HPCL’s consolidated profit after tax (PAT) jumped to Rs 3,859 crore in Q2 FY26, compared to Rs 143 crore in the same quarter last year — marking a massive 2,598% year-on-year (YoY) surge.
For the first half of FY26, consolidated PAT stood at Rs 7,970 crore, up nearly tenfold from Rs 777 crore in H1 FY25. On a standalone basis, quarterly PAT increased more than five times to Rs 3,830 crore, against Rs 631 crore in Q2 FY25.
Revenue from operations rose modestly to Rs 1,10,323 crore in Q2 FY26, compared to Rs 1,08,196 crore a year ago. For the first half of the fiscal, revenue stood at Rs 2,30,458 crore, slightly higher than Rs 2,29,074 crore in H1 FY25.
The board also declared an interim dividend of Rs 5 per share, with November 6 set as the record date for shareholder eligibility.
HPCL’s Gross Refining Margin (GRM) saw a sharp improvement to US$ 8.80 per barrel in Q2 FY26, up from US$ 3.12 per barrel in the same period last year.Operationally, the company reported record throughput. HPCL processed 6.57 million metric tonnes (MMT) of crude in Q2 FY26, up 4.3% YoY, while total throughput in H1 FY26 reached an all-time high of 13.23 MMT, up 9.7% YoY.The Visakh Refinery processed 3.98 MMT at 105% capacity, while the Mumbai Refinery processed 2.59 MMT at 108% capacity. HPCL also processed a new grade of crude oil during the quarter, taking the total number of new grades processed in H1 to five.
On the marketing front, total sales volume, including exports, rose 3.9% YoY to 12.07 MMT in Q2 FY26. Domestic sales grew 3.6%, while combined petrol and diesel sales increased 2.8% YoY to 7.07 MMT. Total LPG sales climbed 5.9% YoY to 2.39 MMT.
Pipeline throughput for the quarter stood at 6.12 MMT, and total H1 FY26 sales rose 3.5% YoY to 25.11 MMT, with domestic sales up 2.7% and pipeline throughput at 12.82 MMT.
HPCL’s aviation fuel business stood out, recording a 6.1% growth in Q2 FY26 — outperforming the industry, which saw a 2% decline during the same period.
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