Financial results for quarter ended 30th June 2026

3-TmT qs:)~~~ ctSTYl~~ToT f&tf?i"e.s BHARAT PETROLEUM CORPORATION LTD. 3mo:mcl5R<l5T~ A Govt. of India Enterprise Sec.3.4.1 22nd July 2026 The Secretary, The Secretary BSE Ltd., National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No C/1, Dalal Street G Block, Bandra-Kurla Complex, Mumbai 400 001 Mumbai 400051 BSE Scrip Code: 500547 NSE Symbol : BPCL Dear Sir/Madam, Sub: Unaudited Financial Results for the quarter ended 30th June 2026 In continuation of our letter dated 13th July 2026 intimating the date of the Board Meeting of the Company, we wish to inform you that the Board of Directors of the Company at its meeting held on 22nd July 2026, has approved the Unaudited Financial Results for the quarter ended 30th June 2026. A copy of the said statement along with Limited Review Report of the Auditors is enclosed as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statement of deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is not applicable for the quarter ended 30th June 2026. The meeting of the Board of Directors commenced at 10.30 a.m. and concluded at 2.30 p.m. Thanking you, Yours faithfully, For Bharat Petroleum Corporation Limited (V. Kala) Company Secretary mw 'lw.,, 4 ~ 6, c!RTBm-U" '15. ~ ~-~ <ITTffi w. 688. 1~-400 001. w,,: 2271 3000/4000. ~: 2271 387 4 Bharat Bhavan, 4 & 6. Curnmbhoy Road, Ballard Estate, P. B. No.688, Mumbai-400 001. Phone: 2271 3000/4000. Fax: 22713874 Pma:I: info@bharatpetroleum.in website-www.bharatpetroleum in C\N: L23220MH1952GOI008931 M M NISSIM & CO LLP Manohar howdhry & As ociate , Chartered Accountant Chartered Accountant Barodawala Mansion, B Wing, 3rd Floor, 603, Bhavya Plaza, 6th Floor, 81, Dr. Annie Besant Road, Worli, 5th Road, Khar West, Mumbai- 400018 Mumbai -400052 Independent Auditors' Limited Review Report on th Unaudited Standalone Financial R sult of Bharat Petroleum Corporation united for the quarter ended June 30, 2026 pursuant to the Regulation 33 and 52 of the S 81 (Li ting Obligation and Disclosur Requirements) Regulations, 2015, as amend d To the Board of Directors of Bharat Petroleum Corporation Limited 1. W have reviewed the accompanying Statement of Standalon Un.audit d Financial Results of Bharat Petroleum orporation Limited (the "Corporation") for the quarter ended June 30, 2026 ("Statement"), being submitted by the Corporation pur uant to the requirement f R gulations 33 and 52 of the SEBI (Listing Obligations and Disclosur Requirements) Regulations, 2015, as am nded (the 11Listing R gulations") exc pt th disclosures regarding PhysicaJ Performanc disclosed in Para B of the Statement. 2. This Stat ment which is the re ponsibility of th Corporation1s Manag ment, has been reviewed and approved by th Corporati n's Board of Dir ctor , ha been prepared in ace rdance with th recognition an measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34), prescribed under Section 133 of the Companies A t, 2013 r d with rel vant rule i su d ther und r and oth r ac ounti.ng principles generally accept d in India and in complian e with Regulations 33 and 52 of Listing Regulations. Our responsibility is to express a conclusion on the Statement ba don our review. 3. W conducted our r view of the Stat ment in a cordance with the Standard on R view Engagem nt (SRE) 2410, 1Revi w of Int rim Financial Information Performed by th Independ nt Auditor of the Entity 1 issued by th Institute f Charter d Accow1tants of India. 