Intimation on unaudited results for the quarter and half year ended 30th Sept 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 23rd October 2026 The Secretary, The Secretary, BSE Ltd., National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No C/1, G Block, Dalal Street, Mumbai 400 001 Bandra-Kurla Complex, Mumbai 400051 BSE Scrip Code: 500547 NSE Symbol: BPCL Dear Sir/Madam, Sub: Unaudited Financial Results for the quarter and half year ended 30th September 2026 In continuation of our letter dated 12th October 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 23rd October 2026, has approved the Unaudited Financial Results for the quarter and half year ended 30th September 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 September 2026. The meeting of the Board of Directors commenced at 4.30 p.m. and concluded at 7.00 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 Chowdhry & Associates, Chartered Accountants Chartered Accountants 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 the Unaudited Standalone Financial Results of Bharat Petroleum Corporation Limited for the quarter and half year ended September 30, 2026 pursuant to the Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Bharat Petroleum Corporation Limited 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of Bharat Petroleum Corporation Limited (the "Corporation") for the quarter and half year ended September 30, 2026 ("Statement"), being submitted by the Corporation pursuant to the requirements of Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations") except the disclosures regarding Physical Performance disclosed in Para B of the Statement. 2. This Statement which is the responsibility of the Corporation's Management, has been reviewed and approved by the Corporation's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there under and other accounting principles generally accepted in India and in compliance with Regulations 33 and 52 of Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance 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 required to be disclosed in terms of the Listing Regulations, including the mam1er in which it is to be disclosed, or that it contains any material misstatement. 5. Other Matters a) The Corporation did not comply with the requirements relating to optimum combination of Independent Directors on its Board as prescribed under Regulation 17(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 throughout the half year. 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 M M NISSIM & CO LLP For Manohar Chowdhry & Associates Chartered Accountants Chartered Accountants Firm Registration No: 107122W/ W100672 Firm Regish·ation No: 001997S _5?..J0-1',,.- Saomil R Vora Muthurajan R Partner Parh1er Membership No. 135247 Membership No. 228596 UDIN: 26135247 A YWPCV3700 UDIN: 26228596IQUNVQ9247 Place: Mumbai Date: October 23, 2026 Bharat Petroleum Corporation limited Regd. Office: Bharat Bhavan, 4 & 6, Currimbhoy Road, Ballard Estate, P.B.No. 688, Mumbai. 400 001 CIN: L23220MH1952GOI008931 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 AND HALF YEAR ENDED 30•• SEPTEMBER 2026 ~ in Crore Quarter Quarter Quarter Half Year Half Year Year Particulars ended ended ended ended ended ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Audited A. FINANCIAL PERFORMANCE Income I. Revenue from Operations (Refer Note 3) 1,57,778.58 1,59,479.28 1,21,5 70.90 3,17,257.86 2,51,148. 79 5,22,668.25 II. Other Income 466.74 1,253.44 1,190.69 1,720.18 1,939.40 3,753.28 Ill. Total Income (I+ 11) 1,58,245.32 1,60,732.72 1,22,761.59 3,18,978.04 2,53,088.19 5,26,421.53 IV. Expenses Cost of Materials Consumed 74,969.20 90,588.10 51,990.47 1,65,557 .30 1,05,676.60 2,13,621. 76 Purchase of Stock-in-Trade 53,879.73 65,348.26 38,233.10 1,19,227.99 79,015.92 1,66,445.00 Changes in Inventories of Finished Goods, Stock-in-Trade 1,005.98 (8,368.16) (3,099.48) (7,362.18) (1,764.29) (881.97) and Work-in-Progress Excise Duty 8,737.53 8,250.02 16,658.43 16,987.55 33,721.67 67,592.38 Employee Benefits Expense 780.73 832.22 869.65 1,612.95 1,771.64 3,751.84 Finance Costs 658.76 415.27 420.78 1,074.03 794.29 1,634.00 Depreciation and Amortization Expense 2,092.40 2,065.93 1,951.61 4,158.33 3,833.42 7,844.09 Other Expenses (Refer Note 5) 9,434.88 6, [Showing first 8,000 characters — download PDF for full document]