Hindustan Petroleum Corporation Ltd

Q4 FY23Petroleum Products

Hindustan Petroleum Corporation Q4 FY23 earnings call: Revenue & Margins

Q4 FY23 investor presentation: what the company reported on revenue, margins and projects.

Price₹350

Market cap₹76.4K Cr

P/E45.7

Updated24 Sept 2026

Read3 min read

Based on Hindustan Petroleum Corporation Ltd's Q4 FY23 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Quarterly Market Sales: 11.1 MMT, a growth of 4.1% year-on-year (Page 21) - Highest Ever Quarterly Refinery Thruput: 4.96 MMT, with 113% refinery capacity utilization (Page 21) - Highest Ever Quarterly Pipeline Thruput: 6.13 MMT (Page 21) - Consolidated Net Profit for the Quarter: Rs. EBITDA: Rs.

From Hindustan Petroleum Corporation Ltd's Q4 FY23 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

- **Quarterly Market Sales:** 11.1 MMT, a growth of 4.1% year-on-year (Page 21) - **Highest Ever Quarterly Refinery Thruput:** 4.96 MMT, with 113% refinery capacity utilization (Page 21) - **Highest Ever Quarterly Pipeline Thruput:** 6.13 MMT (Page 21) - **Consolidated Net Profit for the Quarter:** Rs. 3,608 Crore, standalone profit Rs. 3,223 Crore (Page 21) No explicit outlook or projections for future revenue or volumes are stated in the presentation. The slides focus on reporting historical quarterly performance figures without forward-looking revenue or volume guidance.

Profitability & Margins

- **EBITDA**: Rs. 7,551 crore, a 47% increase year-on-year. - **Operating Margin**: Rs. 96.8 per barrel, up 42% year-on-year. - **Profit After Tax (PAT)**: Rs. 3,223 crore, a 16% year-on-year increase. - **Margin Outlook**: The presentation states an expected improvement in Refinery Gross Refining Margin (GRM) with gradual recovery but does not provide explicit numerical margin forecasts. These figures are found on Page 21 under "Quick Snapshot: Q4 2022-23" highlighting the highest ever refinery throughput and financial performance.

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

Capital Expenditure Plans

Rs. 14,000 crore Capex for 2023-24 covering:
Refinery with R&D: Rs. 5,000 Cr (36%)
Marketing Infrastructure: Rs. 4,500 Cr (32%)
Natural Gas: Rs. 1,000 Cr (7%)
Bio-Fuels & Renewables: Rs. 800 Cr (6%)
Equity investments in JVC/Subsidiaries: Rs. 2,700 Cr (19%)
Estimated Rs. 75,000 crore Capex over next 5 years.
Refinery expansions:
Visakh refinery capacity expansion to 15 MMTPA from 8.3 MMTPA
New 9 MMTPA Refinery & Petrochemical project at Barmer, Rajasthan.
Renewable projects:
5 GW renewable capacity targeted.
Ethanol blending (E20) to reach 20% by 2025.
100 KLPD 2G Ethanol plant in Bathinda.
EV charging stations at 5,000 retail outlets by 2025-26.
Green hydrogen capacity in refineries: ~29 KTPA by 2030.
Natural Gas:
5 MMTPA LNG Import Terminal at Chhara, Gujarat.
Expanding CGD network across 7 states.
Marketing:

2 more points management made on capital expenditure plans

Top-ranked in Petroleum Products

Ranked on what management guided this quarter

5x potential

1Cont. Petroleums₹69 Cr

Rev 2Mar 1

2Arabian Petrol.₹96 Cr

Rev 2Mar 2

3₹5.5K Cr

Rev 3Mar 2

4₹16.6L Cr

Rev 3Mar 3

5₹1.9L Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The presentation mentions capital expenditures financed partly through equity investments in JVCs, subsidiaries, and associates (Page 24, 23).
Capex figures include investments in JVCs/Associates/Subsidiaries but no specific mention of fresh equity fundraising.
Long-Term Debt-Equity Ratio trends are shown on Page 24, with ratios fluctuating between 0.51 and 1.80 over years, indicating borrowing changes but no specific details on new borrowings.

2 more points management made on fundraising & capital structure

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

Order Book & Pipeline

The investor presentation does not explicitly report or mention: - Any order book figures - Order inflow - Pending orders No specific data or details about order backlog or incoming orders are provided in the document. The presentation focuses on business overview, financial performance, capital expenditure plans, ESG initiatives, R&D, shareholder returns, and operational highlights without reference to order-related metrics.

Hindustan Petroleum Corporation Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.1L Cr, net profit ₹6.1K 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

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Frequently Asked Questions

What were Hindustan Petroleum Corporation Ltd Q4 FY23 results?

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 45.7 with a market cap of ₹76,389 Cr. Investors should review the full earnings analysis for detailed insights.

Is Hindustan Petroleum Corporation Ltd planning capital expenditure?

Rs.

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