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HPCL vs Adani Energy Solutions Q4 FY26

Side-by-side earnings comparison across verified financials, sentiment, risks, and management commentary.

HPCL

HPCL delivered a strong Q4 FY26 with standalone PAT of ₹4,901 crore (+46% YoY), driven by robust Jan-Feb momentum and lagged crude benefits in March.

AD

Adani Energy Solutions

Adani Energy Solutions delivered a strong Q4 FY26, with consolidated EBITDA reaching ₹8,726 crore for the full year, driven by record smart meter installations of 83 lakh units (vs.

Result Snapshot

Revenue₹1,14,937 Cr₹7,443 Cr
PAT₹6,065 Cr₹723 Cr
EBITDA Margin8%
Sentimentbullishbullish

Key Quotes

We are fully secured on the crude supply, we are very comfortable on the supply side.
Vikash Kel · Chairman & Managing Director
We have now reached to close to 15,000 cr capex. We will continue to improve the capex and reach about 20 cr capex this year.
Kandar Patel · CEO