Hindustan Petroleum Corporation Limited (HPCL) reported a strong set of standalone results for the quarter ended March 31, 2026, driven by improved refining performance and higher profitability.
Revenue from operations for Q4 FY26 stood at ₹1,24,538.40 crore compared to ₹1,19,133.23 crore in the corresponding quarter last year, registering a growth of 4.5% year-on-year.
The company posted a net profit of ₹4,901.50 crore for the March quarter, up 46.1% from ₹3,354.98 crore reported in Q4 FY25.
At the operating level, EBITDA stood at ₹8,978.43 crore in Q4 FY26 compared to ₹5,796.66 crore in the corresponding quarter previous year, reflecting a growth of 54.9% YoY. EBITDA margin improved to 7.82% from 5.29%, after excluding excise duty from revenue and expenses for calculation purposes.
Profit before tax for the quarter came in at ₹6,549.84 crore against ₹4,304.43 crore in the year-ago period. Earnings per share (EPS) rose to ₹23.04 from ₹15.77 in Q4 FY25.
HPCL reported an average Gross Refining Margin (GRM) of US$ 8.79 per barrel for the year ended March 31, 2026, compared to US$ 5.74 per barrel in the previous financial year. The company stated that the GRM figure is before factoring in the impact of Special Additional Excise Duty and Road & Infrastructure Cess on exports of select petroleum products.
Operationally, crude throughput during the quarter stood at 6.43 MMT compared to 6.74 MMT in the corresponding quarter last year. Domestic market sales came in at 12.43 MMT against 12.11 MMT in Q4 FY25, while pipeline throughput stood at 6.48 MMT compared to 6.61 MMT a year ago.
The board of directors has recommended a final dividend of ₹19.25 per equity share of face value ₹10 each for FY26. This is in addition to the interim dividend of ₹5 per equity share already paid during the financial year.
HPCL is one of India’s leading public sector oil refining and marketing companies with operations across refining, pipelines, fuel retailing and petroleum product distribution.