HPCL Reports Strong Q3FY26 Performance with 35% Jump in Net Profit to ₹4,072 Crore

Hindustan Petroleum Corporation Limited has delivered impressive financial results for the quarter ended December 31, 2025, demonstrating strong operational performance across key business segments. The state-owned oil marketing company reported substantial growth in profitability while maintaining robust revenue generation.

Financial Performance Highlights

The company's financial performance showed remarkable improvement across all key metrics during Q3FY26:

Metric	Q3FY26	Q3FY25	Growth (%)
Total Income	₹1,25,169.47 cr	₹1,19,408.17 cr	+4.82%
Net Profit	₹4,072.49 cr	₹3,022.90 cr	+34.70%
Profit Before Tax	₹5,412.68 cr	₹4,010.42 cr	+34.95%
Earnings Per Share	₹19.14	₹14.20	+34.79%

For the nine-month period ended December 31, 2025, the company achieved even more impressive results with net profit reaching ₹12,273.73 crore compared to ₹4,009.88 crore in the corresponding previous period, representing a growth of 206.08%.

Revenue Composition and Operational Metrics

HPCL's revenue structure reflects its diversified operations in the petroleum sector. Sale of products constituted the major portion of income at ₹1,23,953.30 crore during Q3FY26, up from ₹1,18,410.37 crore in Q3FY25. Other operating revenue contributed ₹529.93 crore, while other income added ₹686.24 crore to the total income.

The company's physical performance metrics demonstrated operational efficiency:

Parameter	Q3FY26	Q3FY25	Nine Months FY26	Nine Months FY25
Crude Throughput (MMT)	6.38	6.47	19.61	18.53
Domestic Sales (MMT)	12.68	12.32	36.10	35.18
Exports (MMT)	0.66	0.55	2.35	1.94
Pipeline Throughput (MMT)	6.24	6.93	19.06	20.29

Refining Margins and Government Compensation

A significant factor contributing to improved profitability was the enhancement in gross refining margins. The average gross refining margin during April-December 2025 reached US $6.91 per barrel, substantially higher than US $4.73 per barrel during the corresponding previous period.

The Ministry of Petroleum and Natural Gas provided compensation of ₹7,920.00 crore to the corporation towards under-recoveries on domestic LPG sales. This compensation is being disbursed in 12 equal monthly installments starting November 2025, with ₹1,320.00 crore recognized during the reporting period.

Financial Position and Key Ratios

HPCL's financial position remained strong with improved key financial ratios:

Ratio	Q3FY26	Q3FY25
Debt Equity Ratio (Times)	0.89	1.26
Interest Service Coverage Ratio (Times)	8.23	5.44
Net Worth (₹ in Crore)	55,013.70	42,788.90
Operating Margin (%)	4.34%	3.76%
Net Profit Margin (%)	3.27%	2.54%

The company maintained a current ratio of 0.63 times and achieved a debtor turnover of 11.42 times during the quarter. Outstanding debt decreased to ₹48,712.73 crore from ₹54,020.35 crore in the previous year.

Operational Challenges and Management Response

During the quarter, HPCL faced operational challenges when processing crude oil from the B-80 Mumbai Offshore oilfield of Hindustan Oil Exploration Company Limited. The crude oil's high salt and chloride content resulted in unit upsets, contamination of existing crude, and generation of off-specification products. The management has provisionally assessed and appropriately accounted for the impact in the current quarter results.

Source:

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.18%	-4.41%	-8.66%	-0.36%	+19.06%	+178.55%

Hindustan petroleum Corporation Limited has announced significant changes in its senior management structure with the promotion of 9 employees to Executive Director positions. The appointments, effective immediately, were communicated to stock exchanges under Regulation 30 of SEBI listing requirements on January 20, 2026.

Leadership Appointments Across Key Business Divisions

The promotions span across critical operational areas of the oil marketing company, strengthening its management structure at the Executive Director level, which is one level below the Board of Directors. All appointments represent internal promotions, demonstrating the company's commitment to developing talent from within the organization.

Sr. No.	Name	Designation	Educational Background
1	C R Vijaya Kumar	Executive Director – Retail, East Central Zone	BE/B.Tech - Mechanical
2	Manoj Kumar Moharana	Executive Director - Engineering Projects & Facilities Planning	B.Sc. - Civil
3	C V Mallinath	Executive Director - Special Projects (Marketing) & Brand Management	BE/B.Tech - Mechanical
4	Debasish Basak	Executive Director – Retail, HQO	BE/B.Tech - Mechanical, Diploma - Marketing
5	Sanjay Mathur	Executive Director - Industrial & Consumers	BE/B.Tech - Mechanical

Specialized Roles and Technical Expertise

The remaining appointments focus on specialized operational areas including aviation, project management, and refinery operations. These positions require specific technical expertise and operational knowledge.

Sr. No.	Name	Designation	Educational Background
6	Mathew Sibi T	Executive Director – Aviation	BE/B.Tech - Mechanical, Masters - Finance Management
7	A S Reddy	Executive Director - CPO	BE/B.Tech - Civil, M.E. - Structural Engineering, PGD - Financial Management
8	Arvind Shastry	Executive Director - Central Projects (Refineries)	BE/B.Tech - Mechanical, M.Tech. - Industrial Engineering
9	Neeraj K Rai	Executive Director - Mumbai Refinery	B.Sc. - Mechanical

Strategic Management Restructuring

The appointments reflect a comprehensive approach to strengthening leadership across HPCL's diverse business portfolio. The new Executive Directors will oversee operations spanning retail networks, engineering projects, marketing initiatives, aviation fuel business, industrial consumers, and refinery operations. The company has ensured regulatory compliance by informing both BSE Limited and National Stock Exchange of India Limited about these management changes as required under SEBI listing obligations.