Financial performance analysis is the process of determining the operating and financial characteristics of a firm from accounting and financial statements. The ability of an organization to analyze its financial position is essential for improving its competitive position in the marketplace. Through a careful analysis of its financial performance, the organization can identify opportunities to improve performance of the department, unit or organizational level. In this context an attempt has been made an analysis of financial performance of BPCL to understand how management of finance plays a crucial role in the growth.