India's HPCL Q4 profit rises on strong refining margins, steady fuel demand

Hindustan Petroleum

13/05/2026 09:13

May 13 (Reuters) - India's Hindustan Petroleum Corp Ltd  HPCL.NS reported a rise in fourth-quarter profit on Wednesday, helped by stronger refining margins and steady fuel demand.

The state-run refiner logged a net profit of about 49.02 billion rupees ($512.37 million) for the quarter ended March 31, up nearly 46.1% from a year earlier.

Sale of products rose 4.5% to 1.23 trillion rupees, supported by higher fuel sales volumes.

Gross refining margin-the profit from making refined products from one barrel of oil-climbed to $14.27 per barrel in the quarter, from $8.44 per barrel a year earlier.

Fuel sales rose 2.4% year-on-year to 13.0 million tonnes, driven by resilient demand for diesel and petrol.

The company declared a dividend of 19.25 rupees per share.

Shares of HPCL were up 4.8% in afternoon trade, having fallen about 23% so far this year.

($1 = 95.6725 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru; Editing by Harikrishnan Nair)

 ((Bipasha.Dey@thomsonreuters.com;))