Hindustan Petroleum Corporation Limited (HPCL) posted a 46% year-on-year jump in consolidated net profit to Rs 4,902 crore in Q4 of FY26. The company also announced a final dividend of Rs 19.25 per share. On a standalone basis, total income rose 4.5% year-on-year to Rs 1.24 lakh crore, underscoring stronger performance in the quarter.
Indian oil companies are taking heavy hits as crude oil prices stay elevated, slashing marketing margins on petrol and diesel. LPG is expected to see under-recoveries of around Rs 80,000 crore this fiscal, while fertiliser subsidies are also forecast to rise. Profitability across energy-linked sectors could worsen unless global tensions ease and supply chains normalize.
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