to a sharp gap between top-line growth and profitability. Sahi attributed the loss to compressed retail fuel marketing margins, making domestic pricing and crude procurement more important for BPCL's near-term earnings than revenue growth alone.

The company also retained a FY27 capital expenditure guidance of INR 250.00 billion, according to Sahi on September 8, 2026. That spending plan keeps the longer-term refining and energy transition agenda intact while current margins remain the immediate earnings variable.

Stock remains below its yearly high

At INR 302.90, BPCL traded 22.66 percent below its 52-week high of INR 391.65 and 13.61 percent above its 52-week low of INR 266.60 on September 28, 2026. The session range was INR 302.25 to INR 308.50, with volume of 1,859,246 shares.

Analyst expectations provide a separate reference point. Investing.com listed a 12-month average target of INR 345.32 from 31 analysts, while its displayed consensus was Neutral, with 16 Buy, 8 Hold and 7 Sell ratings; the average target was dated to the September 2026 consensus page.