Hindustan Petroleum Corporation Limited (HPCL), a major player in India's oil and gas sector, has announced significant financial expectations and targets, signaling a strategic focus on growth and recovery.

Under Recovery Payments and EBITDA Target

HPCL has shared its financial outlook, highlighting two key aspects:

The company expects to receive ₹7920.00 crore in under recovery payments over the next 12 months. Notably, ₹3300.00 crore of this amount is projected to impact the financial year 2026 (FY26).

Understanding Under Recovery

Under recovery in the oil and gas sector typically refers to the financial losses incurred by oil marketing companies when they sell fuel below the market price. The government often compensates these companies for such losses, which is likely the case with HPCL's expected payments.

Ambitious EBITDA Target

In a move that underscores its growth aspirations, HPCL has set a target to achieve an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of ₹40000.00 crore. This target reflects the company's confidence in its operational efficiency and market position. However, the specific timeline for achieving this EBITDA goal has not been disclosed.

Recent Corporate Updates

While not directly related to the financial targets, it's worth noting that HPCL has recently announced changes in its senior management. As per the company's LODR (Listing Obligations and Disclosure Requirements) filing:

• Shri Ganesh P Gaikwad, who held the position of Executive Director - CPO, has superannuated effective November 01, 2025.

This change in the senior leadership team may have implications for the company's strategic direction and operational execution as it works towards its financial goals.

Investor Communication

Hindustan Petroleum continues to maintain transparency with its investors. The company recently held a conference call on October 31, 2025, to discuss its quarterly results. The audio recording of this call has been made available on the company's website, allowing investors and analysts to gain deeper insights into HPCL's performance and future outlook.

As Hindustan Petroleum navigates the complex landscape of the oil and gas industry, its financial targets and management changes will be closely watched by investors and industry observers alike. The company's ability to achieve its ambitious EBITDA target while managing under recovery payments will be crucial in determining its financial health and market position in the coming years.

Hindustan Petroleum Corporation Limited (HPCL), a leading Indian oil and gas company, has announced a significant change in its senior management team. The company has informed the stock exchanges BSE and NSE about the retirement of Shri Ganesh P Gaikwad, who held the position of Executive Director - CPO (Chief People Officer).

Key Details of the Management Change

This senior management transition was communicated to the stock exchanges as per regulatory requirements, specifically in accordance with Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additional Corporate Updates

In related news, HPCL has also announced:

1. The availability of an audio recording from a recent conference call held on October 31, 2025. This recording, which likely contains discussions on the company's financial performance and strategic outlook, is now accessible to investors and analysts.

2. An upcoming participation in the Nirmal Bang Institutional Equities Annual Investor Conference. The event is scheduled for November 07, 2025, in Mumbai, where HPCL's senior management team will be present.

These corporate actions underscore HPCL's commitment to maintaining transparent communication with its investors and the broader financial community. As the company navigates this leadership transition, stakeholders will be observing any potential impacts on HPCL's operations and strategic direction in the coming months.