HPCL Share Price Jumps 5% After Strong Q3 FY25 Results

Hindustan Petroleum Corporation (HPCL) shares rose by 4.9% to ₹380 on Friday, hitting an intraday high. The stock’s increase followed the announcement of a significant rise in the company’s quarterly net profit.

Profit Surge and Revenue Growth

HPCL’s net profit surged 257% year-on-year (Y-o-Y) to ₹2,544 crore in Q3, compared to ₹712.84 crore last year. Sequentially, profits increased by 16.83 times. The company’s revenue for the quarter stood at ₹1,18,513.22 crore, a 0.4% rise Y-o-Y and a 10% increase compared to the previous quarter.

Refinery Performance

HPCL’s refineries performed exceptionally well, recording their highest-ever crude throughput of 18.53 million metric tons (MMT) from April to December 2024, a 12.4% rise compared to the previous year. In Q3FY25, throughput increased by 21.2% to 6.47 MMT.

Record Sales Volume

The company also achieved a record sales volume of 37.12 MMT (including exports) for the 9 months ending December 31, 2024, showing a 7.6% growth from the previous year.

HPCL’s Green Initiatives and Low-Carbon Transition

In 3QFY25, HPCL’s Visakh Refinery launched an advanced Wet Air Oxidation (WAO) unit, a low-pressure technology for treating spent caustic streams. This new unit not only provides environmental benefits but also helps reduce operational costs.

HPCL Renewable & Green Energy Ltd., a subsidiary of HPCL, signed an MoU with the Government of Rajasthan to set up solar and wind hybrid projects. The company also partnered with the Government of Bihar for a ₹ 500 crore investment to establish 7 CBG plants in the state.

In 3QFY25, HPCL commissioned CNG facilities at 50 retail outlets, bringing the total to 1,851 outlets. Additionally, EV charging stations were added at 1,062 retail outlets, increasing the total to 5,104. Solar panels were installed at 467 retail outlets, bringing the total number of outlets with solar power to 21,334, covering 93% of HPCL’s retail network with renewable energy.

Oil Marketing Companies Benefit from Crude Oil Drop

Oil marketing companies (OMCs) like HPCL, Bharat Petroleum Corporation (BPCL), and Indian Oil Corporation (IOC) saw gains of up to 5% as crude oil prices fell. This drop followed US President Donald Trump’s call for Saudi Arabia and Opec to reduce oil prices during his address at the World Economic Forum. Brent crude futures were last down by 0.09% at $78.22 per barrel.

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