Investment News · 23 October 2026 · 2 min read
In short: Hindustan Petroleum (HPCL) reported a net profit of ₹3,625 crore for July to September 2026, 6% lower than a year ago. Revenue rose 26% to ₹1.39 lakh crore. The company is back in profit after a ₹12,265 crore loss in April to June, but is still down ₹8,639 crore for the first half of the year.
Key numbers
| Jul–Sep 2026 | Jul–Sep 2025 | |
|---|---|---|
| Net profit | ₹3,625 crore | ₹3,859 crore |
| Revenue | ₹1,39,114 crore | ₹1,10,397 crore |
| Profit before tax | ₹6,820 crore | ₹5,131 crore |
| Tax | ₹3,195 crore | ₹1,272 crore |
| Earnings per share | ₹17.04 | ₹18.14 |
What is going on
- Higher tax ate the gain: profit before tax rose 33%, but the tax bill more than doubled, so net profit fell.
- Refining is very profitable: HPCL earned an average of $27.89 for each barrel it refined in April–September, against $5.95 a year ago, before export duties.
- Cooking gas is a drag: with crude near $114, HPCL sells household LPG below cost. The government paid ₹3,960 crore in compensation, but HPCL is still carrying about ₹18,049 crore of LPG losses not yet covered.
Oil marketing companies like HPCL, BPCL and Indian Oil tend to struggle when crude prices rise fast, because retail fuel and LPG prices are not raised at the same pace. BPCL reports its results today.
Sources
- Free Press Journal: HPCL Q2 FY27 net profit falls 6% (22 October 2026)
- Indian Masterminds: HPCL Q2 FY27 results
This is a news summary for education, not investment advice. Figures are as reported on or before 23 October 2026 and may change during the day; check official filings before making decisions.