Hindustan Petroleum Corporation Limited (HPCL) has reported a resilient operational performance for the quarter ended June 30, 2026, navigating the challenges posed by the ongoing West Asia crisis while maintaining robust refining and marketing operations.

 

HPCL’s revenue from operations surged to Rs. 1,45,126 crore in Q1 FY27, compared with Rs. 1,20,135 crore in the corresponding quarter of FY26, reflecting sustained business momentum.

 

The company’s refining performance remained a key highlight during the quarter, with HPCL’s refineries processing 6.52 million metric tonnes (MMT) of crude oil, operating at 107% of installed capacity.

 

The Visakh Refinery processed 3.97 MMT of crude oil at 106% capacity utilisation, while the Mumbai Refinery processed 2.55 MMT at 108% capacity utilisation. During the quarter, HPCL refineries also successfully processed two new grades of crude oil, further strengthening operational flexibility.

 

HPCL recorded a Gross Refining Margin (GRM) before Export Cess of US$23.80 per barrel in Q1 FY27, significantly higher than US$3.08 per barrel in Q1 FY26.

 

However, the company’s financial results were impacted by market conditions and geopolitical disruptions. 

 

HPCL reported a standalone net loss of Rs. 11,526 crore in Q1 FY27, compared with a Profit After Tax (PAT) of Rs. 4,371 crore in the same period last year. On a consolidated basis, the company posted a net loss of Rs. 12,265 crore, against a PAT of Rs. 4,111 crore in Q1 FY26.

 

Despite the challenging environment, HPCL highlighted its ability to sustain operational efficiency and maintain strong refining performance, demonstrating resilience amid global uncertainties.