HPCL’s consolidated revenue after tax (PAT) jumped to Rs 3,859 crore in Q2 FY26, in comparison with Rs 143 crore in the identical quarter final yr — marking a large 2,598% year-on-year (YoY) surge.
For the primary half of FY26, consolidated PAT stood at Rs 7,970 crore, up almost tenfold from Rs 777 crore in H1 FY25. On a standalone foundation, quarterly PAT elevated greater than 5 occasions to Rs 3,830 crore, towards Rs 631 crore in Q2 FY25.
Income from operations rose modestly to Rs 1,10,323 crore in Q2 FY26, in comparison with Rs 1,08,196 crore a yr in the past. For the primary half of the fiscal, income stood at Rs 2,30,458 crore, barely increased than Rs 2,29,074 crore in H1 FY25.
The board additionally declared an interim dividend of Rs 5 per share, with November 6 set because the report date for shareholder eligibility.
HPCL’s Gross Refining Margin (GRM) noticed a pointy enchancment to US$ 8.80 per barrel in Q2 FY26, up from US$ 3.12 per barrel in the identical interval final yr.Operationally, the corporate reported report throughput. HPCL processed 6.57 million metric tonnes (MMT) of crude in Q2 FY26, up 4.3% YoY, whereas complete throughput in H1 FY26 reached an all-time excessive of 13.23 MMT, up 9.7% YoY.The Visakh Refinery processed 3.98 MMT at 105% capability, whereas the Mumbai Refinery processed 2.59 MMT at 108% capability. HPCL additionally processed a brand new grade of crude oil through the quarter, taking the whole variety of new grades processed in H1 to 5.
On the advertising entrance, complete gross sales quantity, together with exports, rose 3.9% YoY to 12.07 MMT in Q2 FY26. Home gross sales grew 3.6%, whereas mixed petrol and diesel gross sales elevated 2.8% YoY to 7.07 MMT. Whole LPG gross sales climbed 5.9% YoY to 2.39 MMT.
Pipeline throughput for the quarter stood at 6.12 MMT, and complete H1 FY26 gross sales rose 3.5% YoY to 25.11 MMT, with home gross sales up 2.7% and pipeline throughput at 12.82 MMT.
HPCL’s aviation gasoline enterprise stood out, recording a 6.1% progress in Q2 FY26 — outperforming the business, which noticed a 2% decline throughout the identical interval.
Additionally learn: US Fed cuts charges by 25 bps as govt shutdown casts a shadow on financial outlook
(Disclaimer: Suggestions, solutions, views and opinions given by the specialists are their very own. These don’t symbolize the views of The Financial Instances)
