HPCL vs Torrent Power 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.

Torrent Power reported Q4 FY26 PBD of ₹547 cr, down 12% YoY, impacted by a ₹171 cr non-recurring provision for power purchase cost disallowance.

Revenue₹1,14,937 Cr₹6,406 Cr

PAT₹6,065 Cr₹331 Cr

EBITDA Margin8%—

Sentimentbullishneutral

We are fully secured on the crude supply, we are very comfortable on the supply side.

Vikash Kel · Chairman & Managing Director

We are hopeful that the current matter will be also approved in our favor.

Sor Mashraala · Executive Director and CFO