HPCL Q2 FY27 Results: Consolidated Profit Reaches ₹3,625 Crore As Gross Refining Margin Rises To US$32.15 Per Barrel
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HPCL reported Q2 FY27 consolidated profit after tax of ₹3,625 crore, while revenue from operations rose 26.1% year-on-year to ₹1,39,140 crore. Its gross refining margin increased to US$32.15 per barrel.
Hindustan Petroleum Corporation Limited (HPCL) reported consolidated profit after tax (PAT) of ₹3,625 crore for the July-September quarter of FY27, compared with ₹3,859 crore a year earlier. The company said its refining and marketing divisions delivered resilient performance amid the ongoing West Asia crisis.
Revenue from operations increased to ₹1,39,140 crore from ₹1,10,323 crore in Q2 FY26, while the gross refining margin improved sharply year-on-year.
The HPCL share price closed at ₹340.80 on 22 October 2026 on the National Stock Exchange (NSE), down by 1.87% for the day.
HPCL Q2 Results: Key Highlights
HPCL’s consolidated profit declined around 6.1% year-on-year despite higher revenue from operations. Its gross refining margin (GRM) before export cess rose to US$32.15 per barrel from US$8.80 per barrel in the corresponding quarter last year.
For the first half of FY27, the company reported a consolidated net loss of ₹8,639 crore, compared with a consolidated profit of ₹7,970 crore in H1 FY26. Revenue from operations reached ₹2,84,267 crore, against ₹2,30,458 crore a year earlier. The reported half-year GRM stood at US$27.89 per barrel, up from US$5.95 per barrel.
What Were The Key Refining And Sales Highlights?
HPCL’s refineries processed 6.20 million metric tonnes (MMT) of crude oil in Q2 FY27 and operated at 100% of capacity. The Visakh refinery processed 3.60 MMT, while the Mumbai refinery processed 2.60 MMT.
Sales, including exports, rose 5.5% year-on-year to 12.73 MMT. Combined petrol and diesel sales increased 10% to 7.78 MMT, while liquefied petroleum gas (LPG) sales stood at 2.03 MMT.
What Investments And New Projects Did HPCL Report?
Capital expenditure reached ₹2,085 crore during the quarter and ₹3,819 crore in H1 FY27. The company completed mechanical work on a 201-km LPG pipeline between Haldia and Panagarh and commissioned a fuel farm facility at Bhogapuram Airport.
HPCL also commissioned a blue hydrogen unit at its Visakh refinery, launched a 10-kg composite LPG cylinder and expanded its lubricants business to 35 countries.
Also Read - Cyient Q2 FY27 Results: DET Revenue Rises 15.7% Year-On-Year As Board Declares ₹12 Interim Dividend
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Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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