Bharat Petroleum Corporation Ltd Share Price – NSE  / BSE

Refineries, Mid Cap

Bharat Petroleum Corporation has signed an agreement on 29 June 2026 to acquire 40% equity stake in Tiki Tar and Shell India (TTSIPL), a joint venture company of Tiki Tar Group and Shell Gas B.V. for a cash consideration of Rs 85 crore. The acquisition is primarily driven by the need to capture the rapidly growing market for Value-Added Bitumen (VAB) in India's booming infrastructure sector.

TTSIPL operates in the business of marketing, processing, purchasing, importing, exporting, and selling bitumen and bituminous products primarily in India, with export sales extending to Nepal, Bhutan, and Bangladesh. Its product portfolio provides solutions for both highways and airport runways, consisting specifically of VG Grade Bitumen, Polymer Modified Bitumen (PMB), Crumb Rubber Modified Bitumen (CRMB), Emulsion, and Emulsion OB.

However, net sales (excluding excise duty) rose 6.71% year on year (YoY) to Rs 1,18,649.38 crore in the March 2026 quarter.

Profit before tax (PBT) marginally shed 0.10% YoY to Rs 4,257.96 crore during the quarter.

Total expenses increased 4.71% YoY to Rs 1,27,353.05 crore in Q4 FY26. The cost of materials consumed stood at Rs 54,264.27 crore (down 6.51% YoY), while employee benefits expenses jumped 52.03% YoY to Rs 1,119.68 crore during the period under review.

In Q4 FY26, refinery throughput stood at 10.40 million metric tonnes (MMT), down 1.70% from 10.58 MMT in Q4 FY25. Domestic sales increased 3.27% YoY to 13.86 MMT in Q4 FY26 compared with 13.42 MMT in Q4 FY25.

Domestic market sales growth stood at 3.28% in Q4 FY26, compared with 1.82% in Q4 FY25. Export sales improved to 0.35 MMT in Q4 FY26 from 0.30 MMT in Q4 FY25.

Net cash used in operating activities stood at Rs 47,703.28 crore as of 31 March 2026, compared with Rs 23,604.83 crore as of 31 March 2025.

On the margins front, the company?s operating margin improved to 5.59% in Q4 FY26 from 4.13% in Q4 FY26, while the net profit margin shed to 2.37% from 2.53% during the same period.

Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing petroleum products.

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Net profit of Bharat Petroleum Corporation rose 28.07% to Rs 5624.54 crore in the quarter ended March 2026 as against Rs 4391.83 crore during the previous quarter ended March 2025. Sales rose 6.72% to Rs 118700.88 crore in the quarter ended March 2026 as against Rs 111230.21 crore during the previous quarter ended March 2025.

For the full year,net profit rose 93.78% to Rs 25843.45 crore in the year ended March 2026 as against Rs 13336.55 crore during the previous year ended March 2025. Sales rose 3.40% to Rs 455228.03 crore in the year ended March 2026 as against Rs 440271.86 crore during the previous year ended March 2025.

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Bharat Petroleum Corporation has revised the meeting of the Board of Directors which was scheduled to be held on 12 May 2026. The meeting will now be held on 19 May 2026.