Hindustan Petroleum Corporation Ltd Share Price – NSE /  BSE

Refineries, Mid Cap

This project will increase the lube oil base stocks (LOBS) production from the current 475 KTPA to 764 KTPA, with the production of superior-grade Group II+ and Group III LOBS. Additionally, bitumen production will rise by approximately 487 KTPA with the upgrade of fuel oil to bitumen.

The estimated cost of this project is Rs 4,679 crore with a mechanical completion schedule of 36 months and 3 months for commissioning from the date of board approval.

HPCL is engaged in the business of refining crude oil and marketing petroleum products. It operates through two segments: downstream and exploration and production of hydrocarbons.

The company’s standalone net profit tumbled 87.67% to Rs 631.18 crore in Q2 FY25 as against Rs 5,118.16 crore posted in Q2 FY24. Net sales (excluding excise duty) grew by 4.29% year on year (YoY) to Rs 99,413.16 crore in the September 2024 quarter.

Shares of Hindustan Petroleum Corporation shed 0.38% to Rs 405.45 on the BSE.

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Hindustan Petroleum Corporation announced that consequent upon completion of tenure of office on 15 November 2024, Vimla Pradhan (DIN 09398793), Vivekananda Biswal (DIN 00977767), Bechan Lal (DIN 09397116) & Ramdarshan Singh Pal (DIN 09400298) have ceased to be Independent Directors of the Company effective 16 November 2024.

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Net profit of Hindustan Petroleum Corporation declined 97.55% to Rs 142.67 crore in the quarter ended September 2024 as against Rs 5826.96 crore during the previous quarter ended September 2023. Sales rose 4.29% to Rs 99464.42 crore in the quarter ended September 2024 as against Rs 95371.27 crore during the previous quarter ended September 2023.

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However, net sales (excluding excise duty) grew by 4.29% year on year (YoY) to Rs 99,413.16 crore in the September 2024 quarter.

Profit before tax (PBT) stood at Rs 835.44 crore in Q2 of FY25, registering de-growth of 87.61% YoY.

Average GRMs (Gross of export duty) for second quarter of FY25 were $3.12 per barrel ($13.33 per barrel during the corresponding period of previous year), the reduction in GRMs is in line with the trend of international benchmark product cracks.

During Q2 FY25, the refineries recorded crude thruput of 6.30 MMT (operating close to 107.7% of the installed capacity) registering an increase of 9.6% over the thruput of 5.75 MMT during Q2 FY24.

The company recorded quarterly sales volume of 11.62 MMT (including exports) during the quarter registering a growth of 8.2% as against 10.74 MMT posted in Q2 FY24. The company also achieved market share gain of 0.78% amongst PSU oil marketing companies during the period.

During the quarter, sale of Motor fuels was 6.8 MMT (growth of 4.5% over Q2 FY24) and in case of LPG, the company achieved a sales volume of 2.25 MMT (growth of 5.9% over Q2 FY24).

The Aviation business of the company recorded a growth of 19.6% YoY with sales volume of 250 TMT during Q2 FY25.

As on 30 September 2024, HPCL’s Lubricants segment sales volume was 168 TMT during the quarter, (growth of 5.0% over Q2 FY24) and HPCL also recorded pipeline thruput of 6.53 MMT during Q2 FY25 (growth of 6.5% over Q2 FY24).

HPCL is engaged in the business of refining of crude oil and marketing of petroleum products. It operates through two segments: downstream, and exploration and production of hydrocarbons.

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