Audited Financial Results for the Financial Year ended March 31, 2026
HINDPETRO · price
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HPCL reported exceptional FY26 results with standalone PAT surging 133% to ₹17,175 crore and consolidated PAT jumping 168% to ₹18,047 crore. Revenue grew modestly to ₹4,78,543 crore. Gross Refining Margin improved significantly to US$ 8.79 per barrel from US$ 5.74 per barrel in FY25. Refineries achieved highest-ever throughput of 26.04 MMT (up 3%), while marketing sales volume rose 3.3% to 51.45 MMT. The company maintained strong financial discipline with debt-equity ratio improving sharply from 1.38 to 0.80. Board recommended final dividend of ₹19.25 per share. However, there was a fire incident at HRRL refinery's CDU unit in April 2026, though no casualties occurred and restoration is in progress.
The 133% PAT jump and sharp improvement in leverage indicate strong operational efficiency and higher refining margins, which should be positive for the stock. However, the fire incident at the upcoming HRRL refinery may cause temporary concerns regarding commissioning timelines.