Hindustan Petroleum Corporation Limited (HPCL) announced strong financial results, with a 206% increase in Profit After Tax for the nine months ending December 31, 2025. The company also commissioned its Residue Upgradation Facility (RUF) at Visakh Refinery and saw excellent refining and marketing performance. HPCL’s robust results were driven by efficient operations and increased sales volumes.
Financial Highlights
HPCL reported a significant increase in financial performance for the quarter and nine months ending December 31, 2025:
- 206% increase in 9M Standalone Profit After Tax (₹ 12,274 crore)
- 261% increase in 9M Consolidated Profit After Tax (₹ 11,982 crore)
The company registered a YoY increase in Profit After Tax by 206% for the nine-month period (9M FY26) and by 35% for Q3 FY26.
Operational Performance
HPCL achieved strong operational results, including:
- Resilient Refinery performance with a 5.8% increase in Throughput in 9M (19.61 MMT)
- Steady growth in Marketing with a 3.6% increase in Sales volume in 9M (38.45 MMT)
- Robust Gross Refining Margin (GRM) at US$ 8.85 per barrel in Q3
Refineries recorded the highest ever crude throughput of 19.61 MMT during the nine-month period, up 5.8% from 18.53 MMT in the previous year. Visakh Refinery registered its highest-ever crude throughput of 12.15 MMT.
Strategic Developments
Key strategic developments include:
- Commissioned Residue Upgradation Facility (RUF) at Visakh Refinery, achieving approximately 93% conversion of bottom oils into high-value products.
Capex in Q3 FY26 amounted to ₹ 4,976 crore, with a cumulative of ₹ 11,094 crore for the nine-month period.
Sales and Marketing
- 9M FY26 Sales (including exports): 38.45 MMT (↑ 3.6% YoY)
- Q3 FY26 Sales (including exports): 13.34 MMT (↑ 3.7% YoY)
New Initiatives & Sustainability
Project Samriddhi saw accruals of ₹ 1,267 Crore during the first nine months. HPCL’s loyalty app, HP Pay, achieved 3.1 million active users.
The company added 65 CNG outlets and solarized 248 retail outlets during Q3 FY26, furthering retail energy transition.
Source: BSE
