Hindustan Petroleum Corporation Limited (HPCL) on Wednesday reported a standalone net profit of Rs 4,902 crore for the fourth quarter of FY26, marking a 46% rise from the Rs 3,355 crore in the year-ago period. The company also announced a final dividend of Rs 19.25 apiece for its shareholders.
The oil marketing company’s standalone total income rose 4.5% year-on-year (YoY) to Rs 1.24 lakh crore in the January-March quarter of FY26, from Rs 1.19 crore in the corresponding quarter of the previous financial year.
Sequentially, HPCL’s total income declined marginally from the Rs 1.25 lakh crore reported in the October-December quarter of the same financial year. Its net profit however rose more than 20% QoQ from Rs 4,072 crore in Q3 FY26.
HPCL said that its board of directors during its meeting recommended the final dividend of Rs 19.25 per share with a face value of Rs 10 each for the financial year 2026, subject to shareholders’ approval at its upcoming Annual General Meeting (AGM). The record date to determine the eligibility of shareholders set to receive the dividend has been fixed on August 14.
Amid the Iran-US conflict and the subsequent closure of the Strait of Hormuz, HPCL saw its pipeline throughput decline around 2% year-on-year (YoY) to 6.48 million tonnes during the quarter under review. Domestic sales increased 3% to 12.43 million tonnes, while exports softened over 3% to 5.7 lakh tonnes.
The oil marketing company’s operating margin however strengthened to 5.32% in Q4 FY26, from 3.56% in the year-ago period. Net profit margin meanwhile rose to 3.97% in the quarter under review.
For the entire financial year 2026, HPCL reported a whopping 133% YoY jump in standalone net profit to Rs 17,175 crore while total income rose 3% to Rs 4.81 lakh crore. Net profit margin and operating margin more than doubled to 3.59% and 4.88% respectively in the financial year which ended on March 31, 2026.
The company reported its highest-ever refinery throughput of 26.04 MMT in FY26, marking a 3% YoY increase, along with gross refining margin (GRM) at $8.79 per barrel in FY26.
HPCL share price
HPCL shares jumped more than 2% to trade at Rs 377.25 apiece after the release of the results. The stock has declined more than 5% in one week, but gained over 8% in one month. Overall, the shares of the company have fallen more than 24% in 2026 so far.
In the longer term, HPCL shares jumped 117% in three years and 116% in five years.
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