HPCL stock in focus after Q2 profit returns at INR 3,625 crore

Published on 11/01/2026 at 01:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HPCL stock traded at INR 340.55 on the NSE on October 30. The quarter brought a return to standalone profit after a first-quarter loss.

Profit recovery meets margin pressure

HPCL returned to standalone profit in the September quarter after a first-quarter loss.
Higher refining margins did not fully offset pressure on fuel marketing operations.
The six-month consolidated result remained negative despite stronger second-quarter refining performance.

HPCL, INE094A01015, Illustration mit AI erstellt.

Hindustan Petroleum Corporation Limited returned to standalone profit in the quarter ended September 30, although earnings remained below the year-earlier level. EconoTimes reported that the board approved the results on October 22, with standalone net profit at INR 3,482.62 crore against INR 3,830.37 crore a year earlier.

HPCL stock traded at INR 340.55 on the NSE at 3:28 p.m. IST on Friday, October 30, 2026, down 0.51 percent from the previous close of INR 342.30. The quote reflects the latest available NSE session price.

Refining gains meet marketing pressure

Consolidated profit reached INR 3,625.22 crore, compared with INR 3,859.30 crore in the year-earlier quarter. HPCL had reported a consolidated loss of INR 11,526.41 crore in the June quarter, while the April-September result remained a loss of INR 8,639.45 crore against a profit of INR 7,970.23 crore a year earlier.

Average gross refining margin for the first half rose to USD 27.89 per barrel from USD 5.95 per barrel. A report by The New Indian Express said higher refining margins could not fully offset pressure on fuel marketing operations as domestic retail prices stayed unchanged while crude prices remained volatile.

HPCL business and competition

HPCL is an India-based energy company whose portfolio includes refineries, petrol pumps, LPG, lubricants, aviation fuel, pipelines, natural gas and petrochemicals, according to its corporate website. It serves retail, industrial and infrastructure-related energy needs across these businesses. Indian Oil Corporation and Bharat Petroleum Corporation are its closest large state-owned oil-marketing peers, while Reliance Industries is a major private-sector competitor in refining and fuel markets. HPCL's profile is therefore broad across downstream energy, with refining and marketing remaining central to its earnings.