49 crore in Q2FY26. 13 crore in the previous quarter (Q1FY27).

70 crore reported in Q2FY26. 91 crore in the year-ago quarter.

On a sequential basis, earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 8,971 crore, compared with a loss of Rs 4,077 crore in the preceding quarter. Separately, BPCL's board of directors, at a meeting held on October 23, approved the incorporation of a wholly owned subsidiary in India for the proposed greenfield refinery and petrochemical complex and associated facilities at Ramayapatnam in Andhra Pradesh.

The incorporation is subject to requisite government, statutory and regulatory approvals. The subsidiary will serve as a dedicated project company, with an initial authorised share capital of up to Rs 4,900 crore.

According to the company, the entity will provide a dedicated legal and governance structure for project activities and support due diligence, engagement with lenders and potential partners, and the development of an optimal financing and partnership structure. The detailed feasibility reports are being finalised.

The financial investment decision and financial commitments will be considered separately by the competent authorities at the appropriate stage, BPCL said. 95.

40 during the session. The shares have declined nearly 26% so far in 2026, according to NSE data.

65. At the closing price, BPCL had a market capitalisation of Rs 1,22,324 crore.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication.

The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist.

Readers are advised to consider the original research report and make their investment decisions based on their own assessment.