Hindustan Petroleum Corporation Ltd
Hindustan Petroleum Corporation Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #10 of 10 in Petroleum Products
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The short version
HPCL is on a growth trajectory with increased profitability, confident of generating growth and wealth-creating opportunities for investors. HPCL is on a solid growth and increased profitability trajectory with consistent quarterly profits above INR3,000 crores.
From Hindustan Petroleum Corporation Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- HPCL is on a growth trajectory with increased profitability, confident of generating growth and wealth-creating opportunities for investors.
- Upcoming projects like the Barmer refinery (74% share) and Vizag residue upgrading unit (RUF) will significantly contribute to EBITDA, with Barmer expected to add around INR 5,000-5,500 crores EBITDA.
- Expansion of refining capacity is planned, aiming to balance refining and selling activities.
- Non-fuel retail business is currently insignificant but holds future potential to add to sales and profitability; more clarity expected in 6 months.
- Renewable energy subsidiary and digital transformation initiatives, including AI and consumer-facing technologies, aim to enhance long-term growth.
2 more points from Hindustan Petroleum Corporation Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- No major large-scale capex programs (e.g., $5 billion or $10 billion) planned in the near term.
- Routine capex for network expansion, replacements, and debottlenecking projects ongoing, typically INR5,000-10,000 crores range.
- Barmer refinery project is nearing completion; capitalization and EBITDA contribution expected by FY '27.
- Refining capacity increases through projects like Barmer and RUF; some debottlenecking projects to be announced soon.
- Green energy investments are selective; focusing on CBG plants with cautious scaling after improving unit economics.
- Digital initiatives underway with a new roadmap including AI and consumer-facing technologies.
- No firm timeline for IPO of renewable energy subsidiary.
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
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Hindustan Petroleum Corporation Ltd — Quarterly revenue & net profit
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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What Hindustan Petroleum Corporation Ltd's management said in earlier quarters
Others in Petroleum Products this season
- Gandhar Oil Refinery (India) Ltd (Q2 FY26)
Capacity utilization nearing 85%-90% indicates room for volume growth before capex is needed. Key concall takeaways from Gandhar Oil Refinery (India) Ltd's Q2…
- Kotyark Industries Ltd (Q2 FY26)
Revenue from Operations for H1FY26: ₹14,732.45 lakhs, down 25% year-on-year (YoY) from ₹19,675.79 lakhs in H1FY25. Key investor presentation takeaways from Koty
- Savita Oil Technologies Ltd (Q2 FY26)
Q2 FY26 Revenue from Operations: ₹1,075.9 Cr, up 18.6% from ₹907.2 Cr in Q2 FY25 (Page 6) . Key investor presentation takeaways from Savita Oil Technologies Ltd
- Arabian Petrol. (Q2 FY26)
Capacity utilization currently at ~75%, with strategic initiatives to improve it further which could positively impact earnings. Key concall takeaways from…
Potential multibaggers · Q2 FY27
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on management's own guidance
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Hindustan Petroleum Corporation Ltd Q2 FY26 results?
HPCL is on a growth trajectory with increased profitability, confident of generating growth and wealth-creating opportunities for investors. HPCL is on a solid growth and increased profitability trajectory with consistent quarterly profits above INR3,000 crores.
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 44.1 with a market cap of ₹73,728 Cr. Investors should review the full earnings analysis for detailed insights.
Is Hindustan Petroleum Corporation Ltd planning capital expenditure?
No major large-scale capex programs (e.g., $5 billion or $10 billion) planned in the near term.
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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.