HPCL Q4 Net Profit Rises 26% on Strong Refining Margins

Hindustan Petroleum Corporation Ltd (HPCL) on Tuesday reported a 26% increase in its consolidated net profit for the fourth quarter of the fiscal year 2024–25, buoyed by strong refining margins despite the burden of unpaid LPG subsidies.

According to the company’s stock exchange filing, HPCL posted a net profit of ₹3,415.44 crore for the January-March quarter, up from ₹2,709.31 crore in the same period last year. The quarter-on-quarter performance also saw an improvement, with the Q4 profit exceeding the ₹2,543.65 crore earned in the October-December 2024 period.

The state-run oil marketing company attributed the robust performance to improved refining margins, which offset losses from the government’s delay in compensating for subsidised LPG sales.

Analysts noted that HPCL’s ability to maintain profitability in the face of subsidy-related headwinds highlights operational efficiency and favorable global crude pricing during the quarter.