Hindustan Petroleum Corporation Ltd
Unaudited Financial Results for the quarter ended June 30, 2026
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 22 Jul 2026, 05:48 PM IST · BSE ID: 93df7fd4-a9cb-4788-b49b-3d1cf6646804
View Original BSE Filing (PDF)
💡
In Simple Terms
The oil company reported a significant loss in the latest quarter despite higher revenue and refining margins.
🤖 AI Summary
- HPCL reported Q1 FY27 standalone net loss of ₹ (11,526) crore, compared to PAT of ₹ 4,371 crore in Q1 FY26.
- Revenue from Operations for Q1 FY27 increased to ₹ 1,45,126 crore from ₹ 1,20,135 crore in Q1 FY26.
- Gross Refining Margin (GRM) for Q1 FY27 was US$ 23.80 per barrel, up from US$ 3.08 per barrel in Q1 FY26.
- Consolidated net loss for Q1 FY27 was ₹ (12,265) crore, compared to PAT of ₹ 4,111 crore in Q1 FY26.
- Refineries achieved a crude throughput of 6.52 MMT in Q1 FY27, operating at 107% of capacity.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from Operations Q1 FY27
₹ 1,45,126 crore
Revenue from Operations Q1 FY26
₹ 1,20,135 crore
GRM Q1 FY27
US$ 23.80 per barrel
GRM Q1 FY26
US$ 3.08 per barrel
Standalone PAT Q1 FY27
Net Loss ₹ (11,526) crore
Standalone PAT Q1 FY26
PAT ₹ 4,371 crore
Consolidated PAT Q1 FY27
Net Loss ₹ (12,265) crore
Consolidated PAT Q1 FY26
PAT ₹ 4,111 crore
Crude Throughput Q1 FY27
6.52 MMT
Capex in 1QFY27
₹ 1,734 crore
Total Sales Volume Q1 FY27
13.12 MMT
0.6 %
Combined sale of Petrol (MS) and Diesel (HSD)
8.8 MMT
8.1%
🏢 How This Affects the Company
The operational performance shows refineries operating above capacity at 107% with crude throughput of 6.52 MMT. The launch of Samriddhi 2.0 targeting ₹ 1,500 Crore EBITDA improvement, with ₹ 1,000 Crore for FY27, indicates a focus on efficiency.
The company recorded a substantial standalone net loss of ₹ (11,526) crore and consolidated net loss of ₹ (12,265) crore for Q1 FY27, contrasting with profits in the prior year. This impacts profitability despite increased revenue from operations to ₹ 1,45,126 crore.
Refineries processed 6.52 MMT of crude, exceeding capacity at 107%. The commissioning of solar projects at Jalgaon (10.4 MWp) and Jhansi (6.5 MWp) and the strategic partnership for 1,000 Quick Vehicle Care Centres indicate expansion and diversification efforts.
The declared net loss reflects the impact of the ongoing West Asia crisis, posing a continuing external market risk to profitability. While GRM improved, this did not translate to positive net profit, indicating other cost pressures.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected as the company reported a standalone net loss of ₹ (11,526) crore and consolidated net loss of ₹ (12,265) crore for Q1 FY27, impacting overall company financial health.
🔍
Management Signal
Management is focused on operational efficiency through programs like Samriddhi 2.0 targeting ₹ 1,500 Crore EBITDA improvement, and expanding infrastructure with ₹ 1,734 crore Capex in Q1 FY27.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY27 financial results — monitor profitability trends and revenue.
Progress of Samriddhi 2.0 program — track targeted EBITDA improvement of ₹ 1,000 Crore for FY27.
Updates on new Quick Vehicle Care Centres — observe commissioning of 100 centres in FY27.
HIGH RISK
The company reported substantial net losses in Q1 FY27, explicitly attributing it to the West Asia crisis.
💡 Investor Takeaway
Hindustan Petroleum Corporation Ltd recorded a standalone net loss of ₹ (11,526) crore and consolidated net loss of ₹ (12,265) crore for Q1 FY27. This occurred despite Revenue from Operations increasing to ₹ 1,45,126 crore and GRM improving to US$ 23.80 per barrel.
⚖️ Strengths & Concerns
✅ Positives
- Gross Refining Margin significantly improved to US$ 23.80 per barrel in Q1 FY27, up from US$ 3.08 per barrel in Q1 FY26.
- Refineries operated above capacity at 107% with a crude throughput of 6.52 MMT during Q1 FY27.
⚠️ Concerns
- HPCL reported a standalone net loss of ₹ (11,526) crore in Q1 FY27, compared to a profit of ₹ 4,371 crore in Q1 FY26.
- Consolidated net loss for Q1 FY27 was ₹ (12,265) crore, contrasting with a profit of ₹ 4,111 crore in Q1 FY26.
📅 Company Track Record
HPCL reported Q1 FY27 net loss of ₹ (11,526) crore, a significant shift from Q1 FY26 PAT of ₹ 4,371 crore. For the full FY26, HPCL's standalone PAT rose 133% to ₹ 17,175 crore, indicating strong prior year performance that did not continue into the first quarter of FY27.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Hindustan Petroleum Corporation Ltd's standalone net profit/loss in Q1 FY27?
Hindustan Petroleum Corporation Ltd reported a standalone net loss of ₹ (11,526) crore for the quarter ended June 30, 2026, compared to a PAT of ₹ 4,371 crore in Q1 FY26.
What was HPCL's Revenue from Operations in Q1 FY27?
Revenue from Operations for Hindustan Petroleum Corporation Ltd in Q1 FY27 was ₹ 1,45,126 crore, an increase from ₹ 1,20,135 crore in Q1 FY26.
What was HPCL's Gross Refining Margin (GRM) in Q1 FY27?
HPCL's Gross Refining Margin (GRM) before Export Cess for Q1 FY27 was US$ 23.80 per barrel, up from US$ 3.08 per barrel in Q1 FY26.
What was the crude throughput for HPCL refineries in Q1 FY27?
HPCL refineries recorded a crude throughput of 6.52 MMT during Q1 FY27, operating at 107% of their capacity.
What is the target for HPCL's Samriddhi 2.0 program for FY27?
HPCL's Samriddhi 2.0 program targets an EBITDA improvement of ₹ 1,500 Crore, with ₹ 1,000 Crore targeted as accrual for FY27.
Questions based on this BSE filing only. For information purposes.