Bharat Petroleum Corporation Ltd Q4 FY26 Share Price & Earnings Call Analysis

Financials of Bharat Petroleum Corporation Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Bharat Petroleum Corporation Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +118,115112,985103,044115,499116,555113,095102,785113,166111,230112,551104,946119,029118,701
Expenses +107,03197,20090,104109,300107,600107,46898,268105,710103,494102,87495,185107,343109,067
Operating Profit11,08515,78512,9416,1998,9555,6274,5177,4567,7379,6789,76111,6879,634
OPM %9%14%13%5%8%5%4%7%7%9%9%10%8%
Other Income +5231,0039119194038071,2785481,0611,8401,375687940
Interest1,1481,0711,190920967889923861919758833657705
Depreciation1,6051,6141,6051,8301,7221,6861,7791,8101,9821,8891,9581,9792,031
Profit before tax8,85414,10311,0564,3676,6693,8593,0945,3335,8978,8728,3459,7377,838
Tax %22%25%25%27%28%26%26%29%26%23%26%26%28%
Net Profit +6,87010,6448,2443,1814,7902,8422,2973,8064,3926,8396,1917,1885,625
EPS in Rs15.8424.5319.007.3311.046.555.298.7710.1215.7614.2716.5712.96

Financials of Bharat Petroleum Corporation Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +242,598187,815201,251235,895298,226284,572230,171346,791473,187448,083440,272455,228
Expenses +232,818174,844187,468220,578283,113275,597209,170327,654462,288404,001414,870414,026
Operating Profit9,78012,97113,78315,31715,1128,97521,00119,13710,89944,08225,40141,202
OPM %4%7%7%6%5%3%9%6%2%10%6%9%
Other Income +2,1171,9132,7212,9272,9751,3937,4894,9392,0363,0323,6294,399
Interest1,1806806961,1861,7642,6371,7232,6063,7454,1493,5912,953
Depreciation3,0272,0722,1082,8853,4184,0804,3345,4346,3696,7717,2577,856
Profit before tax7,69012,13213,70014,17412,9053,65222,43216,0372,82136,19418,18234,791
Tax %34%33%31%31%34%-0%23%27%24%26%27%26%
Net Profit +5,0828,0899,5079,7928,5283,66617,32011,6822,13126,85913,33725,843
EPS in Rs11.0818.6420.1020.7617.987.0437.2626.934.9161.9130.7459.57
Dividend Payout %34%25%49%46%48%106%102%29%40%33%32%0%

Financials of Bharat Petroleum Corporation Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital7236561,3111,9671,9671,9672,0932,1292,1292,1364,2734,273
Reserves21,83927,13829,50834,65236,79834,56551,46249,77651,39373,49977,11295,898
Borrowings +25,49223,38835,72537,65944,83965,47654,53264,53469,37654,59961,10154,424
Other Liabilities +38,26835,24142,54146,07853,32248,85252,89171,08965,21072,18475,89894,021
Total Liabilities86,32286,422109,086120,356136,926150,860160,978187,529188,109202,418218,382248,616
Fixed Assets +29,10925,35833,68445,53949,31560,17564,09883,90186,67586,79888,628110,141
CWIP15,78717,45916,8349,87513,65417,75717,03715,43316,24920,20426,38716,394
Investments7,7129,40121,32723,72524,90727,02926,76823,61626,77826,63126,53130,136
Other Assets +33,71434,20337,24141,21749,05045,90053,07564,57858,40668,78576,83791,945
Total Assets86,32286,422109,086120,356136,926150,860160,978187,529188,109202,418218,382248,616

Financials of Bharat Petroleum Corporation Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +20,74211,1199,04111,06810,1577,88123,45520,33612,46635,97023,67850,769
Cash from Investing Activity +-10,536-9,233-15,274-7,066-10,451-11,135-2,474-8,138-7,806-10,554-19,180-26,067
Cash from Financing Activity +-9,792-1,3324,804-4,2182073,583-13,981-17,672-4,402-25,427-6,241-24,940
Net Cash Flow414555-1,429-215-873297,000-5,474257-12-1,743-238
Free Cash Flow9,754947-4173,384-344-4,28914,40311,8483,96026,4258,57431,733
CFO/OP240%111%94%93%86%108%129%115%121%101%109%143%

Financials of Bharat Petroleum Corporation Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days44988712105784
Inventory Days293445413232525132424351
Days Payable221924272519323720272941
Cash Conversion Cycle121930211620332417212214
Working Capital Days-19-18-31-19-13-30-33-29-20-21-27-32
ROCE %17%25%24%21%18%9%18%16%7%32%16%26%

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What Bharat Petroleum Corporation Ltd's management said in earlier quarters

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