HPCL Q2 FY26 – Exceptional Profit Growth Driven by Strong Margins

Hindustan Petroleum Corporation Ltd (HPCL) posted an outstanding quarterly performance with a massive jump in profitability despite flat revenue growth, reflecting robust refining margins and improved operational efficiency. • Sales: ↑ 1% YoY to ₹1,00,856 crore (vs ₹99,957 crore in Sep 2024) • EBIDT: ↑ 198% YoY to ₹6,852 crore (vs ₹2,296 crore) • Net Profit: ↑ 2605% YoY to ₹3,859 crore (vs ₹143 crore) • EPS: ↑ 2607% YoY to ₹18.14 (vs ₹0.67) At a price of ₹469, market cap ₹99,763 crore, and PE 7.2, HPCL is trading at attractive valuations considering the strong earnings rebound. The results highlight a major turnaround in profitability, supported by better refining spreads and stable demand.