State-owned refiner Hindustan Petroleum Corporation Limited (HPCL) on Wednesday reported a consolidated net profit of ₹4,011 crore in Q3FY26, up 57.7 per cent year-on-year (YoY) from ₹2,544 crore in Q3FY25 and 3.9 per cent quarter-on-quarter from ₹3,859 crore in Q2FY26.
Revenue from operations stood at ₹1,24,483 crore in Q3FY26, marking a 4.7 per cent year-on-year increase from ₹1,18,938 crore reported in Q3FY25.
HPCL reported a robust gross refining margin (GRM) of $8.85 per barrel during the quarter, compared with $6.01 per barrel in Q3FY25, reflecting improved product cracks and operational efficiencies across its refineries.
The quarter also saw stable refinery operations, with crude throughput of 6.38 million tonnes, as the Visakh refinery operated at 106 per cent of its nameplate capacity and the Mumbai refinery at 99 per cent.
Marketing performance remained steady, with Q3FY26 sales volumes rising 3.7 per cent year-on-year to 13.34 million tonnes, led by growth in petrol, diesel and LPG sales.
Total income stood at ₹1,25,189 crore for the quarter, while total expenses were ₹1,19,993 crore.
Capital expenditure during the quarter stood at ₹4,976 crore, directed largely towards strengthening refining and marketing infrastructure.
For 9MFY26, HPCL posted a net profit after tax of ₹11,982 crore, compared with ₹3,320 crore a year ago, while revenue from operations stood at ₹3,54,941 crore.
