HINDPETRO

Recent Developments / News

Recent Developments / News Here are recent important developments: Crude Sourcing Strategy & Geopolitical Adjustments HPCL is reducing its intake of Russian crude, not primarily due to sanctions but because discount margins have narrowed. The company is exploring alternatives. It has increased crude imports from places like Iraq. New / Expanded Capacity Operationalizing the Barmer refinery in Rajasthan (~180,000 barrels per day) to add refining capacity. Vizag refinery is being upgraded / residue upgradation units are being added. Financial Performance Fluctuations Profitability has recently been under pressure due to high crude oil prices, narrower refining margins, and rising input costs. Some quarters showed sharp drop in profits. LNG & Energy Transition Moves Signed long-term LNG purchase agreements (e.g. with ADNOC). Moving into renewables, green energy business, some downstream/petrochemical integration. Operational Highlights / Other Initiatives Expanded retail / consumer offerings (e.g. Ashray Centres, partnerships). Strong performance in certain quarters (PAT growth). Changes in leadership: e.g. current Chairman & Managing Director is Vikas Kaushal. Key Financials & Ratios (Recent) Some metrics to note: Market Cap: ~ ₹85,500-₹90,000 Crore (approx). P/E: ~ around 8-9x based on recent earnings. ROE: In mid-teens (≈ 12-14 %). Dividend Yield: ~2.5-3 %. Sales / Revenue growth has been modest in recent years (some volatility). Profit growth: mixed — some quarters strong, others weak because of margin pressures. Strengths & Opportunities ✅ Strong government backing, Maharatna status. Integrated operations: refining + marketing + retail + LPG + lubricants gives multiple revenue streams. Expanding capacity (new/refinery upgrades) may improve margins and competitiveness. Diversifying crude supply helps reduce exposure to risks of sanctions, geopolitical disruptions.