HPCL Reports Q1 FY27 Results: Net Loss Stands at ₹12,265 Crore Despite Revenue Rising 21% to ₹1.45 Lakh Crore

Hindustan Petroleum Corporation Limited (HPCL) announced its unaudited consolidated financial results for the first quarter ended June 30, 2026. The state-run oil refining and marketing giant reported strong top-line revenue expansion, but bottom-line performance slipped into a loss due to elevated raw material and procurement costs during the quarter.

Executive Financial Summary

Total Revenue from Operations: Rose 20.9% year-on-year (YoY) to ₹1,45,225.11 crore in Q1 FY27, compared to ₹1,20,192.99 crore reported in Q1 FY26 (CPLY). Revenue grew 17.4% sequentially over ₹1,23,693.38 crore in Q4 FY26.

Total Income: Stood at ₹1,45,844.01 crore for the quarter under review, up 20.8% YoY from ₹1,20,700.34 crore in Q1 FY26 and 17.3% sequentially from ₹1,24,313.33 crore in Q4 FY26.

Total Expenses: Escalated sharply to ₹1,64,043.50 crore in Q1 FY27, compared to ₹1,15,042.44 crore in Q1 FY26 and ₹1,17,959.83 crore in Q4 FY26.

Profit/Loss Before Tax (PBT): Reported a loss of ₹18,170.07 crore for Q1 FY27, compared to a profit before tax of ₹5,546.62 crore in Q1 FY26 and ₹7,643.61 crore in Q4 FY26.

Net Profit/Loss After Tax (PAT): Posted a consolidated net loss of ₹12,264.67 crore for the quarter ended June 30, 2026, compared to a net profit of ₹4,110.93 crore in Q1 FY26 and ₹6,065.26 crore in Q4 FY26.

Total Comprehensive Income: Stood at a loss of ₹12,847.28 crore for Q1 FY27, compared to a total comprehensive income of ₹4,347.07 crore in CPLY and ₹5,674.33 crore in Q4 FY26.

Expense Dynamics & Input Costs

The compression in operating margins was primarily driven by a substantial surge in input and inventory procurement expenses:

Cost of Materials Consumed: Climbed 73.9% YoY to ₹63,532.45 crore in Q1 FY27, up from ₹36,532.64 crore in Q1 FY26 and ₹37,868.82 crore in Q4 FY26.

Purchases of Stock-in-Trade: Increased 54.8% YoY to ₹91,958.77 crore during the quarter under review, compared to ₹59,418.58 crore in CPLY and ₹62,727.45 crore in Q4 FY26.

Excise Duty: Stood at ₹4,640.86 crore in Q1 FY27, down from ₹9,367.66 crore in Q1 FY26 and ₹8,756.17 crore in Q4 FY26.

Finance Costs: Remained stable at ₹818.36 crore during Q1 FY27 compared to ₹817.11 crore in Q1 FY26, and moderated sequentially from ₹1,020.44 crore in Q4 FY26.

Depreciation & Amortisation: Stood at ₹1,877.73 crore compared to ₹1,604.29 crore in Q1 FY26.

Employee Benefit Expenses: Reduced to ₹721.75 crore from ₹909.39 crore in Q1 FY26 and ₹772.17 crore in Q4 FY26.

Segment Performance

Downstream Petroleum Segment

Segment Revenue: Generated ₹1,45,127.41 crore in Q1 FY27, registering a 20.8% YoY growth over ₹1,20,108.26 crore in Q1 FY26 and a 17.4% sequential rise from ₹1,23,594.73 crore in Q4 FY26.

Segment Result: Posted a loss before tax and interest of ₹17,712.65 crore, compared to a profit of ₹6,144.10 crore in Q1 FY26 and ₹6,981.35 crore in Q4 FY26.

Segment Assets: Expanded to ₹2,05,497.48 crore as of June 30, 2026, compared to ₹1,84,123.56 crore in CPLY.

Other Operations & Joint Ventures

Other Segment Revenue: Generated ₹183.72 crore in Q1 FY27, with a segment loss of ₹26.90 crore.

Share in Joint Ventures & Associates: Contributed a net profit share of ₹29.42 crore in Q1 FY27, compared to a loss of ₹111.28 crore in Q1 FY26 and a profit share of ₹1,290.11 crore in Q4 FY26.

Key Financial Ratios & Balance Sheet Position

Net Worth: Stood at ₹52,930.37 crore as of June 30, 2026, compared to ₹65,556.12 crore as of March 31, 2026.

Outstanding Debt: Increased to ₹75,913.53 crore as of June 30, 2026, up from ₹50,898.87 crore as of March 31, 2026.

Debt to Equity Ratio: Stood at 1.43 times as of June 30, 2026, compared to 0.78 times as of March 31, 2026 and 0.98 times as of June 30, 2025.

Current Ratio: Stood at 0.56 times as of June 30, 2026.

Operating Margin: Recorded at (12.37)% for Q1 FY27, down from 4.87% in Q1 FY26 and 6.50% in Q4 FY26.

Net Profit Margin: Recorded at (8.45)% for Q1 FY27, compared to 3.42% in Q1 FY26 and 4.90% in Q4 FY26.

Earnings Per Share (EPS): Basic and diluted EPS for Q1 FY27 came in at ₹(57.64) per share (face value ₹10 each, not annualised), compared to ₹19.32 in Q1 FY26 and ₹28.50 in Q4 FY26.

Shares of Hindustan Petroleum Corporation Limited was last trading in BSE at Rs. 395.25 as compared to the previous close of Rs. 407.00. The total number of shares traded during the day was 405371 in over 6735 trades.

The stock hit an intraday high of Rs. 405.60 and intraday low of 393.15. The net turnover during the day was Rs. 161211897.00.

Source : Equity Bulls

Keywords

HindustanPetroleumCorporation INE094A01015 HPCL Q1FY27 Q1FY2027 ResultUpdate