Mumbai : Hindustan Petroleum Corporation Limited (HPCL) today announced its financial results for the quarter ended June 30, 2026.

The performance reflects the impact of the ongoing West Asia crisis and also HPCL’s resilient performance on refining and marketing even in these challenging times.

Financial Performance

Revenue from Operations

  • Q1 FY27: ₹ 1,45,126 crore (₹ 1,20,135 crore in Q1 FY26)

Gross Refining Margin before Export Cess (GRM)

  • Q1 FY27: US$ 23.80 per barrel (US$ 3.08 per barrel in Q1 FY26)

Standalone Profit/Loss After Tax

  • Q1 FY27: Net Loss ₹ (11,526) crore (PAT ₹ 4,371 crore in Q1 FY26)

Consolidated Profit/Loss After Tax

  • Q1 FY27: Net Loss ₹ (12,265) crore (PAT ₹ 4,111 crore in Q1 FY26)

Operational Performance Refining Performance:

Refineries recorded crude throughput of 6.52 MMT during 1QFY27, operating at 107% of the capacity.

  • Visakh Refinery registered crude throughput of 3.97 MMT, operating at 106 % of its capacity o Mumbai Refinery registered crude throughput of 2.55 MMT, operating at 108 % of its capacity · During the quarter, 2 (two) new grades of crude oil were processed by the refineries.

Marketing and Sales Performance: Sales Volume:

1QFY27 Sales (including exports): 13.12 MMT (↑ 0.6 % YoY)

  • Domestic Sales Growth: (0.1) %
  • Combined sale of Petrol (MS) and Diesel (HSD): 8.8 MMT (↑8.1% YoY)
  • Total LPG sales: 1,729 TMT
  • Pipeline Throughput: 6.61 MMT

Strategic Investments and Infrastructure Development

Capex in 1QFY27: ₹ 1,734 crore – focused on strengthening refining and marketing infrastructure, including investments in subsidiaries and joint venture companies to build additional capacities, new business lines and improving operating efficiencies.

HPCL Rajasthan Refinery Limited (HRRL)

  • Scheduled Commercial operation was declared on 22nd June 2026.
  • The refinery was dedicated to the Nation by Hon’ble Prime Minister of India on 4th July 2026.

Received in-principle approval from Gujarat Maritime Board for all weather operations of HPLNG Chhara Terminal.

Network Expansion and Outreach

Retail Outlets as on 30th June 2026: 25,160

LPG Distributors as on 30th June 2026: 6,391

PNG Connections as on 30th June 2026: 54,586

CGD Network in Q1 FY27:

  • 598 inch-km of steel (Total: 15,537 inch-km), and 693 inch-km of MDPE (Total: 8399 inch-km) pipeline laid.

New Initiatives

  • Samriddhi 2.0 – In FY26, HPCL had launched Samriddhi 1.0, a structured EBITDA improvement programme, which delivered accruals of the order of ₹1,691 Crore for the Company. Building on this success, HPCL has now launched Samriddhi 2.0, an enterprisewide programme targeting at an EBITDA improvement by ₹1,500 Crore, out of which ₹1,000 Crore is targeted as accrual for FY27.
  • As of 30th June 2026, HP Green R&D Centre (HPGRDC) has filed a total number of 787 patents, out of which 320 have been granted.

Non-Fuel Business:

  • HPCL signed strategic partnerships with Burger King, Travel Food Services, Devyani International, FoodMojo, Chai Fast, Araku Coffee, SARAS and Safal to strengthen the Non-fuel Business portfolio.
  • HPCL, in collaboration with Petromin, is creating a network of world-class Quick Vehicle Care Centres at its Retail Outlets to enhance customer convenience. HPCL has envisaged the development of 1,000 such Vehicle Care Centres across the country over the next 3 years, with a target of commissioning 100 centres during FY27.
  • Project Abhyuday 2.0 – a key initiative launched to drive volume growth and secure market leadership at select 4,928 retail outlets. Specific outlet-level initiatives alongwith Modernization and Infrastructure Upgrades shall be executed under the program to propel growth.
  • HPCL is embarking on the next wave enterprise-wide Digital Transformation program to build a connected, intelligent, and future-ready energy enterprise. Leveraging Artificial Intelligence (AI), Agentic AI, Advanced Analytics, Digital Twins, Industrial IoT, Cloud Platforms, Computer Vision, Robotics & Drones, and Intelligent Process Automation, HPCL is transforming its refining, supply chain, marketing, and corporate operations.

Sustainability and Energy Transition

Retail Energy Transition:

  • CNG Outlets as on 30th June 2026: 2,289
  • Solarized Retail Outlets as on 30th June 2026: 23,928 – 95% of outlets powered by renewables
  • EV Charging Stations as on 30th June 2026: 5,806

During the quarter, HPCL commissioned solar projects at Jalgaon (10.4 MWp) and Jhansi (6.5 MWp)