BPCL and HPCL report large standalone net losses in June and first quarter FY27

Mumbai: Hindustan Petroleum Corporation Ltd (HPCL) today announced a standalone net loss of ₹11,526.41 crore for the first quarter of the financial year 2026-27 (Q1 FY27), compared to a standalone net profit of ₹4,901.50 crore in the preceding quarter (Q4 FY26).Financial PerformanceThe company's standalone total income for Q1 FY27 stood at ₹1,46,407.30 crore, an increase from ₹1,24,538.40 crore in Q4 FY26 and ₹1,20,657.65 crore in Q1 FY26. Total expenses for the quarter rose to ₹1,63,853.40 crore from ₹1,17,988.56 crore in the previous quarter and ₹1,14,831.76 crore in the year-ago quarter.Hindustan Petroleum Ends Tenure Of Two Independent Directors Effective March 28, 2026 Segment PerformanceStandalone revenue from operations was ₹1,44,530.72 crore for Q1 FY27. This includes ₹1,980 crore recognised as compensation from the Ministry of Petroleum and Natural Gas (MoPNG) for under-recoveries on domestic LPG sales.Key MetricsStandalone earnings per share (EPS) for Q1 FY27 was ₹(54.17), a decrease from ₹23.04 in Q4 FY26 and ₹20.54 in Q1 FY26. Crude thruput for the quarter was 6.52 million metric tonnes (MMT), while market sales stood at 12.24 MMT.Other DisclosuresHPCL's Board of Directors reviewed and approved the unaudited financial results on 22 July 2026. The company disclosed that it currently does not have the required number of independent directors on its Board, as per SEBI Listing Regulations 2015, for the period from 1 April 2026 to 30 June 2026.Disclaimer: This report is based on the company's filed financial results (standalone or consolidated, as applicable) and is intended solely for informational purposes. It does not constitute investment advice or a recommendation to buy, sell or hold any security.

Mumbai: Bharat Petroleum Corporation Ltd (BPCL) reported a standalone net loss of ₹3,962.13 crore for the quarter ended 30 June 2026, the company announced on Friday. This marks a substantial decline from the net profit of ₹6,123.93 crore reported in the quarter ended 30 June 2025.Revenue From OperationsThe company's standalone revenue from operations increased to ₹1,59,479.28 crore for the quarter, up from ₹1,29,577.89 crore in the corresponding period last year. Total income for the quarter stood at ₹1,60,732.72 crore, compared to ₹1,30,326.60 crore in Q1 FY26.Bharat Petroleum Reports 6.3% Revenue Growth In Q4 FY26, Net Profit Slips Marginally Quarterly Performance ComparisonSequentially, the standalone net loss for Q1 FY27 contrasts with a net profit of ₹3,191.49 crore in the preceding quarter ended 31 March 2026. Revenue from operations also saw an increase from ₹1,34,896.40 crore in Q4 FY26.Total ExpensesTotal expenses for the quarter rose to ₹1,66,037.90 crore, up from ₹1,22,170.10 crore in the quarter ended 30 June 2025. This compares to total expenses of ₹1,27,353.05 crore in the quarter ended 31 March 2026.Earnings Per ShareStandalone basic and diluted earnings per share (EPS) for the quarter ended 30 June 2026 was a negative ₹9.27 per share. This is against an EPS of ₹14.33 in the year-ago quarter and ₹7.47 in the preceding quarter.LPG Under-recoveriesThe company cited suppressed marketing margins on certain petroleum products as the main reason for the loss, partially offset by higher refining margins. BPCL reported a cumulative net negative buffer of ₹15,803.74 crore for LPG as of 30 June 2026, impacting revenue recognition. However, ₹1,898.49 crore was recognised as revenue during the period from a government compensation package for LPG under-recoveries.Board CompositionAuditors noted that BPCL did not comply with SEBI Listing Regulations regarding the optimum combination of independent directors and the requirement for a woman director on its board during the quarter.Disclaimer: This report is based on the company's filed financial results (standalone or consolidated, as applicable) and is intended solely for informational purposes. It does not constitute investment advice or a recommendation to buy, sell or hold any security.