Bharat Petroleum Corporation

BPCL reported a strong Q1 FY26 with standalone PAT of ₹6,124 crore and consolidated PAT of ₹6,839 croreCurrent reported value: ₹6,839 crore. No comparable prior figure is available in the source record., driven by robust retail fuel margins due to stable retail selling prices amid lower crude prices. Revenue from operations stood at ₹1,29,578 croreCurrent reported value: ₹1,29,578 crore. No comparable prior figure is available in the source record.. Refinery throughput was 10.42 MMTCurrent 10.42 MMT. Reported change: +118% capacity utilization. at 118% capacity utilization, with a GRM of $4.88/bblCurrent $4.88/bbl. Reported change: -$2.98/bbl YoY. (down from $7.86/bbl YoY) due to lower Russian crude discounts and inventory build-up. Marketing sales grew 3.19% YoY to 13.58 MMTCurrent 13.58 MMT. Reported change: +3.19% YoY.. The company maintained a strong balance sheet with standalone net debt of ₹10,709 crore and a debt-equity ratio of 0.12. Capex guidance for FY26 is ₹20,000 crore, with peak capex of ~₹35,000 crore expected in FY28-29. Key risks include volatility in crude prices and potential margin compression if daily fuel price revisions resume.