HPCL Reports 77% Surge in Consolidated Net Profit for Q4, Declares Final Dividend of Rs 19.25

Hindustan Petroleum Corp Reports 77% Rise in Q4 Profit

Hindustan Petroleum Corp (HPCL) has announced a consolidated net profit of Rs 6,065.26 crore in the March quarter of fiscal 2025-26, marking a significant 77 percent increase from the year-ago period. The state-run company attributed the rise in profit to improved refining margins.

Key Financial Highlights

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The company's revenue from the sale of products stood at Rs 1.23 lakh crore in Q4 FY26, a 4.4 percent increase from Rs 1.17 lakh crore in Q4 FY25. Total income also grew by 4.4 percent to Rs 1.24 lakh crore in the quarter under review.

HPCL's Board of Directors has recommended a final dividend of Rs 19.25 per share, having a face value of Rs 10, subject to approval by the members of the corporation. This is in addition to the interim dividend of Rs 5 paid during the year.

Refining Margins and Crude Throughput

The company's average Gross Refining Margin (GRM) during the year was $8.79 a barrel against $5.74 in FY25. For Q4 FY26, HPCL's gross refining margins rose to $14.27 per barrel against $8.44 per barrel in Q4 FY25. However, the company's crude throughput declined to 6.43 million tonnes in the last quarter of FY26 compared to 6.74 million tonnes in Q4 FY25.

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Domestic Sales and Compensation

Domestic sales during the period stood at 12.43 million tonnes against 12.11 million tonnes in the same period of the previous fiscal. The oil ministry has conveyed a compensation of Rs 7,920 crore to HPCL towards under-recoveries incurred on the sale of domestic LPG up to March 31, 2025, and likely to be incurred up to March 31, 2026.

Investments and Retail Expansion

HPCL incurred a capex of Rs 4,611 crore in Q4 FY26. For the full fiscal FY26, the company incurred a capex of Rs 15,705 crore, 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.

The company commissioned 526 new retail outlets in the last quarter, taking its total number of outlets to 25,098. It also added 75 new CNG stations in Q4 FY26, bringing the total CNG retail outlets to 2,253.