HPCL Q1: Profit Surges 1,128% YoY to ₹4,371 Crore Amid Slight Revenue Dip

Quick Summary

• Hindustan Petroleum Corporation Ltd (HPCL) posted a 1,128% year-on-year jump in Q1 standalone net profit to ₹4,371 crore from ₹355 crore in the same quarter last year.
• Consolidated Profit After Tax (PAT) rose by 548% to ₹4,111 crore compared to ₹634 crore in Q1FY25.
• Revenue from operations experienced a marginal decline of 0.6%, standing at ₹1,20,135 crore against ₹1,20,878 crore last year.
• Gross Refining Margin (GRM) dropped to $3.08 per barrel versus $5.03 per barrel in the previous year’s quarter.
• Quarterly refinery throughput reached 6.66 million metric tonnes (MMT), marking a growth of 15.6%. Both Visakh Refinery and Mumbai Refinery operated above their nameplate capacities with utilization rates of 111% and 106%, respectively.
• Sales volume increased by 3.2% YoY with total sales reaching 13.04 MMT; domestic sales grew by 1.9%. LPG sales climbed up by a notable margin at +6.6%.
• Pipeline throughput stood at 6.70 MMT for the quarter.
• Network expansion included commissioning of:

– 154 retail outlets, bringing total count to 23,901 locations.
– Addition of six new LPG distributors for a cumulative count of 6,384 distributors nationally.
– Extension into global markets through first-ever lubricant exports to Indonesia.

!HPCL Record Profit

Read More

Indian Opinion Analysis
HPCL’s remarkable surge in net profits despite marginally lower revenue and declining refining margins showcases its resilience through operational efficiency and optimized utilization strategies across refineries like Visakh and Mumbai plants operating above capacity thresholds (~109%-111%). This achievement highlights India’s broader capability within state-owned enterprises towards overcoming challenges posed by volatile global crude prices or unfavorable GRMs ($3+ vs prior mid-$5 benchmarks). Additionally increased sales domestically suggest more consumer demand stabilization reflected interest-rate/currency conditions-amiable upstream-driven material ecosystem-backed efficiency seen throughput pipeline integration land-expansion views international outreach promising AI