Hindustan Petroleum Corporation (HINDPETRO) Q4 24/25 earnings summary

Executive summary

• Q4 PAT rose 18% year-over-year, with FY25 PAT at INR 7,365 crore, reflecting strong operational and financial performance.

• Over 100 years of operations with a diversified portfolio in refining, marketing, natural gas, renewables, and R&D.

• Holds Maharatna status, with the second largest retail and LPG network in India.

• Auditors issued an unmodified opinion on both standalone and consolidated financial results for the year ended March 31, 2025, confirming compliance with Indian Accounting Standards and SEBI regulations.

• Strong presence in the Indian oil & gas sector, with significant investments in infrastructure and green energy.

Financial highlights

• FY25 revenue from operations reached ₹4,68,762.09 crore, with net profit at ₹7,364.86 crore; consolidated net profit at ₹6,735.70 crore.

• Achieved highest ever refinery throughput (25.3 MMT), pipeline throughput (26.9 MMT), and market sales (49.8 MMT).

• Average Gross Refining Margin (GRM) for FY25 was $5.74/bbl, down from $9.08/bbl in FY24.

• EBITDA for FY25 was ₹27,221 crore, with net worth at ₹49,753 crore.

• Board recommended a final dividend of ₹10.50 per share.

Outlook and guidance

• CapEx for FY26 expected at INR 13,000-14,000 crore, focused on completing ongoing projects.

• Refining capacity to increase from 35.8 MMTPA in 2024-25 to 45.3 MMTPA by 2027-28.

• Major investments planned in renewables, biofuels, natural gas, and net zero initiatives, targeting net zero Scope 1 & 2 emissions by 2040 with a ₹60,000 crore investment roadmap.

• Working towards doubling EBITDA by FY 2028 and strengthening key financial ratios.

• Debt-equity ratio expected to improve to 1-1.1 next year, with long-term target around 0.7.