HPCL Q2 results, Standalone PAT recorded at Rs 631 crore

State-run Hindustan Petroleum Corporation Limited (HPCL) has reported Standalone Revenue from Operations of Rs 1,08,216 crore during 2QFY25 vs (Rs 1,02,618 crore during 2QFY24). The Company’s Standalone Profit after Tax (PAT) during this quarter is Rs 631 crore vs (Rs 5,118 crore during 2QFY24).

The Consolidated PAT during this quarter is Rs 143 crore (Rs 5,827 crore during 2QFY24). The primary reasons for lower PAT are suppressed marketing margins on select petroleum products, reduced refining margins due to lower cracks, and falling International crude & Product prices.

During the period Apr-Sep 2024, HPCL Refineries recorded the highest ever crude output of 12.06 MMT (operating at 103.7% of the installed capacity) registering an increase of 8.2% over the output of 11.15 MMT during Apr-Sep 2023. During 2QFY25, the refineries recorded crude output of 6.30 MMT (operating close to 107.7% of the installed capacity) registering an increase of 9.6% over the output of 5.75 MMT during 2QFY24.

Read Also : India Shelter Finance Achieves 36% YoY AUM Growth in Q2FY25; PAT Surges 50% to Rs. 90 Cr

During the period Apr-Sep 2024, HPCL recorded a sales volume of 24.25 MMT (including exports) registering a growth of 7.3% as against 22.59 MMT during Apr-Sep 2023. The company recorded a sales volume of 11.62 MMT (including exports) during 2QFY25 registering a growth of 8.2% as against 10.74 MMT during 2QFY24.

On the domestic front, HPCL achieved sales volume growth of 5.6% during the quarter as against PSU Industry growth of 1.8%. HPCL also recorded a market share gain of 0.78% amongst PSU oil companies during the quarter.

HPCL’s Lubricants segment sales volume was 168 TMT during the quarter, (growth of 5.0% over 2QFY24). During 2QFY25, the company recorded its highest-ever petrochemical sales of 30.4 TMT.

 

Read Also : NLCIL Q2 Results: PAT declines 9.2% stands at Rs 982.41 crore

HPCL invested Rs. 3,771 Crore during 2QFY25 to further strengthen its refining and marketing infrastructure, including investment in joint ventures and subsidiary companies.

This takes the total investment during Apr-Sep 2024 to Rs. 6,588 Crore. During 2QFY25, HPCL commissioned 353 Retail Outlets across the country taking the total number of Outlets to 22,501. The company also commissioned 6 new LPG distributorships during the period taking the total count of LPG distributorships to 6,364.

Read Also : IDBI Bank Q2 Results, Net profit up by 38% to Rs 1,837 crore