- The company operates more than 19000 retail outlets
- Petrol & diesel together historically contributed more than 60% of total sales
Hindustan Petroleum Corporation (HPCL) is one of India’s largest public sector refining & marketing companies.
Hindustan Petroleum Corporation (HPCL) is one of India’s largest public sector refining & marketing companies.
HPCL’s results were better than estimates on the profitability front due to higher other income.
1. Financial Performance:
- Revenue from operations of Rs 1,02,618 crore for Q2FY24. For H1FY24, the Revenues were Rs 2,21,662 crore.
- Consolidated profit after tax (PAT) of Rs 12,592 crore during H1FY24, compared to a net loss of Rs 11,033 crore in H1FY23.
- Standalone PAT for H1FY24 was also the highest ever at Rs 11,322 crore, compared to a net loss of Rs 12,369 crore last year.
- Average Gross Refining Margins (GRMs) for Q2FY24 were USD 13.33 per barrel, an increase from USD 8.41 per barrel in Q2FY23.
2. Exceptional Physical Performance:
- HPCL's refineries processed a record quarterly crude throughput of 5.75 MMT during Q2FY24, operating at 111.6% capacity, marking a 28% growth from Q2FY23.
- Visakhapatnam Refinery processed the highest ever quarterly crude throughput of 3.23 MMT, while Mumbai Refinery recorded its highest quarterly crude throughput of 2.52 MMT.
- The half-yearly crude throughput for Apr-Sep 2023 was 11.15 MMT, a growth of 19.9% over the previous year.
3. Marketing Performance:
- HPCL achieved a quarterly total sales volume of 10.74 MMT during Q2FY24, representing a growth of 3.4% compared to the same period last year.
- Domestic sales volume registered a growth of 3.02% with 10.08 MMT sold during the quarter.
- HPCL recorded the highest-ever LPG sales of 4.04 MMT during H1FY24, with a growth of 4.4% compared to the previous year.
- The company's presence in the aviation segment grew by 27.4% during the same period.
4. Projects and Initiatives:
- HPCL has invested Rs 7,196 crore during H1FY24 to strengthen refining and marketing infrastructure.
- The Visakhapatnam Refinery Modernization Project achieved the commissioning of a new Hydrogen Generation Unit and Sulphur Recovery Unit, among other milestones.
- The 9 MMTPA grassroots refinery cum petrochemical project at Barmer, Rajasthan achieved mechanical completion of the Diesel Hydrotreating and Hydrogen Generation Units.
- New initiatives include collaborations for research in green hydrogen, battery technology, and biofuels, and partnerships for white-label ATMs and electric two-wheeler battery swapping.
Equity Capital: 32,263.27 Cr FV: 10.00
Period | MF Net Purchase / (sold) | FII Net |
---|---|---|
LAST 1M | 19,382.05 | 35,983.55 |
LAST 3M | 58,542.74 | 18,995.44 |
LAST 6M | 99,640.08 | 90,958.37 |
LAST 12M | 166,983.77 | 138,194.89 |
Date | Action Type | Ratio |
---|---|---|
Aug 22, 2022 | Dividend | 140 |
Jul 08, 2021 | Dividend | 227.5 |
Hindustan Petroleum Corporation Ltd is a listed company that operates in Refineries industries and has a market capitalization of Rs 36002.75 crore on 18th August 2021. At the end of June 2021, it registered revenue of Rs 77,957.51 crores. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned number 500104 and scrip code HINDPETRO. As of 19th August 2021, Hindustan Petroleum Corporation Ltd is trading at Rs. 253.80.
Hindustan Petroleum Corporation Ltd (HPCL) is a Navratna company incorporated in 1952. HPCL has collaborated with a foreign company to operate an 11.3 MMTPA capacity refinery at Bathinda, Punjab, with a 49% equity stake. The company is mainly engaged in refining crude oil and marketing petroleum products, producing hydrocarbons, and providing services for the management of exploration and production (EP) Blocks. The company has acquired two gas blocks in Australia for consideration of AUD 85 million. It recommended issuing bonus shares in the ratio of two bonus shares for every existing equity share in 2016. As of 31st March 2021, promoters within the company held 53.5% of the total number of shares. Foreign institutional investors held 16.33%; the mutual fund held 14.22%. The Balance of 15.95% by others which insurance companies and other individuals. The shares buy-back program, which commenced on 17th November 2020, has concluded on 14th May 2021. During the entire buy-back period, a total of 10,52,74,280 shares, representing 6.91% of paid-up Share Capital (before the commencement of buy-back) with a face value of Rs. 105,27,42,800/- have been repurchased and extinguished.
In June 2021, net sales were Rs 77957.51 crore, up 67.04% from Rs 46670.13 crore in June 2020. The quarterly Net Profit in June 2021 was Rs. 1,795.00 crores, low 36.21% from Rs. 2,813.83 crore in June 2020. The EPS for June '2021 is Rs. 12.06 which has decreased by 31.78% compared to Rs. 18.47 in the quarter ended June 20. The average Gross Refining Margin during the quarter ended 30th June 2021 was US $ 3.31 per BBL as against the US $ 0.04 per BBL during the corresponding quarter of the preceding financial year.
Petroleum House, 17 Jamshedji Tata Road, Mumbai, Maharashtra, 400020
Tel | : | 91-22-22863900 |
: | corphqo:hpcl.co.in | |
Website | : | http://www.hindustanpetroleum.com |
Link Intime India Pvt Ltd
AGM Date (Month) | : | Aug |
Face Value Equity Shares | : | 10 |
Market Lot Equity Shares | : | 1 |
BSE Code | : | 500104 |
NSE Code | : | HINDPETRO |
Book Closure Date (Month) | : | |
BSE Group | : | A |
ISIN | : | INE094A01015 |
You can buy Hindustan Petroleum Corporation Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Hindustan Petroleum Corporation Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Dec 11, 2023 03:19 PM the closing price of Hindustan Petroleum Corporation Ltd was ₹ 360.30.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 11, 2023 03:19 PM, the market cap of Hindustan Petroleum Corporation Ltd stood at ₹ 51,110.28.
The latest PE ratio of Hindustan Petroleum Corporation Ltd as of Dec 11, 2023 03:19 PM is 3.22
The latest PB ratio of Hindustan Petroleum Corporation Ltd as of Dec 11, 2023 03:19 PM is 0.84
The 52-week high of Hindustan Petroleum Corporation Ltd is ₹ 396.00 while the 52-week low is ₹ 211.65
According to analyst recommendations, Hindustan Petroleum Corporation Ltd has a “Buy” rating for the long term.