Hindustan Petroleum Corporation Limited (HPCL) announced its financial results, reporting a 731% jump in standalone profit after tax for H1 FY26. Profit stood at ₹8,201 crore. The company also declared an interim equity dividend of ₹5 per share. The strong performance was supported by robust refining and marketing operations. The company’s refineries achieved record throughput, and sales volume also saw steady growth.
Exceptional Financial Performance
Hindustan Petroleum Corporation Limited (HPCL) reported a significant increase in profitability. Standalone Profit After Tax for H1 FY26 rose by 731% to ₹8,201 crore. For Q2 FY26, the company registered a 507% increase in Profit After Tax.
Dividend Announcement
The Board of Directors has declared an interim equity dividend of ₹5 per share.
Key Financial Highlights
Revenue from Operations:
- H1 FY26: ₹230,458 crore
- Q2 FY26: ₹110,323 crore
Gross Refining Margin (GRM):
- H1 FY26: US$ 5.95 per barrel
- Q2 FY26: US$ 8.80 per barrel
Operational Highlights
Refineries achieved the highest-ever crude throughput of 13.23 MMT during H1 FY26, a 9.7% increase. Visakh Refinery operated at 108% of its enhanced capacity, and Mumbai Refinery operated at 107% of its capacity.
Sales Volume Growth
H1 FY26 Sales (including exports) reached 25.11 MMT, a 3.5% YoY increase. Q2 FY26 Sales (including exports) were 12.07 MMT, up by 3.9% YoY.
Strategic Developments
Capex for H1 FY26 was ₹6,117 crore. India’s largest LPG cavern at Mangalore, with 80 TMT capacity, was commissioned. The Barmer Palanpur Pipeline (BPPL) has also been commissioned. HP Aviation commissioned Solapur ASF.
Sustainability Initiatives
One CBG plant was commissioned during the quarter, bringing the total to 17. A 1.5 MWp floating solar project was commissioned at Visakh. Solarized Retail Outlets now power 94% of the company’s outlets.
Source: BSE