HPCL Q4 results: Net profit surges 18% YoY to ₹3,355 crore, board recommends ₹10.5 dividend

Hindustan Petroleum Corporation Ltd (HPCL) on Tuesday, May 6, reported an 18.02% year-on-year (YoY) surge in its standalone net profit to ₹3,354.98 crore in the March quarter of the 2024-25 financial year (Q4FY25), compared to ₹2,842.75 crore in the year-ago period.

On a sequential basis, the Navratna firm’s net profit jumped 11% from ₹3,023 crore in the December quarter of FY25 (Q3FY25).

For the quarter under review, the PSU’s total income stood at ₹1.19 lakh crore, slipping 2.45% YoY from ₹1.22 lakh crore in the fourth quarter of the 2023-24 financial year (Q4FY24). Its income fell 0.83% quarter-on-quarter (QoQ) from ₹1.20 crore.

Its revenue from operations shrank marginally by 0.5% to ₹1.09 lakh crore in Q4FY25 as against ₹1.11 lakh crore in Q3FY25.

HPCL’s earnings before interest, tax, depreciation and amortisation (EBITDA) sank 2.8% QoQ to ₹5,803.8 crore in March FY25, in contrast to ₹5,970 crore in December FY25. Furthermore, its EBITDA margin contracted to 5.3% from 5.4% QoQ.

Commenting on the quarterly results, the company said: “Q4 FY25 witnessed a very strong operational performance. Refineries recorded the highest-ever quarterly throughput of 6.74 MMT. The Marketing segment delivered an outstanding performance, registering a 2.7% year-on-year growth in domestic sales volume, surpassing the Industry growth rate of 2.4%. In a significant step, HPCL commenced operations at the LNG Regassification Terminal at Chhara, Gujarat.”

The Navratna PSU’s gross refining margin (GRM) stood at $8.44 per barrel, rising 21.44% YoY from $6.95 per barrel in Q4 FY24.

HPCL board recommends final dividend

The board of directors of HPCL also recommended a final dividend of ₹10.50 per equity share with a face value of ₹10 each for the 2024-25 fiscal year.

Additionally, the board fixed Thursday, August 14, 2025, as the record date for the dividend, subject to shareholder approval at the ensuing AGM.

HPCL board appoints Secretarial Auditor

HPCL’s board also approved the appointment of M/s. Upendra Shukla & Associates as the secretarial auditors of the company for a period of three consecutive years commencing from FY26, subject to approval of the shareholders.

HPCL stock performance

Shares of HPCL closed in the red at ₹396.80 apiece, down 3.18% on the National Stock Exchange (NSE) on Tuesday. However, the results were announced after the market hours.

The stock gained 1.14% over the last week and 4.78% since the beginning of May. The scrip has lost 2.92% on a year-to-date basis.

HPCL has a total market capitalisation of ₹84,559.67 crore as of May 6, 2025, on the NSE.