HPCL Reports 78% Surge in Q4 Net Profit Driven by Strong Refining Margins
HPCL Q4 results: Net profit jumps 78% to ₹6,065 crore on strong GRMs
Business Standard
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Hindustan Petroleum Corporation Ltd (HPCL) recorded a 77.58% year-on-year increase in consolidated net profit to ₹6,065 crore in Q4 FY26, driven by lower crude oil prices and robust gross refining margins of $14.27 per barrel. The company also announced a final dividend of ₹19.25 per share, pending shareholder approval.
- 01HPCL's net profit surged by 77.58% to ₹6,065 crore in Q4 FY26.
- 02Gross refining margins improved significantly to $14.27 per barrel.
- 03Revenue from operations increased nearly 4% to ₹1.23 lakh crore.
- 04The company announced a final dividend of ₹19.25 per equity share.
- 05HPCL's capital expenditure for the quarter was ₹4,611 crore.
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Hindustan Petroleum Corporation Ltd (HPCL) reported a 77.58% increase in consolidated net profit, reaching ₹6,065 crore for the fourth quarter of financial year 2025-26 (Q4 FY26). This substantial profit growth was attributed to lower crude oil prices, averaging around $70 per barrel, and strong gross refining margins (GRMs), which rose to $14.27 per barrel from $8.44 per barrel in the previous year. HPCL's revenue from operations also saw a nearly 4% increase, totaling ₹1.23 lakh crore, compared to ₹1.18 lakh crore in Q4 FY25. The company's board has proposed a final dividend of ₹19.25 per equity share, subject to approval from shareholders. Additionally, HPCL's refineries achieved record crude throughput of 26.04 million tonnes for FY26, a 3% increase from the previous fiscal year. The capital expenditure for the quarter was ₹4,611 crore, with a cumulative spending of ₹15,705 crore for FY26, aimed at enhancing refining and marketing infrastructure.
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HPCL's robust financial performance may lead to increased investments in infrastructure, potentially benefiting local economies and job creation in the refining sector.
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