1bis Standard requires that w plan and perform th revi w to obtain moderat assuranc as to whether th Stat ment is fre of material misstatement. A rev:iew of interim financial information consists of making inquiri s, primarily of person responsible for financial and accounting matter , and applying analyti al and oth r revi w procedures. A review is substantially less in scope than an audit ondu ted in accordanc with Standards on Auditing and consequently does not nabl us to obtain assuranc that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information Iequired to be disclosed in terms of the Listing Regulations, including the manner in whidi. it is to be disclosed, or that it contains any material misstatement. 5. Other Matters a) The Corporation did not comply vvith the requirements relating to optimum combination of Independent Directors on its Board as prescribed w1der Regulation 17(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 throughout the quarter. Further, owing to non-availability of the requisite number of Independent Directors, the Corporation was not in compliance with the requirements relating to Board composition and constitution of mandatory committees as prescribed under Sections 149(4), 177 and 178 of the Companies Act, 2013 and Regulations 18, 19, 20 and 21 of the SEBI Listing Regulations. Further, the Corporation did not have a woman director on its Board, as required under Section 149(1) of the Companies Act, 2013 and consequently not in compliance with Regulation 17(1)(a) of the SEBI Listing Regulations, which also includes optimum combination of board that requires minimum of one women director. Our conclusion on the Statement is not modified in respect of the above matter. For MM NISSIM & CO LLP For Manohar Chowdhry & Associates Chartered Accountants Chartered Accountants Firm Regish·ation No: 107122W /Wl00672 Firm Registration No: 001997S Saomil R Vora Muthurajan R Partner Partner Membership No. 135247 Membership No. 228596 UDIN: 26135247BJIUFM1163 UDIN: 26228596EYMOXA1073 Place: Mumbai Date: July 22, 2026 Bharat Petroleum Corporation Limited Regd. Office: Bharat Bhavan, 4 & 6, Currimbhoy Road, Ballard Estate, P.B.No. 688, Mumbai -400 001 CIN: L23220M H1952GO1008931 Phone: 022 2271 3000 / 4000 Fax: 22713874 email id: info@bharatpetroleum.in Website: www.bharatpetroleum.in STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30'" JUNE 2026 ~ in Crore Quarter Quarter Quarter Year ended ended ended ended Pa rti cu la rs 30.06.2026 31.03.2026 30.06.2025 31.03.2026 Audited Unaudited Unaudited Audited Refer Note 8 A. FINANCIAL PERFORMANCE Income I. Revenue from Operations (Refer Note 3) 1,59,479.28 1,34,896.40 1,29,577.89 5,22,668.25 II. Other Income (Refer Note 5) 1,253.44 1,063.74 748.71 3,753.28 Ill. Total Income (1 + II) 1,60,732.72 1,35,960.14 1,30,326.60 S,26,421.53 IV. Expenses Cost of Materials Consumed 90,588.10 54,264.27 53,686.13 2,13,621.76 Purchase of Stock-in-Trade 65,348.26 43,815.22 40,782.82 1,66,445.00 Changes in Inventories of Finished Goods, Stock•in-Trade and (8,368.16) (1,231.68) 1,335.19 (881.97) Work-in-Progress Excise Duty 8,2S0.02 16,247.02 17,063.24 67,592.38 Employee Benefits Expense 832.22 1,119.68 901.99 3,751.84 Finance Costs 415.27 479.05 373.51 1,634.00 Depreciation and Amortization Expense 2,065.93 2,038.37 1,881.81 7,844.09 Other Expenses 6,906.26 10,621.12 6,145.41 30,961.30 Total Expenses (IV) 1,66,037.90 1,27,3S3.05 1,22,170.10 4,90,968.40 V. Profit/(Loss) Before Exceptional Items & Tax (111 -IV) (5,305.18) 8,607.09 8,156.50 35,453.13 VI. Exceptional Items • Expenses/(lncome) (Refer Note 6) 4,349.13 4,349.13 VII. Profit/(Loss) Before Tax (V-VI) (5,305.18) 4,257.96 8,156.50 31,104.00 VIII. Tax expense: 1. Current Tax 2,446.22 1,999. [Showing first 8,000 characters — download PDF for full document]