HPCL shares hit 52-week high, rallies 28% in a year: Here’s why the stock is buzzing on Monday

With a capacity of 3.55 MMTPA, RUF employs advanced LC-Max-based residue hydrocracking technology to achieve about 93% conversion of bottom oils into high-value products, HPCL said.

“Visakh Refinery will now have the capability of enhancing its distillate yield by up to 10% (from recent pre-capacity expansion levels). The Gross Refining Margins (GRMs) of the Visakh Refinery are set to increase substantially on account of a superior product slate, flexibility to process many heavier or opportunity crudes, and higher value realisation per barrel,” HPCL added in a regulatory filing.

This significant increase in middle-distillate output would help HPCL to reduce the gap between its HSD marketing and refining volumes, lower dependence on external sourcing, strengthen the supply chain, and drive higher profitability through improved product realisation and margin capture.

HPCL said that with the commissioning of the RUF, the Nelson Complexity Index of its Visakh Refinery has improved to 11.6, positioning it among India’s most advanced deep-conversion refineries. “The RUF is embedded with the advanced LC-Max Digital suite, which would enable efficient and optimised operation of the highly complex unit, supporting improved yield control and sustained margin management,” it added.

HPCL share price

At 1:25 PM, shares of HPCL were trading at ₹498.30 apiece on NSE, rising 0.49%.

Over a month’s time, the stock has gained 10.5%, while it has climbed more than 11% in 6 months. On a year-on-year basis, HPCL shares have rallied 28%.

The company has a total market capitalisation of ₹1.05 lakh crore, according to data from the NSE.

HPCL Q2 earnings

The state-owned company had reported a massive 97.5% drop in net profit in the September quarter, as refinery margins fell and marketing margins shrunk.

HPCL had reported a consolidated net profit of ₹142.67 crore in July-September—the second quarter of the current 2024-25 fiscal year—compared to a profit of ₹5,826.96 crore a year back. Net profit also declined sequentially when compared to earnings of ₹633.94 crore in the April-June period.

Pre-tax earnings from downstream fuel retailing businesses slumped to ₹1,285.96 crore from ₹6,984.60 crore in July-September 2023.