Hindustan Petroleum Corporation Limited (HPCL) has reported Revenue from operations of ₹ 1,19,044 crore for the period Apr-Jun 2023.

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Highlights of Result

The Company has reported Decadal High Quarterly Standalone Profit after Tax (PAT) of ₹ 6,204 crore during Apr-Jun 2023 registering an increase of 192% over ₹ 3,223 crore PAT reported during Q4 FY22-23 (Standalone Net Loss of ₹ 10,197 crore during the corresponding period of previous year). Consolidated PAT during this period was ₹ 6,766 crore as compared to Consolidated Net Loss of ₹ 8,557 crore during the corresponding period of previous year.

Average GRMs (Gross of export duty) for the period Apr-Jun 2023 were US$ 7.44 per barrel (US$ 16.69 per barrel during the corresponding period of previous year).


Exceptional Physical Performance

HPCL refineries processed highest ever quarterly crude thru-put of 5.40 Million Metric Tonnes (MMT) during Apr-Jun 2023 (operating at 105.9%) registering a growth of 12.3% over 4.81 MMT crude processed during the corresponding period of previous year. Visakhapatnam Refinery functioning at enhanced capacity of 11 MMTPA processed highest ever quarterly crude thru-put of 2.96 MMT (~ 108% of installed capacity). The
period also saw highest ever quarterly production of HSD (2338 TMT) and Lube Oil Base Stock (137.5 TMT) at HPCL refineries.
On the marketing front too, HPCL achieved highest ever Quarterly total sales volume (including exports) of 11.85 MMT (10.70 MMT during corresponding period of previous year) representing a growth of 10.7%.

In the domestic market, HPCL registered highest ever quarterly sales volume of 11.43 MMT during Apr-Jun 2023 registering a growth of 9.4% as compared to industry growth of 5.5% during this period (10.45 MMT Domestic Sales volume during corresponding period of previous year).

HPCL also registered a stellar QoQ growth and highest ever quarterly sales volume in Motor Fuels with Petrol sales (2.34 MMT) growing by 9.3% and Diesel sales (5.46 MMT) growing by 10.8% with market share gain of 0.58% & 0.57% respectively.
HPCL also recorded its highest ever Pipeline thru-put of 6.49 MMT – a growth of 12.9% over pipeline thru-put of 5.75 MMT during corresponding period of previous year, surpassing the previous high of 6.13 MMT achieved during Q4 FY22-23.

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