Mumbai, May 13: Hindustan Petroleum Corporation Limited (HPCL) on Wednesday reported a strong financial performance for FY26, with standalone profit after tax surging 133 per cent year-on-year to ₹17,175 crore, driven by robust refining margins, steady marketing growth, and improved operational efficiency.
The company’s consolidated profit after tax rose 168 per cent to ₹18,047 crore for the financial year, while Q4 FY26 standalone profit increased 46 per cent to ₹4,902 crore.
Revenue from operations stood at ₹4,78,543 crore in FY26, compared to ₹4,66,346 crore in FY25. Gross Refining Margin (GRM) improved significantly to $8.79 per barrel for FY26, up from $5.74 per barrel last year, while Q4 GRM stood at $14.27 per barrel.
HPCL also achieved its highest-ever refinery throughput of 26.04 million metric tonnes (MMT) in FY26, marking a 3 per cent increase year-on-year. Both Visakh and Mumbai refineries operated above 100 per cent capacity, reflecting strong operational performance.
Marketing and sales volumes grew 3.3 per cent to 51.45 MMT, with LPG sales rising 5.2 per cent and petrol-diesel combined sales reaching 31.06 MMT.
The company strengthened its financial position, reducing its standalone debt-equity ratio sharply from 1.38 to 0.80 during the year.
Dividend Announcement
HPCL’s board has recommended a final dividend of ₹19.25 per equity share for FY26, in addition to an interim dividend of ₹5 already paid, subject to shareholder approval.
Capex and Expansion
The company invested ₹15,705 crore in FY26 to expand refining and marketing infrastructure, including progress on the HPCL Rajasthan Refinery project. Despite a fire incident in April 2026 at the refinery’s CDU unit, operations were quickly stabilised with no casualties reported.
Retail expansion remained strong, with 526 new outlets added in Q4, taking the total to over 25,000 outlets nationwide.
Energy Transition Push
HPCL continued to accelerate its green energy transition:
- Expanded CNG network and solarised 95% of retail outlets
- Added compressed biogas (CBG) plants under the SATAT scheme
- Signed agreements for LNG, green hydrogen, and sustainable aviation fuel
The company also strengthened its circular economy initiatives through partnerships for used oil recycling and cleaner fuel adoption.
Innovation & Recognition
HPCL’s R&D centre has filed 779 patents, of which 312 have been granted, highlighting its innovation focus. The company also received multiple industry awards, including the FIPI Oil Marketing Company of the Year and the Golden Peacock Award for Risk Management.
