Mumbai: Hindustan Petroleum Corporation Limited (HPCL) has reported its financial and operational performance for the third quarter and the first nine months of the fiscal year 2025-26, ending December 31, 2025.
In the financial domain, HPCL generated a revenue of Rs. 3,54,941 crore over the nine-month period, with the third quarter contributing Rs. 1,24,483 crore. The profit before tax (PBT) stood at Rs. 16,357 crore for the nine months, with the quarter accounting for Rs. 5,413 crore. Net profit after tax (PAT) was reported at Rs. 12,274 crore for the nine months, and Rs. 4,072 crore for the quarter.
Earnings before interest, tax, depreciation, and amortization (EBITDA) reached Rs. 23,267 crore over the nine months, with Rs. 7,706 crore recorded in the third quarter. Notably, the company faced a net exchange fluctuation loss of Rs. 1,042 crore over the nine months and Rs. 244 crore during the quarter. Interest expenses were noted at Rs. 2,184 crore for the nine-month period and Rs. 674 crore for the quarter, partially offset by interest income of Rs. 164 crore and Rs. 57 crore respectively.
The company’s debt level remained consistent at Rs. 48,713 crore. HPCL held government securities and oil bonds with a face value of Rs. 3,231 crore. The gross refining margin (GRM) before export cess was reported at $6.91 per barrel over the nine months and improved to $8.85 per barrel in the third quarter.
On the operational front, refinery throughput was 19.61 million metric tonnes (MMT) over the nine months, with the third quarter processing 6.38 MMT. The capacity utilization was impressively high at 106.2% over the nine months and slightly lower at 103.2% in the quarter. The distillate yield was 76.7% for the nine months and improved to 78% in the quarter.
Pipeline operations moved 19.06 MMT of products in the nine months and 6.24 MMT in the quarter. In marketing operations, domestic sales of petroleum products totaled 36.10 MMT over the nine months and 12.68 MMT in the quarter, with exports accounting for 2.35 MMT and 0.66 MMT respectively, culminating in total sales of 38.45 MMT over the nine months and 13.34 MMT in the quarter.
This detailed performance analysis highlights HPCL’s robust operational capabilities and financial resilience during the period in review.
