HPCL reports INR 3,625 crore profit. HPCL stock stays down 31.65 percent in 2026

Published on 10/25/2026 at 02:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HPCL returned to profit with INR 3,625.22 crore in Q2 FY27, down 6.1 percent year on year. HPCL stock is down 31.65 percent in 2026.

Profit recovery meets refinery strain

HPCL reported INR 3,625.22 crore in consolidated profit for the second quarter of FY27 on October 22, 2026.
Revenue reached INR 139,140 crore in the second quarter of FY27, up 26.1 percent year on year.
HPCL stock was down 31.65 percent in 2026 as of October 22, 2026.

HPCL, INE094A01015, Illustration mit AI erstellt.

HPCL (INE094A01015) returned to profitability with consolidated net profit of INR 3,625.22 crore in the second quarter of fiscal year 2027, although profit fell 6.1 percent year on year. The Economic Times reported the results on October 22, 2026.

Revenue rose 26.1 percent

Revenue from operations reached INR 139,140 crore in the second quarter of fiscal year 2027, compared with INR 110,323 crore a year earlier. Gross refining margin before export cess rose to USD 32.15 per barrel from USD 8.80 per barrel, while refinery throughput reached 6.20 million metric tonnes at full combined capacity, according to The Economic Times.

What does the margin recovery mean?

The earnings rebound was substantial sequentially: HPCL had reported a consolidated loss of INR 12,264.67 crore in the first quarter of fiscal year 2027. The counterweight is fuel-market pressure. Reuters reported on October 23, 2026, that freight rates doubled from July to September compared with the previous quarter and that HPCL was increasingly buying crude on a delivered basis.

Three recent milestones

On October 3, 2026, refinancing became effective for about INR 50,000 crore of Rajasthan refinery debt, with annual interest savings targeted at INR 1,000 crore, Business Standard reported. On October 22, 2026, HPCL published its second-quarter results, and on October 23, 2026, management discussed higher LPG under-recoveries and delivered crude purchases with Reuters.

HPCL stock last stood at INR 338.30 on the NSE on October 23, 2026, while its 2026 decline was 31.65 percent as of October 22, 2026. The company had a market capitalization of INR 608.0 billion on October 22, 2026.