Prolonged geopolitical crisis
Continued supply disruptions and high crude prices could deepen losses and delay recovery.
high · management_commentary
Hindustan Petroleum Corp Ltd — Q4 FY26
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.
bullish
high
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
LPG under-recoveries escalating
LPG loss per cylinder rose from ₹84 in Q4 to ₹170 in April and ₹670 in May, straining finances.
high · analyst_questionBarmer refinery startup delays
Fire incident on April 20 delayed commissioning; any further setbacks could impact self-sufficiency.
medium · management_commentaryNo forward guidance on losses
Management declined to quantify daily loss rate, leaving uncertainty for investors.
medium · analyst_question