Q4 Results: HPCL Stock Surges 2% on Strong FY26 Results; PAT Nearly Doubles, Dividend Declared

Mumbai, May 13: Shares of Hindustan Petroleum Corporation Ltd (HPCL), listed on the exchanges under the ticker HINDPETRO, traded sharply higher on Wednesday, riding a wave of buying interest following the announcement of robust full-year financial results after market hours on Monday.

Intraday Movement

The stock opened at ₹372.40 on Tuesday, modestly above its previous close of ₹369.90, and wasted little time in attracting buyers. After an initial dip to a session low of ₹370.55 in the first few minutes of trade, the stock pivoted decisively higher and climbed steadily through the morning session.

By midday, HINDPETRO had scaled a high of ₹381.90 before consolidating around the ₹377 mark. At the time of writing, the stock was last trading at ₹377.40, up ₹7.50 or 2.03% from its previous close, comfortably holding its gains as broader market sentiment remained cautious.

Weekly Trend

The intraday strength, however, masks a difficult week for the stock. HINDPETRO has been on a steady downward slope since May 6, when it was trading near ₹400. It slipped to around ₹398 on May 7, fell further to ₹388 on May 8, and continued its decline through May 10 and May 11, touching ₹378 and ₹370 respectively a fall of roughly 7.5% over five sessions before Tuesday’s recovery.

The week-long slide appeared driven by broader market weakness and profit-booking in the oil-and-gas space amid geopolitical uncertainty, making Tuesday’s bounce-back all the more significant as it came on the back of concrete earnings support.

FY26 Results; Q4 PAT Nearly Doubles

HPCL declared its audited financial results for the full year and quarter ended March 31, 2026, on Tuesday, and the numbers were striking across both timeframes. On a consolidated basis, Q4 PAT came in at ₹6,065 crore, nearly doubling the ₹3,415 crore posted in Q4 FY25. For the full year, consolidated PAT surged 168% to ₹18,047 crore from ₹6,736 crore in FY25.

Revenue from operations for Q4 FY26 stood at ₹1,23,602 crore, up from ₹1,18,334 crore in Q4 FY25, while full-year revenue grew to ₹4,78,543 crore from ₹4,66,346 crore in FY25. The refining margin story added further shine to the results: Q4 Gross Refining Margin surged to US$ 14.27 per barrel from US$ 8.44 per barrel in Q4 FY25, while the full-year GRM strengthened to US$ 8.79 per barrel from US$ 5.74 per barrel in FY25 — pointing to a sharp acceleration in refining profitability as the year drew to a close.

On a standalone basis, Q4 PAT rose 46% to ₹4,902 crore against ₹3,355 crore a year earlier, while full-year standalone PAT surged 133% to ₹17,175 crore from ₹7,365 crore in FY25.

On the operational front, HPCL’s refineries delivered record performance, achieving their highest-ever crude throughput of 26.04 MMT in FY26, up 3% from 25.27 MMT in FY25, along with a record distillate yield of 75.8%. Total sales including exports grew 3.3% to 51.45 MMT, with domestic sales rising 2.6%. Combined petrol and diesel volumes grew 2.4% to 31.06 MMT, while LPG sales climbed 5.2% to 9.41 MMT.

Dividend

The board has recommended a final dividend of ₹19.25 per equity share of face value ₹10 for FY2025-26, subject to shareholder approval at the Annual General Meeting. This is over and above the interim dividend of ₹5.00 per share already paid during the year, taking the total dividend outgo for FY26 to ₹24.25 per share — a significant payout that is likely to further underpin investor sentiment in the stock.

Source:

• https://www.nseindia.com/get-quote/equity/HINDPETRO/Hindustan-Petroleum-Corporation-Limited