By: ICN Bureau
Last updated : August 08, 2025 10:31 am
The state-refiner's income from operations stood at Rs 1,20,135 crore
Hindustan Petroleum Corporation (HPCL) on Thursday reported a 1,128% jump in its Q1 standalone net profit to Rs 4,371 crore compared to Rs 355 crore in the year ago period.
The state-refiner's income from operations stood at Rs 1,20,135 crore which was marginally down 0.6% versus Rs 1,20,878 crore posted in the corresponding quarter of the last financial year.
HPCL's consolidated profit after tax (PAT) stood at Rs 4,111 crore versus Rs 634 crore in Q1FY25, witnessing a 548% jump.
Gross Refining Margin (GRM) reported at US$ 3.08 per barrel (US$ 5.03 per barrel in Q1 FY25).
The quarter also marked significant progress in capital projects at refineries and the launch of new initiatives aimed at strengthening profitability. HPCL has increased its refinery output significantly on back of the recent expansion projects, and also continues to increase its sales volume. Refineries recorded
quarterly throughput of 6.66 MMT registering a year-on-year growth of 15.6%, and an average utilisation of 109%. The Market sales volume of 13.04 MMT (including exports) for the quarter were at a record high, representing a growth of 3.2%. Visakh Refinery registered highest-ever quarterly crude throughput of 4.16 MMT operating at 111% of its name plate capacity. Mumbai Refinery registered quarterly throughput of 2.50 MMT operating at 106% of its name plate capacity. HPCL’s refineries achieved best-ever performance in Fuel & Loss: 6.88% (wt %). Four new crude grades (three imported and one indigenous) were processed in Q1 FY26.
The company signed 5-year agreement with the National Centre for Polar and Ocean Research (NCPOR) for supply of ATF, Marine Gas Oil and Lubricants for India’s Antarctic expeditions.
HP Green R&D Centre (HPGRDC), Bengaluru has signed a license agreement with Pacific Industrial Development Corporation for manufacturing and marketing of HP-NanoPro worldwide. As of 30th June 2025, HPGRDC has filed a total number of 669 patents, out of which 259 have been granted.
HPCL’s total Capex in Q1 FY26 stood at 2,860 crore, mainly focused on strengthening refining and marketing infrastructure, including investments in subsidiaries and joint ventures. For Barmer Refinery & Petrochemical Project (HRRL), the Capex incurred is at Rs. 59,287 crore against the total commitment of Rs. 72,814 crore. HRRL achieved overall progress of 88%.