HPCL Share Price in Focus Post Q2 FY25 Results

HPCL share price is in focus after Q2  FY25 results, and the share price is down by 0.64%. 

State-owned Hindustan Petroleum Corporation Ltd (HPCL) has reported a significant 97.5% decline in its net profit for the July-September quarter of the 2024-25 fiscal year. The company’s consolidated net profit dropped to ₹142.67 crore, compared to ₹5,826.96 crore in the same period last year. This marks a sharp sequential decrease from the ₹633.94 crore profit reported in the April-June quarter.

The drastic profit reduction was largely due to lower refinery margins and shrinking fuel sales earnings. HPCL’s pre-tax earnings from fuel retail dropped significantly, falling to ₹1,285.96 crore from ₹6,984.60 crore in the previous year’s quarter.

Last year, HPCL and other state-run fuel retailers, including Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd (BPCL), saw substantial gains by maintaining steady petrol and diesel prices despite declining costs. This price hold helped them recover earlier losses from the previous year when retail prices remained unchanged despite cost surges. However, the recent cut in petrol and diesel prices by Rs 2 per litre, introduced before general elections, along with relatively stable crude prices and declining product margins, has now reduced profits significantly.

About Hindustan Petroleum Corporation Ltd

Hindustan Petroleum Corporation Ltd (HPCL) primarily focuses on refining crude oil, marketing petroleum products, and producing hydrocarbons. It also offers management services for exploration and production (E&P) blocks. HPCL is expanding its reach into areas like petrochemicals, LNG, logistics, and retail chains, as well as emerging energy technologies such as hydrogen and fuel cells.

On November 11, 2024, HPCL Share Price opened at ₹920.00 and touched the day low of ₹375.15, representing a fall of 0.40% at 01:44 PM.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.