HPCL Reports Strong Q4 Performance and Approves Record Dividend Hindustan Petroleum Corporation Ltd. (HPCL) announced robust financial results for its March quarter, highlighting a significant rise in net profit and approving its highest dividend payout in five years. The state-run oil refiner’s board declared a dividend of ₹19 per share for the financial year 2026, surpassing previous payouts and reflecting improved operational performance. The results were met with positive market reaction, with HPCL shares rising up to 2% following the announcement. For the March quarter, HPCL reported a net profit of ₹4,901 crore, far exceeding the ₹2,120 crore forecast by CNBC-TV18. This marks a 20% sequential increase in net profit compared to the previous quarter. Revenue for the quarter stood at ₹1.15 lakh crore, matching the December quarter’s figures but slightly below the ₹1.35 lakh crore projected by the financial outlet. The company’s Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) surged 28% to ₹8,979 crore, driven by expanded margins that rose 170 basis points to 7.8% from 6.1% in the prior quarter. The financial year’s Gross Refining Margin (GRM) reached $8.79 per barrel, a notable increase from $5.74 per barrel in the previous financial year. For the fourth quarter alone, the GRM was $14.5 per barrel, though this fell short of the CNBC-TV18 poll’s expectation of $16 to $18 per barrel. GRM, a key metric for refining companies, represents the profit generated after converting raw crude oil into finished petroleum products, calculated as the difference between the total product value and the cost of raw materials. The dividend approval for 2026 marks a significant milestone for HPCL shareholders.#hpcl #hindustan_petroleum_corporation_ltd #dividend #cnbc_tv18 #financial_year_2026
NSE Plans to File IPO Draft by June and Complete Offering by Year-End The National Stock Exchange (NSE) is set to file its draft red herring prospectus (DRHP) for its ₹23,000 crore initial public offering (IPO) by the end of June, according to sources cited by CNBC-TV18. The exchange aims to finalize the entire IPO process by the end of the current fiscal year. The DRHP, a key document outlining the terms of the offering, will be submitted to regulatory authorities by late June, as per the report. The NSE’s plan includes a secondary offering (OFS) to reduce its stake in the company. The exchange intends to dilute its ownership by approximately 4-5%, which is part of its broader strategy to divest non-core assets and improve liquidity. The IPO is expected to attract significant investor interest, given the scale of the offering and the potential for long-term returns. The timeline for the IPO reflects the NSE’s commitment to adhering to regulatory deadlines while ensuring transparency in the process. The DRHP filing is a critical step, as it provides detailed information about the offering, including pricing, allocation criteria, and risk factors. Once filed, the prospectus will be open for public comments, allowing stakeholders to raise concerns or questions before the IPO is launched. The NSE’s decision to complete the IPO by year-end aligns with its strategic goals of expanding its market presence and enhancing shareholder value. The offering is also seen as a way to strengthen the capital markets by injecting fresh liquidity. Analysts suggest that the IPO could set a benchmark for large-scale offerings in the Indian equity market, given the size and complexity of the deal.#nse #initial_public_offering #cnbc_tv18 #drhp #regulatory_authorities
