Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended 30th June 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results
Date of Board Meeting / Approval: 22nd July 2026
Audit Opinion: Limited Review Report - No modification, but with Emphasis of Matter and Other Matters.
Auditor’s Comment: The auditors issued an unmodified conclusion but highlighted governance non-compliance and specific accounting treatments for subsidiaries.
Key Financial Highlights [Unit: ₹ Crore]
Standalone Results:
Revenue from Operations: Not explicitly stated in the standalone section.
Net Profit: (3,962.13) for Q1 FY27, compared to 6,123.93 in Q1 FY25 and 3,191.49 in Q4 FY26. This represents a material deterioration.
EPS (Basic and Diluted): (9.27) per share for Q1 FY27, compared to 14.33 in Q1 FY25 and 7.47 in Q4 FY26.
Other Equity: 91,035.79 as of 30.06.2026, down from 95,232.74 as of 31.03.2026.
Debt (excluding lease liabilities): 17,396.42 as of 30.06.2026, up significantly from 10,480.09 as of 31.03.2026.
Net Worth: 91,035.79 as of 30.06.2026, down from 95,232.74 as of 31.03.2026.
Consolidated Results:
Revenue from Operations: 1,59,527.05 for Q1 FY27, compared to 1,29,614.69 in Q1 FY25 and 1,34,947.90 in Q4 FY26.
Total Income: 1,60,776.35 for Q1 FY27.
Net Profit (attributable to owners): (1,872.70) for Q1 FY27, compared to 6,839.02 in Q1 FY25 and 5,624.54 in Q4 FY26.
EPS (Basic and Diluted): (4.38) per share for Q1 FY27, compared to 16.01 in Q1 FY25 and 13.16 in Q4 FY26.
Other Equity: 95,897.68 as of 31.03.2026 (latest provided).
Debt (excluding lease liabilities): 53,774.61 as of 30.06.2026, up from 43,481.91 as of 31.03.2026.
Net Worth: 96,320.83 as of 30.06.2026, down from 1,00,170.26 as of 31.03.2026.
Segment-wise Performance:
The company operates in two segments: Downstream Petroleum and Exploration & Production of Hydrocarbons.
Segment Revenue Q1 FY27:
- Downstream Petroleum: ₹1,59,479.28 Crore
- Exploration & Production: ₹47.77 Crore
Segment Results (Profit/(loss) Before Tax, Other income and Finance costs) Q1 FY27:
- Downstream Petroleum: (₹5,919.53) Crore
- Exploration & Production: ₹2,084.10 Crore
The Downstream Petroleum segment was the primary driver of the overall loss.
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities were announced in this filing.
Other Significant Information:
Reason for Loss (Standalone): The loss is mainly due to suppressed marketing margin on certain petroleum products, partially offset by higher refining margin.
LPG Buffer Account: The Ministry of Petroleum and Natural Gas (MoPNG) mechanism for LPG pricing has resulted in a cumulative net negative buffer of ₹15,803.74 Crore as of 30th June 2026 (₹12,318.52 Crore as on 31st March 2026). This amount has not been recognized in revenue.
LPG Compensation: MoPNG approved a compensation of ₹7,594.00 Crore for under-recoveries on domestic LPG sales. Three instalments aggregating ₹1,898.49 Crore were recognized as revenue in Q1 FY27.
Exceptional Item: An exceptional item (expense) of ₹4,349.13 Crores was recorded for the year ended 31st March 2026 on account of an impairment loss on Investment in a Subsidiary.
Acquisition (BPRL): Bharat PetroResources Limited (BPRL), a wholly-owned subsidiary, through BPRL Ventures BV, acquired the remaining stake in joint venture IBV Brasil Petroleo Limitada (IBV) for ₹2,312 crore. This resulted in IBV becoming an indirect wholly-owned subsidiary. A provisional capital reserve of ₹234.53 crore was recognized due to a gain on bargain purchase. A related Foreign Currency Translation Reserve (FCTR) of ₹1,884.56 Crore was reclassified to the Profit and Loss statement at the consolidated level.
Auditor Review: The audited accounts for the year ended 31st March 2026 are under review by the Comptroller and Auditor General of India under Section 143(6) of the Companies Act, 2013.