Hindustan Petroleum Corporation (HINDPETRO) Q4 25/26 earnings summary

Executive summary

• Q4 revenue reached INR 1,23,000 crore, up 4.5% year-over-year, with FY26 standalone PAT at INR 17,175 crore, up 133% year-over-year, and consolidated PAT at INR 18,047 crore.

• Achieved highest-ever refinery throughput (26.0 MMT) and market sales (51.4 MMT) in FY 2025-26, with strong operational performance and infrastructure expansion.

• Audited standalone and consolidated financial results for FY 2025-26 were approved, with unmodified opinions from statutory auditors.

• Committed to Net Zero Scope 1 & 2 emissions by 2040, with a dedicated energy transition strategy and major investments in renewables and green hydrogen.

• Crisis management included securing crude and LPG supplies, increasing domestic production, and agile supply chain responses.

Financial highlights

• Revenue from operations reached ₹4,78,543 crore in FY 2025-26; standalone total income was ₹4,81,234.01 crore, up year-over-year.

• Standalone net profit for FY 2025-26: ₹17,175 crore; consolidated net profit: ₹18,046.89 crore.

• Refinery GRM was US$8.79/bbl, up from US$5.74/bbl previous year.

• Debt-equity ratio improved to 0.8 (standalone) and 0.78 (consolidated); total standalone debt reduced significantly.

• Cost takeout program delivered INR 1,691 crore in savings; OpEx as a percentage of turnover reduced to 1.45%.

Outlook and guidance

• Q1 FY27 expected to be very challenging due to high crude prices, low product prices, and volatility; losses anticipated.

• Refining capacity to increase from 35.8 MMTPA in 2025-26 to 45.3 MMTPA by 2027-28, with major investments in renewables, biofuels, and petrochemicals planned.

• No forward-looking financial guidance provided due to extreme market volatility.

• Focus remains on cost control, digital transformation, and ramping up new projects (RUF, HRLL, Chhara, 2G Ethanol).

• Net Zero investment of ₹60,000 crore by 2040, focusing on emission reduction levers.