HPCL Surpasses Profit Records Amid Volatile Global Oil Market

Hindustan Petroleum Corporation Ltd (HPCL) announced its financial results for the March quarter and fiscal year ending March 31, 2026, showcasing record-breaking net profits. This surge is attributed to robust marketing and refining margins, prior to the full effects of global energy market disruptions due to geopolitical tensions.

In the January-March period, which marks the conclusion of the fiscal year 2025-26, HPCL's standalone net profit saw a 46 percent growth, reaching Rs 4,901.50 crore from the previous year's Rs 3,354.98 crore. This achievement came despite the company incurring significant losses from under-cost sales of petrol, diesel, and LPG in March to stabilize domestic prices amid international market volatility.

Looking ahead, HPCL anticipates a challenging first quarter in the 2026-27 fiscal year as global geopolitical tensions impact supply routes and pricing. Chairman Vikas Kaushal mentioned a likely first-quarter loss due to these factors. HPCL plans to diversify supply sources, purchasing oil from Russia, Africa, the US, and Venezuela, after traditional routes were disrupted.

(With inputs from agencies.)