Shares of Hindustan Petroleum Corporation (HPCL) will remain in focus on Friday after the state-owned oil marketing company reported a consolidated net profit of Rs 3,625 crore for the second quarter of FY27, down more than 6% year-on-year (YoY) from Rs 3,859 crore in the corresponding quarter of the previous financial year. Sequentially, it recovered from a net loss of Rs 12,264.67 crore in the preceding quarter (Q1 FY27).
Revenue from operations rose a little over 26% YoY to Rs 1.39 lakh crore in Q2 FY27, compared with Rs 1.10 lakh crore in Q2 FY26. HPCL's gross refining margin (GRM) before export cess rose to $32.15 per barrel in Q2 FY27, compared with $8.80 per barrel in Q2 FY26. Its refineries processed 6.20 million metric tonnes (MMT) of crude oil during Q2FY27, operating at 100% of their combined capacity.
