HPCL Q2 results: Profit dips sequentially, beats estimates; declares dividend

Hindustan Petroleum Corporation Ltd (HPCL) reported a stronger-than-expected performance for the July–September quarter, with net profit at ₹3,380 crore, surpassing the CNBC-TV18 poll estimate of ₹3,040 crore, though 12.4% lower than ₹3,830 crore in the preceding quarter.

Revenue for the quarter stood at ₹1.01 lakh crore, broadly in line with expectations but down 9% quarter-on-quarter from ₹1.11 lakh crore.

EBITDA came in at ₹6,891 crore, ahead of the Street estimate of ₹5,911 crore but lower than ₹7,601 crore in the June quarter.

Operating margins were 6.8%, higher than the 5.8% projected by the Street but slightly below 6.9% sequentially.

The Board of Directors declared an interim dividend of ₹5 per share (50% of face value) for FY26, with November 6, 2025, as the record date. The dividend will be paid on or before November 27, 2025, the company said in a filing.

Ahead of the results, shares of HPCL closed 4.15% higher at ₹470.90 on the NSE.