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Informist, Wednesday, Oct. 29, 2025

 

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--HPCL Jul-Sept net profit INR 38.30 bln 
--Analysts saw HPCL Jul-Sept net profit at INR 28.89 bln 
--HPCL Jul-Sept revenue INR 1.10 tln 
--Analysts saw HPCL Jul-Sept revenue at INR 1.05 tln 
--HPCL Jul-Sept net profit INR 38.30 bln vs INR 6.31 bln year ago 
--HPCL Jul-Sept revenue INR 1.10 tln vs INR 1.08 tln year ago 
--HPCL Apr-Sept net profit INR 82.01 bln vs INR 9.87 bln year ago 
--HPCL Apr-Sept revenue INR 2.30 tln vs INR 2.29 tln year ago 
--HPCL to pay INR 5 per share interim dividend 
--HPCL interim dividend record date is Nov 6 
--HPCL Apr-Sept average GRM $5.95/bbl vs $4.03/bbl year ago 
--HPCL Jul-Sept crude throughput 6.57 mln tn vs 6.30 mln tn year ago 
--HPCL Jul-Sept pipeline throughput 6.12 mln tn vs 6.53 mln tn year ago 
--HPCL Jul-Sept domestic market sales 11.16 mln tn vs 10.79 mln tn year ago 
--HPCL Jul-Sept GRM $8.80/bbl vs $3.12/bbl year ago 
--HPCL spent INR 32.57 bln on capex in Jul-Sept, INR 61.17 bln in Apr-Sept 
--HPCL Jul-Sept LPG sales 2.39 mln tn, up 5.9% on year 
--HPCL Jul-Sept petrol, diesel sales 7.07 mln tn, up 2.8% on year 

 

By J. Navya Sruthi 

MUMBAI – Hindustan Petroleum Corp. Ltd.'s net profit for the September quarter surged over six times and beat the analysts' estimates on the back of lower expenses incurred during the period. The total expenses of the company were at an eight-quarter low in the September quarter. More-than-expected net sales, a fall in global crude oil prices, and higher other income also supported the company's bottom line.  

 

The company's net profit in the reporting quarter surged by a whopping 507% on year to INR 38.30 billion from INR 6.31 billion. Analysts had expected the net profit of the company to rise to INR 28.89 billion. 

 

Its income from sale of products for the September quarter rose to INR 1.10 trillion from INR 1.08 trillion seen in the year-ago period. This is also higher than the Street's expectation of INR 1.05 trillion. Income from sale of products, excluding excise duty of INR 95.41 billion during the September quarter was slightly higher on year at INR 1.00 trillion.

 

The company's revenue rose on the back of an increase in refinery throughput and sales during the September quarter. Its crude oil refinery throughput rose to 6.57 million tonnes from 6.30 million tonnes a year ago. The pipeline throughput fell to 6.12 million tonnes from 6.53 million tonnes a year ago. Its domestic sales during the quarter rose to 11.16 million tonnes from 10.79 million tonnes a year ago.

 

Total expenses of the company, including excise duty, fell over 2% on year to INR 1.06 trillion during the quarter. However, the company's expenses, excluding excise duty, were at an eight-quarter low of INR 9.62 trillion due to a fall in purchase of stock-in-trade and cost of materials consumed.

 

The company's purchase of stock-in-trade, which accounts for around 57% of total expenses, fell nearly 8% on year to INR 5.46 trillion. The cost of materials consumed fell slightly to INR 3.67 trillion in the September quarter. This accounts for around 38% of total expenses. 

 

Finance cost fell over 19% to INR 7.61 billion. However, the employee benefits expense rose over 8% on year to INR 8.13 billion in the reporting quarter. The company's tax outgo jumped over six times to INR 12.88 billion in the September quarter from INR 2.04 billion in the year-ago period.

 

The gross refining margin rose to $8.80 per barrel from $3.12 per barrel a year ago. The company's operating margin for the quarter was 4.83% against 1.09% a year ago. 

 

The state-owned company's liquefied petroleum gas sales were up nearly 6% on year at 2.39 million tonnes in the September quarter. Petrol and diesel sales of the company were at 7.07 million tonnes, up 2.8% on year. The company's capital expenditure during the quarter was INR 32.57 billion.  

 

The company commissioned 351 retail outlets during the September quarter, taking its total number of outlets to 24,252. The company also added three LPG distributors in the same period, taking the total count to 6,387, the company said. HPCL's aviation business recorded a growth of 6.1% during the quarter as against industry degrowth of 2%. 

 

APR-SEPT

HPCL's net profit for the first half of 2025-26 (Apr-Mar) was INR 82.01 billion, up a whopping 731% on year. The revenue for the period was INR 2.30 trillion, slightly up from INR 2.29 trillion in the year-ago period. 

 

The company's average gross refining margin for the period was $5.95 per barrel, up from $4.03 per barrel in the year-ago period. HPCL spent INR 61.17 billion on capital expenditure. The capital expenditure was focused on strengthening refining and marketing infrastructure, including investments in subsidiaries and joint venture companies to build additional capacities, new business lines and improving operating efficiencies, according to a release by the company. 

 

India's largest LPG cavern at Mangalore with 80,000 tonnes capacity was commissioned during the quarter, according to the release. The company has announced an interim dividend of INR 5 per share and fixed Thursday as the record date. The dividend will be paid out on or before Nov. 27.
 

Wednesday, shares of Hindustan Petroleum Corp. Ltd. closed nearly 4% at INR 468.85 on the National Stock Exchange.  End

 

US$1 = INR 88.19

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Deepshikha Bhardwaj

 

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