Hindustan Petroleum Corporation Limited (HPCL) has reported Revenue from operations of Rs. 1,16,127 crore for the period Oct-Dec 2022 registering growth of 12% over the corresponding period of previous year (Rs. 1,03,422 crore). For the period Apr-Dec 2022, the growth in Revenue from operations was 31% taking the same to Rs. 3,51,748 crore as compared to Rs. 2,68,608 crore during the corresponding period of previous year.

The gradual softening in international oil prices helped in partially restoring the marketing margins on Transport fuels from unprecedented levels prevalent during Apr-Sep 2022. However, marketing margins continued to remain suppressed for select Transport fuels, thereby impacting the profitability, resulting in Net Profit of Rs. 172 crore during Oct-Dec 2022 as compared to Profit after Tax (PAT) of Rs. 869 crore during the corresponding period of previous year. For the period Apr-Dec 2022, net loss is Rs. 12,197 crore as compared to Profit after Tax (PAT) of Rs. 4,587 crore during the corresponding period of previous year.

On a consolidated basis, HPCL reported net loss of Rs. 10,589 crore for period Apr-Dec 2022 as compared to consolidated PAT of Rs. 5,276 crore during the corresponding period of previous year.

HPCL refineries at Mumbai and Visakh processed highest ever quarterly crude thru-put of 4.83 Million Metric Tonnes (MMT) during Oct-Dec 2022 (4.24 MMT crude processed during the corresponding period of previous year). The thru-put during Apr-Dec 2022 period was 14.13 MMT as compared to 9.28 MMT crude processed during Apr-Dec 2021.

Average GRMs (Gross of export duty) for the period Oct-Dec 2022 were US$ 9.14 per barrel (US$ 6.39 per barrel during the corresponding period of previous year) and Average GRMs (Gross of export duty) for period Apr-Dec 2022 were US$ 11.40 per barrel compared to US$ 4.50 per barrel during the corresponding period of previous year.

During Oct-Dec 2022, HPCL achieved highest quarterly total sales volume of 11.25 MMT (10.54 MMT during corresponding period of previous year) representing a growth of 6.7%. The company recorded higher than Industry growth in major lines of MS, HSD, LPG, Lubes and Furnace Oil. The total sales volume during Apr-Dec 2022 was 32.34 MMT (28.47 MMT during corresponding period of previous year) with growth of 13.6%. During this period, HPCL has outperformed Industry in all major products except ATF.