From The Economic Times · ET Bureau · · 1m
HPCL Profit Drops 6% Amid Rising Fuel Prices
HPCL reports 6% profit decline in Q2FY27 as fuel prices surge.
In brief
HPCL reports 6% profit decline in Q2FY27 as fuel prices surge. HPCL's Q2FY27 net profit fell 6% to ₹3,625.22 crore amid rising fuel prices, after returning to profitability following a Q1FY27 loss. Originally reported by The Economic Times.
HPCL Profit Decline
HPCL reported a 6% decline in consolidated net profit for Q2FY27 at ₹3,625.22 crore versus ₹3,859 crore in Q2FY26.
“During April-September 2026, due to the suppressed marketing margins on certain petroleum products, the profitability is impacted”
Q2FY27 Revenue Growth
HPCL's consolidated revenue from product sales rose 26% to ₹1.38 lakh crore in Q2FY27 compared to ₹1.09 lakh crore in Q2FY26.
Q1FY27 Loss to Q2FY27 Profit
HPCL returned to profitability in Q2FY27 after reporting a ₹12,264.67 crore loss in Q1FY27, supported by higher retail fuel prices.
First Half FY27 Loss
HPCL reported a ₹8,639.45 crore loss for the first half of FY27 versus a ₹7,970 crore profit in the same period of FY26 due to crude oil prices exceeding $100 per barrel.
Refining Margins Improved
HPCL's average gross refining margin rose to $27.89 per barrel in H1FY27 from $5.95 per barrel in H1FY26.
The main idea
HPCL's Q2FY27 net profit fell 6% to ₹3,625.22 crore amid rising fuel prices, after returning to profitability following a Q1FY27 loss.
