HPCL Record Half-Yearly Consolidated Profit at Rs 12,592 crore
The standalone PAT for the period JulSep 2023 was Rs 5,118 crore (Net Loss of Rs 2,172 crore during the corresponding period of previous year).
![HPCL Record Half-Yearly Consolidated Profit at Rs 12,592 crore](https://www.psuconnect.in/sdsdsd/hpcl_office.jpg)
Hindustan Petroleum Corporation Limited (HPCL) has reported Revenue from operations of Rs 102,618 crore for the period Jul-Sep 2023. For the period Apr-Sep 2023, the Revenues were Rs 2,21,662 crore.
The Company has reported Highest Ever Half-Yearly Consolidated Profit after Tax (PAT) of Rs 12,592 crore during Apr-Sep 2023 (Consolidated Net Loss of Rs 11,033 crore during the corresponding period of previous year). Standalone PAT during this period was also highest ever at Rs 11,322 crore as compared to Standalone Net Loss of Rs 12,369 crore during the corresponding period of previous year. The standalone PAT for the period JulSep 2023 was Rs 5,118 crore (Net Loss of Rs 2,172 crore during the corresponding period of previous year).
Average GRMs (Gross of export duty) for the period Jul-Sep 2023 were US$ 13.33 per barrel (US$ 8.41 per barrel during the corresponding period of previous year). The Average GRMs (Gross of export duty) for the period Apr-Sep 2023 were US$ 10.49 per barrel (US$ 12.62 per barrel during the corresponding period of previous year).
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HPCL refineries processed highest ever quarterly crude thru-put of 5.75 Million Metric Tonnes (MMT) during Jul-Sep 2023 (operating at 111.6%) registering a growth of 28% over 4.49 MMT crude processed during the corresponding period of previous year. Visakhapatnam Refinery functioning at enhanced capacity of 11 MMTPA processed highest ever quarterly crude thru-put of 3.23 MMT (116.7% of installed capacity) and
Mumbai Refinery operating at 105.7% capacity also recorded highest quarterly crude thru-put of 2.52 MMT during this period.
The crude thru-put during Apr-Sep 2023 was also highest ever half-yearly thruput at 11.15 MMT (~ 108.8% capacity) as compared to 9.30 MMT crude processed during Apr-Sep 2022, a growth of 19.9% over historical.
Read Also : State Coal Minister inaugurates new solar plant at CCL’s Piparwar AreaOn the marketing front, HPCL achieved Quarterly total sales volume (including exports) of 10.74 MMT during Jul-Sep 2023 (10.39 MMT during corresponding period of previous year) representing a growth of 3.4%. The Half-yearly total sales volume (including exports) was 22.59 MMT with a growth of 7.1% over total sales volume of 21.09 MMT during Apr-Sep 2022.
In the domestic market, HPCL registered quarterly sales volume of 10.08 MMT during Jul-Sep 2023 registering a growth of 3.02% as compared to PSU industry growth of 2.85% during this period (9.87 MMT domestic sales volume during corresponding period of previous year). HPCL also achieved half-yearly domestic sales volume growth of 6.0% with a market share gain of 51 bps vis-à-vis PSU counter-parts as compared to PSU industry growth of 3.5% during Apr-Sep 2023.
HPCL continued to maintain its market share in Transport Fuels despite re-entry of private players in the domestic segment during this period.
HPCL achieved record half-yearly LPG sales of 4.04 MMT registering a stellar growth of 4.4% in LPG Sales during Apr-Sep 2023 (PSU Industry growth @ 2.8%). HPCL continues to expand its footprints in the Aviation segment registering a growth of 27.4% during Apr-Sep 2023 as against Industry Growth of 13.5% during this period.
HPCL also achieved highest-ever half yearly pipeline thruput of 12.62 MMT during AprSep 2023 with a growth of 11.9% over pipeline thruput of 11.28 MMT achieved in the corresponding period last year.
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