Hindustan Petroleum Corporation Ltd. delivered exceptional fourth-quarter results, reporting a consolidated net profit of ₹6,065.26 crore for Q4FY26, representing a 77.6% increase from the previous year. This marks a significant improvement from the ₹3,415 crore profit reported in Q4FY25, demonstrating the company's strong operational performance across the quarter. Revenue from operations showed robust growth, rising 4.45% year-on-year to ₹1,23,602 crore in Q4 FY26, compared with ₹1,18,334 crore in the year-ago period. The company achieved a 20% sequential growth in net profit, with the stock responding positively as shares climbed 4.29% to hit a day high of ₹385.45 in Wednesday's afternoon trade.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) showed robust growth, rising 27.9% from the previous quarter to ₹8,979 crore. As reported by the latest company filing, EBITDA margins expanded significantly by 170 basis points to 7.8% from 6.1% in the previous quarter. The company's Gross Refining Margin (GRM) showed exceptional improvement, rising sharply to $14.27 per barrel during the quarter against $8.44 per barrel in Q4 FY25. On the operational front, HPCL's refineries recorded crude throughput of 6.43 million metric tonnes (MMT) in the March quarter, with the Visakh refinery processing 3.89 MMT at 105% capacity and the Mumbai refinery processing 2.54 MMT at 109% capacity utilisation. The company processed four new grades of crude oil during the quarter, taking the total number of crude grades processed in FY26 to 52.
The board of HPCL declared a final dividend of ₹19.25 per share for financial year 2026, marking the highest dividend payout to shareholders in the last five years. According to the latest company filing, this is in addition to the interim dividend of ₹5 per equity share already paid for FY26, bringing the total FY26 dividend including interim payments to ₹24.25 per share. The record date to determine eligible shareholders is August 14, 2026, with the final equity dividend of ₹19.25 per equity share having face value of ₹10/- subject to shareholder approval at the upcoming Annual General Meeting (AGM). This represents a substantial increase from the previous dividend of ₹6 per share in November 2025, reflecting the company's strong financial performance and commitment to shareholder returns.
HPCL demonstrated significant capital investment in capacity expansion and modernization. Capital expenditure (capex) during the quarter came at ₹4,611 crore, while cumulative capex for FY26 stood at ₹15,705 crore, indicating the company's commitment to long-term growth. The company's sales volume, including exports, stood at 13 MMT in Q4 FY26, up 2.4% year-on-year, demonstrating strong market demand. The exceptional financial performance and dividend declaration have positively impacted investor sentiment, with the stock rising 4.29% to hit a day high of ₹385.45 in Wednesday's trading session, reflecting market confidence in HPCL's operational excellence and future prospects.
