HPCL

HPCL delivered a strong Q4 FY26 with standalone PAT of ₹4,901 croreCurrent reported value: ₹4,901 crore. No comparable prior figure is available in the source record. (+46Current reported value: 46. No comparable prior figure is available in the source record.% YoY), driven by robust Jan-Feb momentum and lagged crude benefits in March. Full-year standalone PAT of ₹17,175 croreCurrent ₹17,175 crore. Reported change: +133% YoY. (133% YoY) was 17% above the previous best. Key drivers included cost savings of ₹1,691 croreCurrent ₹1,691 crore. Reported change: +₹191 Cr vs revised target. under the Samriddhi program, tight working capital management reducing debt by ₹15,724 croreCurrent reported value: ₹15,724 crore. No comparable prior figure is available in the source record. to ₹47,599 crCurrent ₹47,599 Cr. Reported change: -₹15,724 Cr YoY.ore, and lower interest costs. The Barmer refinery (HRRL) commissioning was delayed by a minor fire but is expected to achieve COD shortly, with ramp-up to 60% capacity in June. The new RFCC unit at Mumbai refinery is stabilizing after catalyst clogging issues. However, Q1 FY27 is expected to be very tough due to high crude prices and product price caps, with management acknowledging losses but declining to quantify. The key risk is prolonged geopolitical turmoil further squeezing margins and delaying the recovery of marketing losses.