Hindustan Petroleum Corporation Limited (HPCL) on Tuesday, May 6, reported an 18% year-on-year rise in standalone net profit to Rs. 3,355 crore for the fourth quarter of FY 2024–25, compared to Rs. 2,843 crore in the same quarter of the previous fiscal year.
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The total income for the January–March 2025 quarter, however, fell 2.7% to Rs. 1,19,126 crore, down from Rs. 1,22,386 crore in Q4 FY24.
Despite the profit growth, the company revealed a negative buffer of Rs. 10,894.53 crore due to the gap between the market-determined price (MDP) and effective consumer cost (ECC) of LPG cylinders. HPCL stated that the Ministry of Petroleum and Natural Gas (MoPNG) has directed oil marketing companies (OMCs) to retain this difference in a buffer account for future adjustments. In the absence of Government of India authorisation, HPCL has not recognised the receivables or revenue related to this gap.
On the operational front, crude throughput rose to 6.74 million metric tonnes (MMT) from 5.84 MMT in the same period last year. Domestic market sales increased to 12.11 MMT, compared to 11.80 MMT in Q4 FY24. Export sales rose marginally to 0.59 MMT from 0.53 MMT year-on-year.
HPCL’s board declared a dividend of Rs. 10.50 per share for FY25. The record date to determine shareholders’ eligibility for the dividend has been set as August 14, 2025.
According to Trendlyne data, HPCL has issued a total equity dividend of Rs. 11 per share over the past 12 months, with a dividend yield of 2.77%. The last declared dividend was also Rs. 11, with a record date of August 9, 2024.
Ahead of the earnings announcement, HPCL’s share price fell by 3.3% to close at Rs. 396.90 on the BSE.
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