BPCL Q4 Results 2026: Oil PSU Stock Surges 3% Ahead of Earnings Preview
BPCL Q4 Results 2026: Bharat Petroleum Corporation Limited to Report March Quarter Earnings Today
Bharat Petroleum Corporation Limited (BPCL) is set to announce its March quarter results today, May 19, amidst a sharp surge in global crude oil prices in the last month of Q4FY26. The oil PSU stock has traded in the green ahead of the earnings announcement, with the BPCL share price rising almost 3% to ₹289.55 on the BSE.
Brokerages' Mixed Expectations Brokerages remain mixed on BPCL's Q4 performance as they assess the impact of sharply elevated crude oil prices in the March quarter earnings. Emkay Global has predicted a 9.5% YoY and 33.2% QoQ fall in PAT, along with a drop in margins by over 200 bps and 400 bps yearly and sequentially, respectively.
| Brokerage | PAT Growth (YoY) | PAT Growth (QoQ) | Margins (bps) | Margins (bps) |
|---|---|---|---|---|
| Emkay Global | -9.5% | -33.2% | -200 bps | -400 bps |
| Kotak Institutional Equities (KIE) | 75% | -25.6% | - | - |
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On the other hand, Kotak Institutional Equities (KIE) sees PAT rising almost 75% YoY but down 25.6% QoQ. Similarly, net sales could grow 27% on a yearly basis and 20% on a quarterly basis. KIE has also predicted a decline of 28% QoQ in adjusted EBITDA, despite a 3.2% YoY decline.
Key Predictions Emkay Global has predicted the following key metrics for BPCL's Q4 results:
- Core/ reported GRM of USD16.0/19.0 per bbl
- Blended marketing margin at Rs2.6/kg vs Rs6.5/kg in Q3
- Total sales volumes up 5% YoY at 14.4mmt
Kotak Institutional Equities (KIE) has predicted:
- PAT rising almost 75% YoY
- Net sales growing 27% on a yearly basis and 20% on a quarterly basis
- Adjusted EBITDA declining 28% QoQ
Investor Takeaway
BPCL's Q4 results may be impacted by sharply elevated crude oil prices, with mixed expectations from brokerages.
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