Hindustan Petroleum Q4fy23 Pat Up 78 8 At Rs3 608 Crore On One Time Government Grant For Under Recoveries

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

Hindustan Petroleum Q4FY23 PAT up 78.8% at Rs3,608 crore on one-time government grant for under-recoveries

ri-calendar-2-lineMay 14, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

Hindustan Petroleum reported 10.67% growth in total revenues for the March 2023 quarter on consolidated basis at Rs108,056cr. Sequential revenues were down -1.49%. For the full year FY23, HPCL reported total revenues of Rs466,192 crore. However, HPCL reported net loss of Rs-8,974 crore as high international crude prices had suppressed margins. For the March quarter, the average GRMs (gross refining margins) stood at $14.01/bbl compared to $12.44/bbl in the year ago period.

The operating margins for the quarter improved from 2.33% to 3.86% on the back of 83.8% growth in operating profits. For the quarter, the revenues benefited from Rs5,607 crore of one-time compensation paid to HCPL by the government against under-recoveries of oil costs. In the March quarter, the HPCL refineries at Mumbai and Vizag operated at 113% capacity and processed highest ever quarterly crude of 4.96 million metric tonnes (MMT).

Financial highlights for Mar-23 compared yoy and sequentially

HPCL

Rs in CroreMar-23Mar-22YOYDec-22QOQ
Total Income (Rs cr)₹ 1,08,056₹ 97,63510.67%₹ 1,09,688-1.49%
Operating Profit (Rs cr)₹ 4,173₹ 2,27083.81%₹ 628564.81%
Net Profit (Rs cr)₹ 3,608₹ 2,01878.77%₹ 444712.21%
      
Diluted EPS (Rs)₹ 14.10₹ -2.70 ₹ 7.71 
OPM3.86%2.33% 0.57% 
Net Margins3.34%2.07% 0.41% 

 

As part of the restructuring, HPCL will be separating its energy transition initiatives and its lubricants business into separate verticals. This will also help in value unlocking. For the quarter, the net margins at 3.34% were sharply higher than 2.07% in the year ago quarter. The company saw its interest coverage and debt service coverage improve sharply in the quarter.

Related News

News Thumbnail
Quarterly Result

BLS's Q2FY24 Financial Performance Review

2 mins read. November 6, 2023 at 08:56 AM

News Thumbnail
Quarterly Result

Interglobe Aviation's Q2FY24 Financial Performance Review

2 mins read. November 3, 2023 at 11:31 AM

News Thumbnail
Quarterly Result

Titan's Q2FY24 Financial Performance Review

2 mins read. November 3, 2023 at 10:59 AM

News Thumbnail
Quarterly Result

Zomato's Q2FY24 Financial Performance Review

3 mins read. November 3, 2023 at 09:50 AM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions