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Hindustan Petroleum Corporation Ltd

Q1 FY26Petroleum Products

Hindustan Petroleum Corporation Q1 FY26 earnings call: Revenue & Margins

Q1 FY26 earnings call: what management said on revenue, margins and capex.

Price₹363
Market cap₹79.5K Cr
P/E47.6
Updated23 Aug 2026
Read4 min read

The short version

HPCL is focusing on four key growth planks: improving operational efficiencies, planning next growth wave, working on enablers (people and digitalization), and enhancing external engagement (Page 4). HPCL aims to take its performance to the "next orbit" with focus on operational efficiencies, growth planning, digital enablers, and external engagement.

From Hindustan Petroleum Corporation Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • HPCL is focusing on four key growth planks: improving operational efficiencies, planning next growth wave, working on enablers (people and digitalization), and enhancing external engagement (Page 4).
  • Throughput increase is targeted via the Abhyuday program, focusing on 4,500 retail outlets to boost volume per outlet, with early gains seen as low single-digit KL improvements (Page 18).
  • Refinery capacity is expanding, with Vizag refinery throughput doubled to 15 million tons and plans to increase distillate yield to ~83% post-RUF and Barmer projects (Pages 4, 15).
  • Chhara terminal capacity utilization expected to rise from 10-15% in FY26 to 35-40% in FY27, with further increases targeted by FY30 and FY35 (Page 17).

2 more points from Hindustan Petroleum Corporation Ltd's call on revenue

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Profitability & Margins

See what Hindustan Petroleum Corporation Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Rajasthan Refinery:
  • Total projected cost around INR 72,000 crores, with nearly INR 60,000 crores spent.
  • No major escalation anticipated in hard costs.
  • Time delays have increased Interest During Construction (IDC), impacting financials.
  • Final cost guidance expected by the next analyst call.
  • Gas Supply Contracts:
  • Signed a 10-year gas supply contract with ADNOC starting 2028.
  • Green Hydrogen Initiative:
  • Secured 5 KTPA green hydrogen supply for Vizag refinery at INR 328/kg, among the lowest in India.
  • Retail Throughput Enhancement:
  • Abhyuday program targeting throughput increase in 4,500 retail outlets with low single-digit KL gains.
  • Operational Excellence Program (Samriddhi):
  • Targeting INR 1,000-1,500 crores EBITDA uplift by March 2026 via cost savings and operational efficiencies.

2 more points from Hindustan Petroleum Corporation Ltd's call on capex

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Top-ranked in Petroleum Products

Ranked on what management guided this quarter

Guidance-ranked
1Continental Petroleums Ltd
Rev 2Mar 1
2Arabian Petrol.
Rev 2Mar 2
3
Rev 3Mar 2
4
Rev 3Mar 3
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Hindustan Petroleum Corporation Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The discussion primarily centers around operational efficiency programs (Samriddhi and Abhyuday), refinery project updates (such as Vizag residue upgradation and Barmer refinery progress), market share strategies, inventory losses, crude sourcing, and financial performance details. For the requested information on order books, a different section of the report or a supplementary document would be needed.

Hindustan Petroleum Corporation Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹1.3L Cr, net profit ₹3.6K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Hindustan Petroleum Corporation Ltd Q1 FY26 results?

HPCL is focusing on four key growth planks: improving operational efficiencies, planning next growth wave, working on enablers (people and digitalization), and enhancing external engagement (Page 4). HPCL aims to take its performance to the "next orbit" with focus on operational efficiencies, growth planning, digital enablers, and external engagement.

What is Hindustan Petroleum Corporation Ltd share price analysis?

Hindustan Petroleum Corporation Ltd currently shows a neutral. The stock trades at a P/E of 47.5 with a market cap of ₹79,474 Cr. Investors should review the full earnings analysis for detailed insights.

Is Hindustan Petroleum Corporation Ltd planning capital expenditure?

Rajasthan Refinery: - Total projected cost around INR 72,000 crores, with nearly INR 60,000 crores spent.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.