The company maintained stable operations across its refining and marketing divisions throughout the year, ensuring uninterrupted fuel supply across India while simultaneously strengthening its nationwide distribution infrastructure. This operational consistency was achieved amid rapid changes in the global energy landscape, reinforcing Bharat Petroleum’s position as a critical energy provider in the country.
For FY26, the company reported substantial financial growth driven by sustained domestic energy demand, disciplined operational execution, and improved efficiencies across business segments. Strategic investments in refining and marketing infrastructure, pipeline connectivity, city gas distribution, and emerging energy sectors further supported long-term expansion. The company also strengthened its presence in high-growth consumption markets while advancing future-ready energy infrastructure.
The financial results highlighted exceptional growth momentum. Standalone Profit After Tax increased by 75.54 percent to INR 23,303 crore in FY26 compared to INR 13,275 crore in FY25. Consolidated Profit After Tax surged by 93.78 percent to INR 25,843 crore compared to INR 13,337 crore in the previous year. Standalone EBITDA rose by 51 percent to INR 40,582 crore from INR 26,735 crore in FY25, reflecting improved operational efficiency and margin expansion.
Operational milestones were equally significant, with the company achieving its highest-ever refinery throughput of 41.15 million metric tonnes in FY26 and total sales reaching a record 55.72 million metric tonnes. The company also demonstrated strong balance sheet discipline, improving its standalone debt-to-equity ratio from 0.29 as of March 31, 2025, to 0.11 as of March 31, 2026.
In the fourth quarter of FY2025-26, refinery throughput stood at 10.40 million metric tonnes with a capacity utilization of 118 percent. Domestic market sales reached 13.86 million metric tonnes, registering a growth of 3.28 percent over 13.42 million metric tonnes in Q4 FY25.
Financial performance for Q4 FY26 showed consolidated revenue from operations at INR 1,34,948 crore compared to INR 1,26,916 crore in Q4 FY25, reflecting a growth of 6.33 percent. Consolidated EBITDA rose by 20.20 percent to INR 10,574 crore from INR 8,797 crore. Consolidated net profit increased by 28.07 percent to INR 5,625 crore from INR 4,392 crore.
On a standalone basis, revenue from operations stood at INR 1,34,896 crore compared to INR 1,26,865 crore, marking a 6.33 percent increase. Standalone EBITDA remained largely stable at INR 6,775 crore compared to INR 6,784 crore in the previous year. Standalone net profit was INR 3,191 crore compared to INR 3,214 crore, reflecting marginal variation.
For the full financial year FY26, refinery throughput reached 41.15 million metric tonnes at a capacity utilization of 117 percent, compared to 40.51 million metric tonnes in FY25. Domestic sales rose to 54.18 million metric tonnes, up 3.40 percent from 52.40 million metric tonnes in the previous year.
FY26 consolidated revenue from operations increased to INR 5,22,820 crore from INR 5,00,517 crore in FY25. Standalone revenue stood at INR 5,22,668 crore compared to INR 5,00,371 crore, reflecting a growth of 4.46 percent. Consolidated EBITDA surged by 57.08 percent to INR 45,601 crore, while standalone EBITDA rose by 51.51 percent to INR 40,582 crore. Consolidated net profit nearly doubled to INR 25,843 crore, while standalone net profit rose sharply to INR 23,303 crore.
Bharat Petroleum Corporation Limited operates three refineries located in Mumbai, Kochi, and Bina, with a combined refining capacity of approximately 35.3 million tonnes per annum. Its extensive marketing network includes more than 25,300 fuel stations, over 1,000 compressed natural gas stations, more than 6,250 liquefied petroleum gas distributorships, 440 lube distributorships, 81 petroleum, oil and lubricants storage locations, 56 LPG bottling plants, 81 aviation service stations, five lube blending plants, and six cross-country pipelines.
The company has also expanded its electric vehicle charging infrastructure to over 6,800 fuel stations, reinforcing its transition toward cleaner mobility solutions. With a long-term vision to become a net zero energy company by 2040 in Scope 1 and Scope 2 emissions, Bharat Petroleum continues to integrate sustainability into its core strategy while investing in environmental and social development initiatives.
With “Energising Lives” as its guiding purpose, Bharat Petroleum Corporation Limited continues to position itself as an integrated energy enterprise focused on innovation, operational excellence, and long-term sustainable growth.
The strong performance in FY26 underscores Bharat Petroleum Corporation Limited’s resilience in a volatile global energy environment, driven by operational efficiency, robust domestic demand, and strategic expansion across the energy value chain.
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