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Key Points

Hindustan Petroleum Corporation Limited (HPCL) has demonstrated strong financial performance in the fourth quarter of 2024-25. The company reported an impressive 18% increase in net profit, reaching Rs 3,355 crore, and announced a dividend of Rs 10.50 per equity share. HPCL is actively pursuing an ambitious growth strategy, including refinery expansions in Vizag and Barmer, and aims to develop 10 GW of renewable energy capacity by 2030. The company's strategic investments and expansion plans signal robust growth and diversification in the energy sector.

Key Points: HPCL Posts 18% Q4 Profit Surge with Rs 10.50 Dividend

  • HPCL reports Rs 3,355 crore Q4 net profit with 18% year-on-year growth
  • Planning Rs 1.3 lakh crore investment for future expansion
  • Targeting 10 GW renewable energy capacity by 2030
  • Expanding Vizag refinery capacity by 20%
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HPCL clocks 18 pc jump in Q4 net profit at Rs 3,355 crore, declares Rs 10.50 dividend

HPCL reports robust Q4 performance, announces Rs 10.50 dividend, and unveils ambitious expansion plans across refineries and renewable energy

"We aim to increase crude oil imports and expand our refinery capacities - Rajneesh Narang, HPCL CMD"

New Delhi, May 6

Hindustan Petroleum Corporation Ltd. (HPCL) on Tuesday reported a standalone net profit of Rs 3,355 crore in for the January-March quarter of financial year 2024-25, which represents an 18 per cent increase over the corresponding figure for the same quarter of 2023-24.

The government-owned oil refining and marketing major’s total income during the fourth quarter came in at Rs 1.19 lakh crore.

HPCL also announced a final dividend of Rs 10.50 per equity share for the financial year which ended on March 31, 2025. The record date to determine the eligibility of the shareholders set to receive the payment has been set at August 14.

HPCL has drawn up a Rs 1.3 lakh crore investment plan for 2025 and beyond. The company aims to increase crude oil imports, expand its Vizag refinery, and commission the new Barmer oil refinery, and is also aiming for 10 GW of renewable energy capacity by 2030.

The company plans to increase the capacity of its Vizag oil refinery in southern India by as much as 20 per cent to meet growing local fuel demand.

HPCL recently expanded the capacity of the Vizag refinery to 300,000 barrels per day and is looking for a further increase. The company now has plans for another 20 per cent expansion of the refinery.

The oil major will soon start operations at the Vizag refinery's new secondary units, including a 3.5 million-ton-per-year residue upgradation unit to boost its distillate yield by 10 per cent and improve its gross refining margin to increase profits.

Besides, HPCL is also building a hi-tech petrochemical plant at its 180,000 bpd Barmer refinery in Rajasthan. While crude processing at the Barmer refinery will begin in June-July, the petrochemical project will start operation by December, HPCL CMD Rajneesg Narang said recently.

HPCL is also investing in a lube expansion project at its Mumbai refinery and a deasphalting plant to boost bitumen production.

- IANS

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Reader Comments

Here are 6 diverse Indian perspective comments for the HPCL article:
R
Rajesh K.
Great to see HPCL performing well! The dividend of ₹10.50 is a nice bonus for shareholders. But I hope some of these profits are used to stabilize fuel prices for common people. Petrol prices still pinch our pockets every month. 🚗
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Priya M.
The renewable energy target of 10GW by 2030 is impressive! Finally seeing our oil companies think green. Hope they achieve this while maintaining profitability. India needs this balanced approach to energy transition.
A
Arjun S.
₹1.3 lakh crore investment plan sounds ambitious. But will this create more jobs for local communities near Vizag and Barmer? Development should benefit the regions where these projects are coming up.
S
Sunita R.
As someone from Andhra, happy to see Vizag refinery expansion! This will boost our state's economy. But HPCL must ensure strict environmental safeguards - we've seen what happened in other refinery towns.
V
Vikram J.
Good numbers but I'm skeptical. Last year there was talk about reducing our crude import dependence. Now HPCL wants to increase imports? We need more focus on domestic production and alternatives like ethanol blending.
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Neha P.
The petrochemical plant in Rajasthan is a smart move! This will reduce our imports of specialty chemicals. Hope HPCL maintains quality standards - we don't want another Bhopal gas tragedy situation. Safety first! 🔬

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