HPCL Releases Quarterly Results: Net Loss Stands Firm As Operating Margins Face Pressure
Hindustan Petroleum Corporation Limited (HPCL) has released its unaudited financial results for the quarter ended June 30, 2026. The results show a net loss across both standalone and consolidated operations. The company also provided detailed data on operational performance, key ratios, and related disclosures.The Board of Directors reviewed and approved these results in a meeting held on July 22, 2026.
Quarterly Financial Performance Snapshot (Q Ended June 30, 2026)
The financial performance across the quarter saw HPCL report a net loss in both standalone and consolidated figures.| Metric | Standalone (in Crore) | Consolidated (in Crore) |
|---|---|---|
| Total Income | 146,407.30 | 145,844.01 |
| Total Expenses | 163,853.40 | 164,043.50 |
| Net Profit/(Loss) for the period | (11,526.41) | (12,264.67) |
| Basic and Diluted EPS | (54.17) | (57.64) |
Operational Highlights and Segment Results
For the quarter ended June 30, 2026, HPCL reported a Crude Throughput Market Sales of 6.52 MMT in both standalone and consolidated results.In terms of segment operations, the Downstream Petroleum segment saw a revenue of 145,127.41 Crore. This segment registered a profit/(loss) before tax of (17,712.65) Crore during the quarter.
The company also provided several operational insights:
- Refining Margins: The Average Gross Refining Margin (GRM) for the period stood at US $23.80 per BBL, compared to US $3.08 per BBL in the corresponding previous period.
- LPG Compensation: HPCL recognized three equal monthly installments of a compensation amount totaling 1,980 Crore under 'Sale of Products', relating to MoPNG's communication regarding domestic LPG under-recoveries.
Key Financial Ratios and Health Metrics (Consolidated)
The consolidated financial position reflected specific ratios detailing the company’s balance sheet strength:| Ratio | Value |
|---|---|
| Debt Equity Ratio | 1.43 times |
| Net Worth | 52,930.37 Crore |
| Outstanding Debt | 75,913.53 Crore |
| Current Ratio | 0.56 times |
Disclosures and Other Matters
The company issued a NIL Certificate regarding the security cover for Non-Convertible Debentures (NCDs).A statement on the utilization of proceeds of NCDs indicated that no NCDs were issued during the quarter ended April–June 2026.
Other material disclosures included:
- Joint Operations: The company recognized a proportionate share in Jointly Controlled Expenses of 0.72 Crore and Income of 0.38 Crore for the quarter, pertaining to 17 unincorporated Joint Operations.
- Board Structure: The report noted that the Parent did not have the required number of independent directors on its Board during the period from April 01, 2026, to June 30, 2026.
HINDPETRO Stock Price Movement
Shares of Hindustan Petroleum Corporation Limited shed value, slipping 3.10% on Wednesday as the equity settled at ₹395.20. The stock traded a total volume of 4.7 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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