Hindustan Petroleum Corporation Limited (HPCL) today announced its financial results for the quarter ended June 30, 2025, reporting strong all-round performance.
The quarter also marked significant progress in capital projects at refineries and the launch of new initiatives aimed at strengthening profitability. HPCL has increased its refinery output significantly on back of the recent expansion projects, and also continues to increase its sales volume.
Q1 FY26 witnessed a strong operational and financial performance. Refineries recorded quarterly throughput of 6.66 MMT registering a year-on-year growth of 15.6%, and an average utilisation of 109%. The Market sales volume of 13.04 MMT (including exports) for the quarter were at a record high, representing a growth of 3.2%.
The company registered an increase in Profit After Tax by 1128% YoY.
- Revenue from Operations: ₹120,135crore (₹ 120,878 crore in Q1 FY25)
- Gross Refining Margin (GRM): US$ 3.08per barrel (US$ 5.03 per barrel in Q1 FY25)
- Profit After Tax (PAT): ₹ 4,371 crore (₹ 356 crore in Q1 FY25)
- Consolidated PAT: ₹ 4,111 crore (₹ 634 crore in Q1 FY25)
Operational Performance
Refining Performance:
- HPCL refineries recorded crude throughput of 6.66 MMT in Q1 FY26, up 15.6% from 5.76 MMT in Q1 FY25.
- Visakh Refinery registered highest-ever quarterly crude throughput of 4.16 MMT operating at 111% of its name plate capacity
- Mumbai Refinery registered quarterly throughput of 2.50 MMT operating at 106% of its name plate capacity
- Our refineries achievedbest-ever performance inFuel & Loss: 6.88% (wt %)
- Four new crude grades (three imported and one indigenous) were processed in Q1 FY26
Marketing and Sales Performance:
Sales Volume:
- Q1 FY26 Sales (including exports): 13.04 MMT (↑ 3.2% YoY)
- Domestic Sales Growth: 1.9%
- Combined sale of Petrol (MS) and Diesel (HSD): 8.11 MMT(↑ 1.1% YoY)
- Total LPG sales (Domestic and Non-Domestic): 2.21 MMT (↑ 6.6% YoY)
Pipelines:
- Pipeline Throughput in Q1 FY26: 6.70 MMT
Retail:
- Registered highest ever quarterly MS Sales of 2.62 MMT with 5.4% growth.
- Achieved highest quarterly CNG Sales volume of 310 TMT with 22.1% growth
Aviation:
- Achieved sales of 291 TMT in Q1 registering a growth of 11.4%, maintaining continuous market share gain.
- Bhuj ASF Received appreciation letter for “Operation Sindoor” for providing round the clock operation to IAF & In-to Plane services to visiting squadron.
- Signed 5-year agreement with the National Centre for Polar and Ocean Research(NCPOR) for supply of ATF, Marine Gas Oil and Lubricants for India’s Antarctic expeditions.
HP Green R&D Centre (HPGRDC), Bengaluru has signed a license agreement with Pacific Industrial Development Corporation for manufacturing and marketing of HP-NanoPro worldwide.
As of 30th June 2025, HPGRDC has filed a total number of 669 patents, out of which 259 have been granted.
Strategic Investments and Infrastructure Development
- Total Capex in Q1 FY26: ₹ 2,860crore – focused on strengthening refining and marketing infrastructure, including investments in subsidiaries and joint ventures
- Barmer Refinery & Petrochemical Project (HRRL):
- Total Commitment: ₹72,814 crore
- Capex Incurred: ₹59,287 crore
- Overall Progress: 88%
- OISD Audits commenced
- Crude-in to CDU expected in current year
- Residue Upgradation Facility (RUF), Visakh:Pre-commissioning activities completed. OISD and PESO inspections completed. PESO approval obtained in Apr’25. Unit gearing up for commissioning in next few weeks.
- India’s largest LPG cavern with 80 TMT capacity at Mangalore:
- PESO approval received.
- PCB approval awaited for commencing gas-in
Network Expansion andOutreach
- Retail Outlets Commissioned in Q1 FY26: 154 (Total: 23,901)
- New LPG Distributors in Q1 FY26: 6 (Total: 6,384)
- CGD Network in Q1 FY26:
- 711 inch-km of steel and 164 km of MDPE pipeline laid
- 8,024 domestic PNG connections (Total: 1,24,484)
- First-ever supply of Lubricants were made to Indonesia, thus, expanding global footprints of the company
New Initiatives
- Project Samriddhi, an ambitious EBITDA improvement programme encompassing cost takeout and margin improvement initiatives was launched in May 2025 with an aspirational margin improvement target of 0.50 $/bbl, on the total sales quantity. Initiatives are being undertaken across all SBUs, and benefits of the program have already started accruing.
- Emphasis is being laid on enhancing the productivity and efficiency of the company’s assets and network. Project ‘Abhyuday’ is one such initiative which is targeting increase in throughput per outlet.
- Several digital transformation initiatives such as Cloud based CRM, Central Energy Monitoring System and Hyperlocal search Marketingwere introduced to increase efficiencies.
Sustainability and Energy Transition
- Compressed Biogas (CBG):
- Commissioned 1 CBG plant during the quarter under SATAT taking the total to 16, and issued 19 LOIs taking the total active LOIs to 127 with capacity 311.50 TMT.
- Renewables (HPRGEL):
- 5.6 MWp mechanical completion achieved for Delhi Greening Project
- Retail Energy Transition (Q1 FY26):
- CNG Outlets: 33 new outlets (Total: 2,071)
- Solarized Retail Outlets: 90 added (Total: 22,443) – now 94% of outlets powered by renewables
Awards and Accolades
HPCL was bestowed with several awards and recognitions, the major ones being:
- ‘Masters of Risk’ Award under the PSU Large Cap category at India Risk Management Awards (IRMA), 2024-25
- Gold Award in the ‘Best CSR Practice’ category at prestigious ISDA Infracon National Awards (IINA) – 2025
‘Climate Leadership’ Award at Business Today’s Most Sustainable Companies Summit 2025
Source – sarkaritel.com
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