HPCL Q3 Results: Net Profit Rises Nearly 380%

• Revenue up 10.1% at Rs 1.10 lakh crore versus Rs 99,926 crore.

• Ebitda at Rs 5,970 crore versus Rs 2,724 crore.

• Net profit at Rs 3,023 crore versus Rs 631.2 crore.

• Margin at 5.4% versus 2.7%.

In the third quarter, HPCL infused Rs 2,892 crore to strengthen its refining and marketing infrastructure. This also includes investment in its joint venture and other subsidiary companies.

The company also started on the ‘lube modernisation and bottoms upgradation project’ at its Mumbai refinery with an expected cost of Rs 4,679 crore. The project is set to be completed by March 2028.

During the quarter, HP Green Research and Development Centre signed a Memorandum of Agreement with Engineers India Ltd., naming them as the exclusive partner for engineering, marketing, and promoting the HP-PSA (Hydrogen Pressure Swing Adsorption) technology developed by HP Green across India.

Also, HP Green filed 14 patents, bringing the total number of patents filed to 620, with 236 patents granted as of Dec. 31, 2024.

Shares of HPCL closed 2.16% lower at Rs 362.10 apiece on the NSE, compared to a 0.22% rise in the benchmark Nifty 50. The share price has risen 23.32% in the last 12 months.