Q2 handout: profit of Rs. 3,483 crore, but half year shows a loss of Rs. 8,044 crore
Q2 FY27 handout: Revenue Rs. 1,39,140 crore, PAT Rs. 3,483 crore, EBITDA Rs. 9,822 crore, GRM US$ 32.15/bbl.
By ScoutQuest · · 1 min read
- Q2 Revenue from Operations
- Rs. 1,39,140 crore
- Q2 PAT
- Rs. 3,483 crore
- H1 PAT (loss)
- a loss of Rs. 8,044 crore
Quarter in profit, half year in loss
The handout for the quarter and half year ended September 30, 2026 sets a profitable second quarter against a loss for the six-month period.
- Q2 2026-27: Revenue from Operations Rs. 1,39,140 crore, PAT Rs. 3,483 crore, EBITDA Rs. 9,822 crore.
- H1 2026-27: Revenue from Operations Rs. 2,84,267 crore, PAT a loss of Rs. 8,044 crore, EBITDA a negative Rs. 5,038 crore.
The half-year figures include the second quarter, so the six-month numbers also carry the first quarter's performance within them. The two sets of figures should be read together rather than in isolation.
What the quarter shows on operations
- Gross Refining Margin before export cess was US$ 32.15 per barrel in Q2.
- Refinery throughput was 6.20 MMT in Q2.
Simple meanings of the terms used
- Revenue from Operations: the money earned from the company's main business of refining and selling petroleum products.
- PAT (Profit After Tax): what is left after all expenses, interest and tax are deducted. A figure in brackets means a loss.
- EBITDA: operating profit before interest, tax, depreciation and amortisation are deducted.
- GRM (Gross Refining Margin): what the refinery earns per barrel of crude oil it processes, before export cess. It is quoted in US dollars per barrel, so it is not directly comparable with the rupee figures.
- MMT: million metric tonnes, the unit used for crude processed and products sold.
The handout also carries detailed operational data on refinery, pipeline and marketing volumes for both the quarter and the half year, alongside the financial highlights. The financial highlights are stated in Rs. crore.
Also from Hindustan Petroleum Corporation
HPCL shares audio recording link of conference call held October 23, 2026 at 11:00 a.m. IST
23 Oct 2026
Investor presentation for Q2 FY 2026-27 conference call posted on company website
23 Oct 2026
Consolidated results for the quarter Ended 30.09.2026 Un-Audited
22 Oct 2026
More numbers
- Q2 2026-27 Revenue from Operations (Rs. crore)1,39,140
- H1 2026-27 Revenue from Operations (Rs. crore)2,84,267
- Q2 2026-27 PAT (Rs. crore)3,483
- H1 2026-27 PAT (Rs. crore)(8,044)
- Q2 2026-27 EBITDA (Rs. crore)9,822
- H1 2026-27 EBITDA (Rs. crore)(5,038)
- Q2 2026-27 GRM before export cess (US$/bbl)32.15
- Q2 2026-27 Refinery throughput (MMT)6.20
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