BPCL Q4 results 2026 LIVE: Bharat Petroleum Corporation Limited (BPCL) will report its March quarter results today, 19 May. The results announcement comes amid the sharp surge in global crude oil prices in the last month of Q4FY26.
Ahead of the earnings announcement, oil PSU stock traded in the green. BPCL share price rose almost 3% to the day’s high of ₹289.55 on the BSE.
BPCL Q4 results preview
Brokerages remain mixed on BPCL’s Q4 performance as they assess the impact of sharply elevated crude oil prices in the March quarter earnings.
Emkay Global said that BPCL could post a 9.5% YoY and 33.2% QoQ fall in PAT, while margins could drop by over 200 bps and 400 bps yearly and sequentially, respectively.
“Expect core/ reported GRM of USD16.0/19.0 per bbl; blended marketing margin at Rs2.6/kg vs Rs6.5/kg in Q3, while total sales volumes up 5% YoY at 14.4mmt,” said the brokerage.
Kotak Institutional Equities (KIE), however, sees PAT rising almost 75% YoY but down 25.6% QoQ. Similarly, net sales could grow 27% on a yearly basis and 20% on a quarterly basis.
“While reported GRM will look optically strong, marketing losses will be high on both own refinery productions and on third-party product purchases. With sharply higher prices, LPG under-recoveries should increase despite lower volumes,” said KIE.
“We expect BPCL’s adjusted EBITDA to decline 28% qoq (down 3.2% yoy). While the impact of sharply elevated crude oil prices in March will mostly be seen in 1QFY26, still RM costs will rise on higher oil prices and a weaker Indian rupee,” it added.
Track this space for LIVE updates on BPCL Q4 results 2026.
