HPCL’s filing with the BSE on 18 Oct 2026 shows a net profit of ₹3,482.6 cr for the September quarter, up from a ₹11,526 cr loss in the June quarter, and a stock rally of 4.2% to ₹1,208.55 at market close—
The revenue for the quarter was ₹1,341.9 cr, a 4.3% decline QoQ but still 18.2% higher YoY compared with ₹1,107.2 cr; EBITDA stood at ₹9,074 cr, a 53.9% increase from the ₹5,756 cr loss recorded in Q1—
In comparison with sector peers, HPCL’s EBITDA margin widened to 6.77% from 0.00% in the previous quarter, while rivals like Indian Oil reported a 4.1% margin in the same period; analysts pointed out the company’s lower marketing expenses as a key driver of the margin rebound—
Looking ahead, HPCL’s board has not issued a full guidance package yet, but the company is expected to release its Q3 results on 14 Nov 2026. Market participants are watching for a continuation of the cost‑control trend and the impact of the upcoming refinery expansion on future earnings, with a consensus expectation of a 12–15% YoY revenue growth for the next quarter—