HPCL Q4 Results: Operating performance strong; Board approves highest dividend in five years

Shares of state-run oil refiner Hindustan Petroleum Corporation Ltd. gained up to 2% on Wednesday, in response to their March quarter results, and the board also approving the highest dividend payout in five years.

For the March quarter, HPCL reported a net profit of ₹4,901 crore, well above the CNBC-TV18 poll of ₹2,120 crore. On a sequential basis, HPCL's net profit rose 20%.

Revenue for the quarter stood at ₹1.15 lakh crore, the same as the December quarter, and marginally below the CNBC-TV18 poll of ₹1.35 lakh crore.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter rose 28% from the previous quarter to ₹8,979 crore, while margins expanded by 170 basis points to 7.8% from 6.1% in the previous quarter.

For the full financial year, HPCL's Gross Refining Margin stood at $8.79 a barrel, compared to $5.74 a barrel in financial year 2025.

HPCL Approves Dividend

The board of HPCL has also declared a dividend of ₹19 per share for financial year 2026, which is the highest that the company has paid to its shareholders in the last five years.

By virtue of its 54.9% stake in HPCL, the government will be receiving ₹2,219 crore as dividend payout from the company.

Shares of HPCL are trading 2.1% higher after the results announcement. The stock has risen 8.1% over the last one month.