HPCL Reports Net Loss of ₹11,526 Cr in Q1 FY27

Hindustan Petroleum Corporation Ltd (HPCL) announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a standalone net loss of ₹11,526 crore, a significant shift from a profit of ₹4,371 crore in the same quarter last year. Consolidated net loss stood at ₹12,265 crore compared to a profit of ₹4,111 crore in Q1 FY26. Revenue from operations increased to ₹1,45,126 crore from ₹1,20,135 crore year-on-year. The Gross Refining Margin (GRM) before Export Cess saw a substantial rise to US$ 23.80 per barrel from US$ 3.08 per barrel. Operational highlights include crude throughput of 6.52 MMT at 107% capacity utilization. The company also reported a capex of ₹1,734 crore and progress on the HPCL Rajasthan Refinery Limited (HRRL) project, which declared scheduled commercial operation on June 22, 2026. Sales volume was 13.12 MMT, a slight increase of 0.6% YoY.