Hindustan Petroleum Corp Ltd (NSE:HINDPETRO)

Q3 2025 Hindustan Petroleum Corp Ltd Earnings Call Transcript

Jan 24, 2025 / 05:30AM GMT

Release Date Price: ₹352.85 (-2.55%)

Transcript

Key Points

Positve

Hindustan Petroleum Corp Ltd (BOM:500104) reported a significant increase in profit after tax for Q3 FY25, reaching INR3,023 crore compared to INR529 crore in the same quarter of the previous year.
The company achieved its highest ever crude throughput of 18.53 million metric tonnes, operating at 106% of installed capacity.
Sales volume growth outpaced industry growth, with a 7.6% increase in sales volume from April to December 2024.
The company commissioned a 5 million metric ton Chhara LNG regassification plant, enhancing its infrastructure capabilities.
Hindustan Petroleum Corp Ltd (BOM:500104) has been actively expanding its retail network, commissioning 450 new retail outlets and 6 LPG distributorships during the quarter.

Negative

The average gross refining margin (GRM) decreased to $6.01 per barrel from $8.49 per barrel in the previous year.
The company faced inventory losses during the quarter, with INR355 crore in refinery and INR460 crore in marketing.
There was a reported loss of INR700 crore in the integrated operations of HMEL, primarily due to subdued polymer prices.
The company is still awaiting government approval for the carve-out of its lubricant business, which could delay potential value unlocking.
The under-recovery on LPG subsidies amounted to INR7,600 crore, with INR3,100 crore in Q3 alone, impacting financial performance.

Operator

Ladies and gentlemen, good day, and welcome to the Hindustan Petroleum Corporation Limited Q3 FY25 results conference call hosted by Antique Stockbroking Limited. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Varatharajan from Antique Stockbroking Limited. Thank you, and over to you, sir.

Varatharajan Sivasankaran

Antique Stockbroking Limited - Analyst

Thank you, Sejal. A very good morning to all the participants and the management of HPCL. We have with us Mr. Rajneesh Narang, Director, Finance; and holding additional charge as CMD; Mr. S. Bharathan, Director, Refineries; and Mr. K. Vinod, Executive Director, Corporate Finance and CFO. Also a very warm welcome to all the participants and the management. I would like to hand over the floor to Rajneesh Narang for the opening remarks.

Rajneesh Narang

Hindustan Petroleum Corp Ltd - Chairman & Managing Director

Good morning, everyone. I'm Rajneesh Narang, Director of Finance, with the

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