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
