Hindustan Petroleum Corporation Limited (HPCL) announced its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27) through a regulatory filing to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance
- Revenue from Operations: ₹1,45,126 crore in Q1 FY27 (compared to ₹1,20,135 crore in Q1 FY26)
- Gross Refining Margin (before Export Cess): US$23.80 per barrel in Q1 FY27 (compared to US$3.08 per barrel in Q1 FY26)
- Standalone Profit/Loss After Tax: Net loss of ₹(11,526) crore in Q1 FY27 (compared to PAT of ₹4,371 crore in Q1 FY26)
- Consolidated Profit/Loss After Tax: Net loss of ₹(12,265) crore in Q1 FY27 (compared to PAT of ₹4,111 crore in Q1 FY26)
The performance reflects the impact of the ongoing West Asia crisis alongside HPCL's resilient performance on refining and marketing operations.
Operational Performance
Refining Performance:
- Crude throughput of 6.52 MMT during Q1 FY27, operating at 107% of capacity
- Visakh Refinery: 3.97 MMT crude throughput (106% of capacity)
- Mumbai Refinery: 2.55 MMT crude throughput (108% of capacity)
- Processed 2 new grades of crude oil during the quarter
Marketing and Sales Performance:
- Total sales (including exports): 13.12 MMT in Q1 FY27 (0.6% YoY increase)
- Domestic sales growth: (0.1)%
- Combined sale of Petrol (MS) and Diesel (HSD): 8.8 MMT (8.1% YoY increase)
- Total LPG sales: 1,729 TMT
- Pipeline Throughput: 6.61 MMT
Network Expansion (as of June 30, 2026):
- Retail Outlets: 25,160
- LPG Distributors: 6,391
- PNG Connections: 54,586
- CGD Network in Q1 FY27: 598 inch-km of steel pipeline laid (Total: 15,537 inch-km), 693 inch-km of MDPE pipeline laid (Total: 8,399 inch-km)
Strategic Investments and Infrastructure Development
- Capital Expenditure: ₹1,734 crore in Q1 FY27 focused on strengthening refining and marketing infrastructure, including investments in subsidiaries and joint venture companies
- HPCL Rajasthan Refinery Limited (HRRL):
- Scheduled commercial operation declared on June 22, 2026
- Refinery dedicated to the Nation by Hon'ble Prime Minister of India on July 4, 2026
- Received in-principle approval from Gujarat Maritime Board for all weather operations of HPLNG Chhara Terminal
New Initiatives
- Samriddhi 2.0: Enterprise-wide EBITDA improvement program targeting ₹1,500 crore improvement, with ₹1,000 crore targeted as accrual for FY27 (follows Samriddhi 1.0 which delivered ₹1,691 crore accruals in FY26)
- HP Green R&D Centre: Filed 787 patents total, with 320 granted as of June 30, 2026
- Non-Fuel Business: Strategic partnerships with Burger King, Travel Food Services, Devyani International, FoodMojo, Chai Fast, Araku Coffee, SARAS and Safal
- Vehicle Care Centres: Collaboration with Petromin to create 1,000 Quick Vehicle Care Centres over next 3 years, targeting 100 centres in FY27
- Project Abhyuday 2.0: Initiative to drive volume growth and secure market leadership at 4,928 retail outlets through modernization and infrastructure upgrades
- Digital Transformation: Enterprise-wide program leveraging AI, Agentic AI, Advanced Analytics, Digital Twins, Industrial IoT, Cloud Platforms, Computer Vision, Robotics & Drones, and Intelligent Process Automation
Sustainability and Energy Transition (as of June 30, 2026)
- CNG Outlets: 2,289
- Solarized Retail Outlets: 23,928 (95% of outlets powered by renewables)
- EV Charging Stations: 5,806
- Commissioned solar projects at Jalgaon (10.4 MWp) and Jhansi (6.5 MWp) during the quarter
Awards and Accolades
- SKOCH Award 2026 for HP Pay and Hyper Local Search Marketing initiatives
- 'Collaboration & Partnership for Impact' award at FICCI's Global Symposium on Resource Efficiency & Circular Economy
- 'Best in Class Supply Chain', 'Best in Class Productivity Improvement Through Supply Chain' and 'Inspirational Leaders Award 2026' at Express Logistics & Supply Chain Conclave 2026
- 5th Edition Brand of the Year Award 2026-27 in association with India Today and Business Standard