BPCL’s LPG under recoveries stood at ₹15,803.74 crore as of June 30, 2026, compared to ₹12,318.52 crore as of March 31, 2026.
| Photo Credit:
cueapi
State-run Bharat Petroleum Corporation (BPCL) on Wednesday posted a consolidated net loss of around ₹1,873 crore during the West Asia conflict-impacted Q1 FY27 as PSU oil marketing companies (OMCs) largely kept retail prices of diesel, petrol and LPG stable, even as Brent crude prices surpassed the psychological mark of $100 per barrel.In the year-ago period, BPCL had reported a consolidated net profit of ₹6,389 crore. During Q4 FY26, its profits stood at ₹5,625 crore.The PSU OMC’s consolidated total income was higher at around ₹1.61 lakh crore, compared to ₹1.36 lakh crore in Q4 FY26 and ₹1.30 lakh crore in Q1 FY26.Its consolidated total expenses were also higher during the June quarter at ₹1.66 lakh crore against ₹1.28 lakh crore in Q4 FY26 and ₹1.23 lakh crore in Q1 FY26.In its results filing on BSE, BPCL said “The loss during the current quarter is mainly due to suppressed marketing margin on certain petroleum products which was partially offset by higher refining margin.”However, it did not disclose the margins it earned. BPCL’s LPG under recoveries stood at ₹15,803.74 crore as of June 30, 2026, compared to ₹12,318.52 crore as of March 31, 2026.Besides, three equal monthly instalments aggregating to ₹1,898.49 crore were recognised during the reporting period (five equal monthly instalments aggregating to ₹3,164.15 crore was recognised during FY26) under ‘Revenue from Operations’.“BPCL strengthened national energy security by maintaining seamless operations across its refining, marketing, and distribution network. Through a resilient supply chain and disciplined execution, the company ensured uninterrupted availability of petroleum products in urban, industrial, and rural markets,” the OMC said in a statement.BPCL refined product sales stood at 13.62 million tonnes (mt) in Q1 FY27 against 13.86 mt in the year-ago period. Its refinery throughput stood at 10.15 mt against 10.40 mt in Q1 FY26. Capacity utilization stood at 115 per cent.BPCL also informed BSE that due to non-availability of independent directors, it was not able to constitute an Audit Committee at the time of approval of the financial results.In its Independent Auditor’s limited review report, the auditor said that BPCL did not comply with the requirements relating to optimum combination of Independent Directors on its Board throughout the quarter.“Further, owing to non-availability of the requisite number of Independent Directors, the Corporation was not in compliance with the requirements relating to Board composition and constitution of mandatory committees...,” the auditor added.Besides, BPCL did not have a woman director on its board and consequently was not in compliance with SEBI’s Listing Regulations, which also includes optimum combination of board that requires minimum of one women director, the auditor said.Published on July 22, 2026
