HPCL dividend FY26: Firm announces final payout of ₹19.25/share; check record date

The company also declared a final dividend of ₹19.25 per equity share of face value ₹10 each for FY26.

HPCL said August 14, 2026, has been fixed as the record date for determining shareholders eligible to receive the dividend.

HPCL Q4 FY26 earnings

The company, which is engaged in refining crude oil and marketing various petroleum products, posted a 77.58% year-on-year (YoY) increase in its consolidated profit after tax (PAT) to ₹6,065.26 crore in the fourth quarter of the financial year 2025-26.

It had reported a net profit of ₹3,415.44 crore in the same period of the previous fiscal year.

Total income rose 4.41% to ₹1,24,313.33 crore during the fourth quarter of last fiscal from ₹1,19,055.05 crore in the corresponding period of the preceding year, according to a regulatory filing on Wednesday.

Further, the company's FY26 GRM came in at $8.79/bbl as against $5.74/bbl YoY.

GRM stands for gross refining margin.

It is a key profitability metric for OMCs and refiners, indicating the difference between the value of petroleum products produced (such as petrol, diesel and jet fuel) and the cost of crude oil used to produce them.

In simple terms, GRM shows how much profit a refinery earns from processing one barrel of crude oil before accounting for operating costs. Higher GRMs generally indicate better profitability for refining companies such as Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation.

OMCs amid oil crisis

According to the government, India's state-run fuel retailers are staring at first-quarter (Q1 FY27) losses large enough to wipe out profitability for the full fiscal year (FY27), as soaring crude prices and a government-led freeze on pump prices squeeze marketing margins.

Since the war broke out in the Middle East at the end of February, state-owned OMCs have ensured uninterrupted supplies of petrol, diesel, and cooking gas LPG at rates that are way below cost, unlike many global energy systems that imposed rationing or passed through steep price increases.

This has resulted in the three OMCs – IOC, BPCL, and HPCL – running record-high under-recoveries (the difference between cost and retail selling price).