Hindustan Petroleum Corporation Ltd

Q4 FY24Petroleum Products

Hindustan Petroleum Corporation Q4 FY24 earnings call: Revenue & Margins

Q4 FY24 investor presentation: what the company reported on revenue, margins and projects.

Price₹350

Market cap₹76.4K Cr

P/E45.7

Updated24 Sept 2026

Read4 min read

Based on Hindustan Petroleum Corporation Ltd's Q4 FY24 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

Market Sales reached 46.8 MMT in FY 2023-24 (Page 20, 21, 8). The presentation does not provide explicit quarterly EBITDA, operating margin, or profit after tax (PAT) figures. - Reported annual EBITDA for FY23-24 is Rs.

From Hindustan Petroleum Corporation Ltd's Q4 FY24 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

Market Sales reached 46.8 MMT in FY 2023-24 (Page 20, 21, 8).
Sales Volume Growth was 7.8% year-on-year in FY 2023-24 (Page 20).
Refinery Throughput recorded highest ever 22.33 MMT, with 103% capacity utilization in FY 2023-24 (Page 20).
Gross Refining Margin (GRM) was US$ 9.08/bbl for FY 2023-24 (Page 20), compared to earlier years' margins at Mumbai ($10.35), Vizag ($8.12), HMEL JV ($17.15) for FY 2023-24 (Page 21).
Refining capacity is projected to increase from 34.5 MMTPA in 2023-24 to 45.3 MMTPA by 2027-28, adding 10.8 MMTPA (Page 30).

2 more points management made on revenue & sales performance

Profitability & Margins

The presentation does not provide explicit quarterly EBITDA, operating margin, or profit after tax (PAT) figures.
Reported annual EBITDA for FY23-24 is Rs. 43,603 crore, down from Rs. 49,753 crore in FY22-23 (approximate YoY decline of 12.3%) — see Page 26.
There is no separate quarterly operating margin or PAT figure stated.
The presentation highlights record consolidated net profit of Rs. 16,015 crore and standalone net profit of Rs. 14,694 crore for FY 2023-24 (Page 20).

2 more points management made on profitability & margins

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

Capital Expenditure Plans

Total Capex FY24-FY28: Rs. 77,000 Crore (Page 43)
36% in Renewables, Biofuels, Natural Gas, Alternate Fuels & Net Zero
12% in Non-Fuel & Petrochemicals
52% in Petroleum
Refinery Capacity Expansion (Page 30, 44):
Total capacity growth from 34.5 MMTPA (2023-24) to 45.3 MMTPA (2027-28; +10.8 MMTPA)
Key Projects:
MR Expansion (7.5 to 9.5 MMTPA) - Commissioned, Rs. 5,060 Cr
VR Modernization (8.3 to 15 MMTPA) - Progressive Commissioning, Rs. 26,264 Cr
HRRL 9 MMTPA Greenfield Refinery & Petrochemical Complex - 77.5% Physical Progress, Rs. 72,937 Cr
Market sales targeting 56.9 MMT by 2027-28
Renewables Capacity (Page 39):
Increase from 208 MW (2023-24) to 2,400 MW (2027-28)
Notable projects:
Jhansi Solar Project - Commissioned, Rs. 37 Cr
Panipat Solar Project - Mechanically Completed, Rs. 45 Cr
Galiveedu Solar Plant - Upcoming, Rs. 682 Cr
Retail outlet solarisation (100% goal; 80% completed)
Biofuels Capacity (Page 38):
Increase from 12.06 TMT (2023-24) to 300 TMT (2027-28)
Major plants:
CBG Plants commissioned at Budaun and Pathmeda
2G Ethanol Bio-Refinery at Bathinda - Ongoing, Rs. 1,421 Cr
Petrochemicals (Page 35):
Capacity growth from 2.2 to 4.6 MMTPA by 2027-28

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 does not explicitly mention any new fundraising through debt or equity.
Page 26 and 25 show historical Long Term Debt and Long Term Debt Equity Ratio trends, indicating changes over fiscal years but no specific new fundraising event.
Page 44 mentions the company is "Past the Peak Debt Cycle (Standalone)" and "Nearing Peak Debt (Consolidated)," suggesting stabilization or reduction in debt levels.
Capex includes equity investments in JVs/Associates/Subsidiaries (Page 26), but no direct mention of new equity issuance or debt raising.

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 "1348.pdf" does not explicitly report or mention any figures or details related to order book, order inflow, or pending orders. The presentation primarily covers: - Company overview and shareholder profile - Business and performance overview including refining capacity, market sales, and financial parameters - Strategic frameworks such as energy transition and R&D focus - Operational highlights like refinery throughput and pipeline throughput

2 more points management made on order book & pipeline

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.

Full financials →

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 FY24 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?

Total Capex FY24-FY28: 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.