Hindustan Zinc has announced a significant board-level appointment with Mr. Sandeep Vasant Kadam being named as the new Part-Time Official Director. This strategic leadership change will take effect from January 19, 2026, marking an important transition in the company's directorial structure.

Leadership Transition Details

The appointment involves Mr. Kadam assuming the Part-Time Official Director position currently held by Mr. Dinesh Mahur. The transition is scheduled for January 19, 2026, providing adequate time for a smooth handover of responsibilities.

Board Governance Framework

This appointment reflects Hindustan Zinc's commitment to maintaining robust board governance and ensuring continuity in its directorial oversight. Part-Time Official Directors play a crucial role in providing strategic guidance while maintaining operational independence.

The planned nature of this transition, with the effective date set well in advance, demonstrates the company's structured approach to board succession planning and governance continuity.

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:

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:

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:

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.

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