/images/ppid_59c68470-image-179267505514726092.webp)
/images/ppid_59c68470-image-179273005540394825.webp)
What is the story about?
Hindustan Petroleum Corporation Ltd (HPCL) reported a net profit of ₹3,482.6 crore for the July-September quarter of FY27, compared with a loss of ₹11,526 crore in the previous quarter.
The profit was below the CNBC-TV18 poll estimate of a loss of ₹5,864 crore.
Revenue from operations stood at around ₹1.3 lakh crore, against the CNBC-TV18 poll estimate of ₹1.4 lakh crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at ₹9,075 crore, compared with the poll estimate of an EBITDA loss of ₹4,913 crore.
The company had reported an EBITDA loss of ₹16,141 crore in the April-June quarter.
HPCL's profitability during April-September 2026 was impacted by suppressed marketing margins on certain petroleum products, the company said in its exchange filing.
Refining margins improve
HPCL's average gross refining margin (GRM) stood at $27.89 per barrel during April-September 2026, compared with $5.95 per barrel in the corresponding period of the previous year. The company said this figure was before factoring in the impact of the Special Additional Excise Duty and Road and Infrastructure Cess on exports of select petroleum products.
LPG compensation recognised
The Ministry of Petroleum and Natural Gas had conveyed compensation of around ₹7,920 crore to HPCL towards under-recoveries on domestic LPG sales incurred up to March 31, 2025, and expected to be incurred up to March 31, 2026.
According to the exchange filing, the compensation is to be disbursed in 12 equal monthly instalments, with monthly accruals starting November 2025. Accordingly, HPCL recognised six instalments totalling ₹3,960 crore for April-September 2026 and included the amount under 'Sale of Products'.
HPCL's cumulative negative buffer, which remains unrecognised, stood at ₹18,048.82 crore as of September 30, 2026, compared with ₹12,798.67 crore as of March 31, 2026, and ₹14,240.64 crore as of September 30, 2025.
Shares of Hindustan Petroleum Corporation Ltd. (HPCL) ended 1.87% lower at ₹340.80 on Thursday. The stock has declined 5.5% over the past month and is down 31.6% so far this year.
The profit was below the CNBC-TV18 poll estimate of a loss of ₹5,864 crore.
Revenue from operations stood at around ₹1.3 lakh crore, against the CNBC-TV18 poll estimate of ₹1.4 lakh crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at ₹9,075 crore, compared with the poll estimate of an EBITDA loss of ₹4,913 crore.
The company had reported an EBITDA loss of ₹16,141 crore in the April-June quarter.
HPCL's profitability during April-September 2026 was impacted by suppressed marketing margins on certain petroleum products, the company said in its exchange filing.
Refining margins improve
HPCL's average gross refining margin (GRM) stood at $27.89 per barrel during April-September 2026, compared with $5.95 per barrel in the corresponding period of the previous year. The company said this figure was before factoring in the impact of the Special Additional Excise Duty and Road and Infrastructure Cess on exports of select petroleum products.
LPG compensation recognised
The Ministry of Petroleum and Natural Gas had conveyed compensation of around ₹7,920 crore to HPCL towards under-recoveries on domestic LPG sales incurred up to March 31, 2025, and expected to be incurred up to March 31, 2026.
According to the exchange filing, the compensation is to be disbursed in 12 equal monthly instalments, with monthly accruals starting November 2025. Accordingly, HPCL recognised six instalments totalling ₹3,960 crore for April-September 2026 and included the amount under 'Sale of Products'.
HPCL's cumulative negative buffer, which remains unrecognised, stood at ₹18,048.82 crore as of September 30, 2026, compared with ₹12,798.67 crore as of March 31, 2026, and ₹14,240.64 crore as of September 30, 2025.
Shares of Hindustan Petroleum Corporation Ltd. (HPCL) ended 1.87% lower at ₹340.80 on Thursday. The stock has declined 5.5% over the past month and is down 31.6% so far this year.
/images/ppid_59c68470-image-179272752807847432.webp)
/images/ppid_59c68470-image-179266002856048809.webp)
/images/ppid_59c68470-image-179267003971922847.webp)
/images/ppid_59c68470-image-179274755374517003.webp)
/images/ppid_59c68470-image-17926825268266845.webp)
/images/ppid_59c68470-image-179275252547772850.webp)
/images/ppid_59c68470-image-179275006524632362.webp)
/images/ppid_59c68470-image-179267753069839033.webp)