Hindustan Petroleum Corporation Limited has informed the Exchange that Board of Directors at its meeting held on May 06, 2025, recommended Final Dividend of Rs. 10.5 per equity share.
HINDPETRO · price
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On the reaction day the stock moved 1.6 pts less than Nifty Midcap 150 and 0.9 pts less than its Refineries & Marketing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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HPCL's Board has recommended a final dividend of Rs. 10.50 per equity share (on face value of Rs. 10) for FY2024-25, subject to shareholder approval at the upcoming AGM. The record date for the dividend is fixed as August 14, 2025, with payment to be made within 30 days of the AGM declaration. The Board also approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, with statutory auditors issuing an unmodified opinion. For FY25, standalone net profit fell sharply to Rs. 7,364.86 crore from Rs. 14,693.83 crore in FY24, while revenue rose modestly to Rs. 4.68 lakh crore. Average Gross Refining Margin (GRM) dropped to USD 5.74/barrel from USD 9.08/barrel in the previous year, reflecting weaker refining profitability.
The final dividend of Rs. 10.50 per share rewards shareholders despite a sharp drop in annual profits, signalling management's commitment to shareholder returns. However, the steep profit decline driven by lower GRMs and rising LPG buffer losses (negative buffer of Rs. 10,894.53 crore) could weigh on near-term investor sentiment, even as crude throughput and domestic sales volumes grew.