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Informist, Wednesday, May 13, 2026

 

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--HPCL Jan-Mar net profit INR 49.02 bln
--Analysts saw HPCL Jan-Mar net profit at INR 17.99 bln
--HPCL Jan-Mar revenue INR 1.24 tln
--Analysts saw HPCL Jan-Mar revenue at INR 1.32 tln
--HPCL Jan-Mar net profit INR 49.02 bln vs INR 33.55 bln year ago 
--HPCL Jan-Mar revenue INR 1.24 tln vs INR 1.18 tln year ago 
--HPCL to pay INR 19.25 per share final dividend 
--HPCL final dividend record date Aug 14 
--HPCL FY26 net profit INR 171.75 bln vs INR 73.65 bln year ago
--HPCL FY26 revenue INR 4.79 tln vs INR 4.66 tln year ago
--HPCL Jan-Mar crude throughput 6.43 mln tn vs 6.74 mln tn year ago
--HPCL Jan-Mar pipeline throughput 6.48 mln tn vs 6.61 mln tn year ago 
--HPCL Jan-Mar domestic market sales 12.43 mln tn vs 12.11 mln tn year ago
--HPCL Jan-Mar export market sales 570,000 tn vs 590,000 tn year ago
--HPCL Jan-Mar EBITDA INR 99.15 bln 
--HPCL Jan-Mar LPG sales 2.29 mln tn 
--HPCL Jan-Mar motor fuel sales 2.56 mln tn 
--HPCL: FY26 refinery throughput 26.04 mln tn, up 3% on year 
--HPCL Jan-Mar GRM $14.27 per bbl vs $8.44 per bbl year ago 
--HPCL expects refining capacity rise to 45.3 mtpa by FY28 vs 35.8 mtpa now 
--HPCL: Nearly 92% of physical work done for Rajasthan refinery
--HPCL: Working towards more than 2 times jump in EBITDA by FY28 
--HPCL sees petrochemical capacity rise to 4.6 mtpa by FY28 vs 2.2 mtpa now 
 

 

By Shruti Nair

 

MUMBAI – Hindustan Petroleum Corp. Ltd.'s bottom line for the March quarter beat the Street's estimate by a wide margin due to a sharp rise in its gross refining margins. An on-year fall in raw material expenses also aided the net profit growth. The bottom line grew for the sixth quarter in a row. On the revenue front, the state-owned oil company witnessed moderate growth on year and missed the Street's estimate. 

 

For the March quarter, HPCL reported a 46% jump in its net profit at INR 49.02 billion. Analysts had estimated the company's bottom line at INR 17.99 billion. The company's gross refining margins rose 69% on year to $14.27 per barrel during the quarter from $8.44 per barrel a year ago. The bottom line was boosted by a decline in input costs, which fell nearly 3% on year to INR 377.45 billion.

 

The company reported revenus of INR 1.24 trillion for the reporting quarter, up 4.5% on year. Excluding excise duty, the company's revenue was INR 1.15 trillion. Analysts had pegged the revenue at INR 1.32 trillion. The company's total income, including excise duty, for the reporting quarter rose nearly 4.5% to INR 1.25 trillion, of which other income rose over 17% on year to INR 9.36 billion.

 

HPCL's total expenses were up around 3% on year at INR 1.18 trillion. A reversal of INR 25.21 billion in the company's expenses related to changes in inventories of finished goods, work-in-progress and stock-in-trade also limited the rise in the company's total expenses. 

 

HPCL's domestic market sales for the March quarter came in at 12.43 million tonnes, up roughly 3% from 12.11 million tonnes in the year-ago period. However, the company's export market sales fell to 570,000 tonnes, down over 3% from 590,000 tonnes a year ago.

 

HPCL's crude throughput for Jan-Mar was 6.43 million tonnes, down nearly 5% from 6.74 million tonnes a year ago. The company's pipeline throughput fell nearly 2% in the March quarter to 6.48 million tonnes from 6.61 million tonnes in the year-ago period. Liquefied petroleum gas sales in the March quarter came in at 2.29 million tonnes. The company's motor fuel sales for the reporting quarter were at 2.56 million tonnes. 

 

For financial year 2025-26 (Apr-Mar), the company's net profit more than doubled to INR 171.75 billion from INR 73.65 billion in FY25. Total revenues from operations for the period, inclusive of excise duty, rose a mere 2.6% to INR 4.79 trillion from INR 4.66 trillion. The refinery throughput for FY26 was 26.04 million tonnes, up 3% on year. The company announced final dividend of INR 19.25 per share with the record date set at Aug. 14.  More

 

 

The company's earnings before interest, tax, depreciation, and amortisation were INR 99.15 billion for the March quarter. For FY26, the company reported a 74% jump in its EBITDA at INR 331.18 billion, against INR 190.22 billion a year ago. In its investor presentation, the company said it was working towards doubling its EBITDA levels by FY28. 

 

For FY28, the company sees its refining capacity increasing to 45.3 million tonnes per annum from the current capacity of 35.8 million tonnes per annum. The company also said nearly 92% of the physical work on its HPCL Rajasthan Refinery Ltd. has been completed. Further, HPCL expects its petrochemical capacity to rise to 4.6 million tonnes per annum from 2.2 million tonnes per annum currently. At 1404 IST, shares of the company traded nearly 5% higher from Tuesday's close at INR 387.75 on the National Stock Exchange.  End

 

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