Hindustan Petroleum Corporation Limited (HPCL) announced a stellar performance for the quarter ended June 30, 2025 (Q1 FY26), posting robust growth across operational and financial metrics. The company achieved significant milestones in refining output, sales volume, strategic projects, and sustainability initiatives, reinforcing its commitment to operational excellence and long-term growth.
Financial Highlights: A Breakout Quarter
HPCL delivered a remarkable 1128% year-on-year increase in Profit After Tax (PAT), underscoring its strong financial turnaround.
*Revenue from Operations: ₹1,20,135 crore (vs. ₹1,20,878 crore in Q1 FY25)
*Gross Refining Margin (GRM): US$ 3.08/bbl (vs. US$ 5.03/bbl in Q1 FY25)
*Standalone PAT: ₹4,371 crore (vs. ₹356 crore in Q1 FY25)
*Consolidated PAT: ₹4,111 crore (vs. ₹634 crore in Q1 FY25)
Refining Performance: Record Throughput and Efficiency
HPCL’s refineries posted a crude throughput of 6.66 MMT, registering a 15.6% YoY growth, with an impressive average capacity utilization of 109%. Visakh Refinery achieved its highest-ever quarterly throughput of 4.16 MMT at 111% capacity. Mumbai Refinery processed 2.50 MMT at 106% capacity. Refineries recorded best-ever fuel and loss performance at 6.88 wt%. Four new crude grades (three imported, one indigenous) were successfully processed during the quarter.
R&D and Innovation: Driving Future Value
HPCL’s Green R&D Centre (HPGRDC), Bengaluru, signed a global licensing agreement with Pacific Industrial Development Corporation for manufacturing and marketing of HP-NanoPro. As of June 30, 2025, HPGRDC filed 669 patents, with 259 granted.
Capital Projects and Strategic Investments
HPCL continued to make significant progress on strategic projects and infrastructure development.
*Q1 FY26 Capex: ₹2,860 crore, focused on refining, marketing, and JV investments
*Barmer Refinery & Petrochemical Project (HRRL):
*Total Project Commitment: ₹72,814 crore
*Capex Incurred: ₹59,287 crore
*Overall Progress: 88%; Crude-in to CDU expected in 2025
*OISD audits initiated
Visakh Residue Upgradation Facility (RUF):
*Pre-commissioning completed
*PESO approval secured in April 2025
*Commissioning expected in coming weeks
Mangalore LPG Cavern (India’s Largest – 80 TMT Capacity):
*PESO approval obtained; awaiting PCB clearance for gas-in
Network Expansion: Strengthening Reach
HPCL aggressively expanded its footprint during the quarter:
*Retail Outlets Commissioned: 154 (Total: 23,901)
*New LPG Distributors: 6 (Total: 6,384)
*CGD Pipeline Infrastructure:
*711 inch-km of steel pipeline
*164 km of MDPE pipeline laid
*8,024 domestic PNG connections (Total: 1,24,484)
F*irst-ever Lubricants supply to Indonesia, expanding international presence
Strategic Programs and Digital Initiatives
Project Samriddhi: Launched in May 2025, this ambitious program targets EBITDA enhancement through cost and margin improvements, with a goal of $0.50/bbl margin uplift across total sales. Benefits are already being realized across SBUs.
Project Abhyuday: Focused on improving retail outlet throughput, enhancing asset productivity and efficiency.
Digital Transformation:
*Cloud-based CRM
*Central Energy Monitoring System
*Hyperlocal Search Marketing
These tech-driven initiatives are boosting operational efficiency and customer engagement.
Sustainability and Energy Transition
HPCL remains committed to green energy and decarbonization efforts.
Compressed Biogas (CBG):
*One new CBG plant commissioned under SATAT, taking the total to 16
*Nineteen new Letters of Intent issued; 127 active LOIs with a combined capacity of 311.5 TMT
Renewables:
*Achieved 5.6 MWp mechanical completion for Delhi Greening Project
Retail Energy Transition:
*CNG Outlets: 33 new (Total: 2,071)
*Solarized Retail Outlets: 90 added (Total: 22,443), now 94% solar-powered
Awards and Recognition
HPCL was honoured with several prestigious awards during the quarter:
*‘Masters of Risk’ Award – PSU Large Cap category, IRMA 2024-25
*Gold Award for ‘Best CSR Practice’ – ISDA Infracon National Awards 2025
*‘Climate Leadership’ Award – Business Today’s Most Sustainable Companies Summit 2025
A Strong Start to FY26
As per the press release, with significant momentum in refining, marketing, innovation, and sustainability, HPCL has laid a strong foundation for the rest of FY26. Continued focus on strategic investments, digital transformation, and green energy is expected to drive long-term growth and stakeholder value.
