# HPCL Profit Drops 6% Amid Rising Fuel Prices

> HPCL reports 6% profit decline in Q2FY27 as fuel prices surge.
- Title: HPCL Profit Drops 6% Amid Rising Fuel Prices | Shortify
- Summary: 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…
- Keywords: hpcl, hindustan petroleum corp, q2fy27, net profit, fuel prices, crude oil prices, refining margins, money, business, Profit, Drops, Rising
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/stocks/earnings/hpcl-reports-6-decline-in-profit-for-q2-amidst-rising-fuel-prices/articleshow/135131574.cms
- Author: ET Bureau
- Published: 2026-10-23T01:59:00+00:00
- Read time: 1 min
- Topics: hpcl, hindustan petroleum corp, q2fy27, net profit, fuel prices, crude oil prices, refining margins, money, business
## 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.
## Key takeaway

HPCL's Q2FY27 net profit fell 6% to ₹3,625.22 crore amid rising fuel prices, after returning to profitability following a Q1FY27 loss.