Burshane LPG (Pakistan) Limited
By PSX Investors Zone · Updated October 21, 2026
Burshane LPG (Pakistan) Limited (BPL) is a Pakistan Stock Exchange-listed company engaged in storing, marketing and trading liquefied petroleum gas (LPG) throughout Pakistan, along with trading low-pressure regulators. In FY2026, the company reported unconsolidated sales of approximately Rs.2.84 billion and profit after tax of Rs.179.70 million, compared with Rs.29.52 million in FY2025. BPL was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening announced in May 2026. However, its PSX profile displays a Risk Warning Alert concerning regulatory violations and potential trading suspension or delisting. Investors should review the latest financial statements, regulatory disclosures and Shariah screening before investing.
Company Overview
Burshane LPG (Pakistan) Limited (BPL) is a Pakistani company listed on the Pakistan Stock Exchange. Incorporated on October 12, 1966, the company is principally engaged in storing, marketing and trading liquefied petroleum gas (LPG) throughout Pakistan. It also trades low-pressure regulators.
LPG is used for domestic cooking, commercial activities and certain industrial applications. Demand, procurement costs, supply arrangements, transportation expenses, regulatory requirements and changes in LPG prices can all affect the company's financial performance.
Official sources:
Latest Annual Financial Performance
For the financial year ended June 30, 2026, Burshane LPG reported a substantial improvement in sales and profitability.
Annual results
| Financial metric | FY2026 | FY2025 |
|---|---|---|
| Net sales | Rs.2.841 billion | Rs.1.659 billion |
| Unconsolidated profit after tax | Rs.179.70 million | Rs.29.52 million |
| Earnings per share (EPS) | Rs.7.99 | Rs.1.31 |
| Sales growth | 71.32% | — |
Source: FY2026 financial results
The reported figures indicate a strong recovery in FY2026. Sales increased by approximately 71%, while unconsolidated profit after tax rose from Rs.29.52 million to Rs.179.70 million.
The company's FY2026 corporate briefing also reported sales volume of 12,919 metric tons, an increase of 56.34% from the preceding year. Higher sales volume and revenue contributed to the improved performance, although investors should review the complete audited statements to assess margins, operating cash flow, financing costs and sustainability.
Shariah Compliance Status
Burshane LPG (Pakistan) Limited was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening announced on May 29, 2026, using financial information available through December 2025.
The screening ratios reported for BPL were:
| Screening measure | Reported ratio | Screening benchmark |
|---|---|---|
| Debt to total assets | 30.15% | Below 37% |
| Non-compliant investments to total assets | 0.00% | Below 33% |
| Non-compliant income to revenue | 4.17% | Below 5% |
| Illiquid assets to total assets | 70.63% | At least 25% |
Official source: PSX Shariah screening notice
The non-compliant income ratio was below the screening threshold but comparatively close to the 5% limit. Investors following Shariah screening should pay attention to future reviews and any change in this ratio.
These ratios apply to the specified screening period. They should not be presented as current ratios without a newer calculation. Shariah eligibility can change after subsequent reviews, so confirm the latest official PSX-KMI All Share Islamic Index list before investing.
Important PSX Risk Warning Alert
The PSX company profile displays a Risk Warning Alert (RWA) stating that the company is in continuous violation of specified PSX regulatory clauses and may face trading suspension or delisting, subject to the Exchange's applicable terms and conditions.
This is a material risk that readers should understand before considering BPL shares. Check the latest PSX announcements to determine whether the violations have been addressed and whether any further regulatory action has been announced.
Official source: PSX company profile and regulatory alert
The presence of this alert does not by itself mean that the company has already been suspended or delisted. Its current trading and regulatory status must be confirmed directly with PSX.
Dividends and Corporate Entitlements
The FY2026 results announcement reported that the board recommended a final cash dividend of Rs.1.00 per share and a 20% bonus issue, equivalent to one bonus share for every five shares held.
These were recommendations announced with the FY2026 results. Shareholders should consult the company's subsequent AGM resolutions, PSX announcements and entitlement records to confirm approval and implementation before treating them as completed distributions.
Source: PSX financial announcements
Key Factors Investors Should Monitor
- LPG demand and sales volume: Changes in household, commercial and industrial demand can influence sales.
- Procurement costs: LPG prices, supply arrangements, transport costs and currency movements can affect margins.
- Profit sustainability: Assess whether the improvement in FY2026 earnings continues in subsequent quarters.
- Cash flow and working capital: Review inventory, receivables, supplier payments and cash generated from operations.
- Regulatory compliance: Follow PSX announcements regarding the Risk Warning Alert and any potential suspension or delisting action.
- Shariah screening: Recheck the latest screening, particularly the non-compliant income ratio, before making a Shariah-based investment decision.
- Corporate entitlements: Confirm the final status of any dividend or bonus-share recommendation through official company disclosures.
Frequently Asked Questions
What is the PSX symbol of Burshane LPG (Pakistan) Limited?
The company's ordinary shares trade under the symbol BPL on the Pakistan Stock Exchange.
What does Burshane LPG do?
The company stores, markets and trades liquefied petroleum gas throughout Pakistan and also trades low-pressure regulators.
Is Burshane LPG Shariah-compliant?
It was classified as compliant in the PSX-KMI All Share Islamic Index screening announced May 29, 2026, based on financial information through December 2025. Investors should verify the latest official screening before investing.
Did BPL make a profit in FY2026?
Yes. The company reported unconsolidated profit after tax of approximately Rs.179.70 million and EPS of Rs.7.99 for FY2026, compared with profit after tax of Rs.29.52 million and EPS of Rs.1.31 in FY2025.
Does BPL have a regulatory warning on PSX?
Yes. The PSX profile displays a Risk Warning Alert relating to continuing regulatory violations and potential suspension or delisting. Investors should review the latest PSX notices for updates.
What should investors review before considering BPL?
Investors should assess the latest financial results, LPG sales volumes, profit margins, cash flow, debt, regulatory disclosures and current Shariah screening. The Risk Warning Alert is particularly important to understand before making an investment decision.
Disclaimer
This profile is for educational and informational purposes only. It is not a recommendation to buy or sell BPL shares and does not guarantee returns. Financial results, share prices, corporate entitlements, regulatory status and Shariah classifications may change. Consult the latest PSX disclosures, company reports and Shariah screening information before making an investment decision.
This profile is for educational purposes and is not a recommendation to buy or sell any security.