Hindustan Petroleum Corporation Ltd (HPCL) reported a strong Q3FY26 performance with a standalone net profit of ₹4,072 crore. The company’s average Gross Refining Margin (GRM) for April–December stood at $6.91 per barrel, while product sales reached ₹1.24 trillion. Improved refining economics and higher volumes drove the earnings surge.
Hindustan Petroleum Corporation Ltd (HPCL) has delivered a robust financial performance for the third quarter of FY26, reflecting operational strength and favorable refining margins. The company reported a standalone net profit of ₹4,072.49 crore, marking a 34.7% year-on-year growth from ₹3,022.90 crore in Q3FY25.
The average Gross Refining Margin (GRM) for the April–December 2025 period stood at $6.91 per barrel, supported by improved product spreads and efficient crude sourcing. HPCL’s sales of petroleum products during the quarter reached ₹1.24 trillion, underscoring strong demand and distribution efficiency.
This performance highlights HPCL’s resilience amid volatile global energy markets and its ability to capitalize on refining economics and downstream integration.
Key Highlights:
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Net Profit (Standalone): ₹4,072.49 crore in Q3FY26
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GRM (April–December): $6.91 per barrel
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Sales of Products: ₹1.24 trillion
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YoY Profit Growth: 34.7%
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Revenue from Operations: ₹1,25,169 crore
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Drivers: Strong refining margins, higher volumes, LPG compensation
HPCL’s results reinforce its strategic positioning in India’s energy landscape, with continued focus on operational efficiency and market responsiveness.
Sources: InvestyWise, PSU Connect, CNBC TV18