Mumbai: Hindustan Petroleum Corporation Limited (HPCL), one of India’s leading Maharatna oil and gas companies, announced its audited standalone financial results for the quarter and financial year ended March 31, 2026. The company posted a strong financial and operational performance, supported by record refinery throughput, healthy marketing growth, and improved refining margins.
The Board of Directors also recommended a final dividend of ₹19.25 per equity share for FY26, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The record date for the dividend has been fixed as August 14, 2026.
HPCL FY26 Financial Highlights
HPCL delivered a remarkable improvement in profitability during FY26. The company reported a standalone Profit After Tax (PAT) of ₹17,175 crore, registering a massive 133% growth compared to ₹7,365 crore in FY25.
Key FY26 Numbers
- PAT: ₹17,175 crore
- Profit Before Tax (PBT): ₹22,907 crore
- Revenue from Operations: ₹4,78,543 crore
- EBITDA: ₹33,182 crore
- Gross Refining Margin (GRM): US$ 8.79 per barrel
The company’s consolidated PAT for FY26 stood at ₹18,047 crore, reflecting strong performance across its operations.
Read also: Leadership Updates: HPCL Appoints Sitaram G. Taparia as Chief Risk Officer, Effective May 1, 2026
HPCL Q4 FY26 Results
For the January–March 2026 quarter, HPCL reported solid year-on-year growth in earnings.
Q4 FY26 Performance
- PAT: ₹4,902 crore
- PBT: ₹6,550 crore
- Revenue from Operations: ₹1,23,602 crore
- EBITDA: ₹9,915 crore
- GRM: US$ 14.27 per barrel
The quarterly PAT increased by nearly 46% year-on-year, supported by higher refining margins and strong operational efficiency.
HPCL Declares Final Dividend for FY26
HPCL’s Board recommended a final dividend of ₹19.25 per equity share with a face value of ₹10 each.
Dividend Details
- Final Dividend: ₹19.25 per share
- Record Date: August 14, 2026
- Dividend Payment: Within 30 days of AGM approval
This final dividend comes in addition to the ₹5 interim dividend already paid during FY26, highlighting the company’s commitment to rewarding shareholders.
Record Refinery Throughput Boosts Operational Performance
HPCL achieved its highest-ever refinery throughput of 26.04 MMT during FY26, marking a 3% increase compared to the previous financial year.
Refinery Operational Highlights FY26
- Crude Throughput: 26.04 MMT
- Capacity Utilization: 106.3%
- Distillate Yield: 75.8%
- High Sulphur Crude Share: 62.1%
The company’s Visakh and Mumbai refineries operated above nameplate capacities, demonstrating strong operational reliability.
Q4 FY26 Refinery Highlights
- Crude Throughput: 6.43 MMT
- Capacity Utilization: 106.6%
- Distillate Yield: 73.1%
Strong Marketing and Sales Growth
HPCL continued to strengthen its marketing business with steady growth in domestic and export sales.
FY26 Domestic Sales Volume
- Petrol (MS): 10.34 MMT
- Diesel (HSD): 20.72 MMT
- LPG: 9.41 MMT
- ATF: 1.16 MMT
- Bitumen: 1.70 MMT
Total Sales
- Domestic Sales: 48.53 MMT
- Exports: 2.92 MMT
- Total Sales Volume: 51.45 MMT
The company recorded a 3.3% year-on-year increase in total sales volumes.
HPCL Continues Strategic Investments and Green Energy Expansion
HPCL maintained a strong focus on future growth and sustainability during FY26.
Major Developments
- Capex during FY26: ₹15,705 crore
- Progress in HPCL Rajasthan Refinery Limited (HRRL), with crude processing trials commencing
- Commissioning of a new Compressed Bio-Gas (CBG) plant
- Solarization of 829 additional retail outlets
- Total solarized outlets reached 23,824 locations
The company also signed multiple strategic MoUs aimed at expanding renewable energy initiatives, circular economy projects, and sustainable aviation fuel collaboration.
Debt Position and Financial Ratios
HPCL maintained stable financial metrics despite global volatility in crude oil and currency markets.
Key Financial Indicators
- Debt Level: ₹47,599 crore
- Debt-Equity Ratio: 0.80x
- Net Worth: ₹59,847 crore
- Interest Coverage Ratio: 8.40x
- Operating Margin: 4.88%
- Net Profit Margin: 3.59%
The company reported an exchange fluctuation loss of ₹2,491 crore during FY26.
About Hindustan Petroleum Corporation Limited
Hindustan Petroleum Corporation Limited is a Maharatna Central Public Sector Enterprise engaged in refining crude oil, marketing petroleum products, pipeline transportation, and renewable energy initiatives. The company operates major refineries in Mumbai and Visakhapatnam and has a strong nationwide network of fuel stations, LPG distribution, aviation fuel services, and lubricant businesses. HPCL continues to expand its presence in clean energy, biofuels, and sustainable infrastructure projects as part of its long-term growth strategy.
