Q4 2025 Hindustan Petroleum Corp Ltd Earnings Call Transcript
Key Points
- Hindustan Petroleum Corp Ltd (BOM:500104) reported an 18% increase in Q4 PAT on a year-on-year basis.
- The company achieved record refining throughput of 25.27 million tonnes, with significant contributions from the Vizag and Mumbai refineries.
- Marketing volumes for FY25 reached a record 49.82 million tonnes, with a market share gain of 0.25% among peers.
- The company commissioned a state-of-the-art 5 MMTPA terminal at Chhara and signed its first major mid-term gas deal, strengthening its position in the gas business.
- The Board of Directors recommended a dividend of INR10.5 per share, reflecting strong financial performance.
- Hindustan Petroleum Corp Ltd (BOM:500104) absorbed INR10,900 crore of LPG under-recovery, impacting profitability.
- The company's debt remains elevated at INR56,000 crore to INR57,000 crore, with a debt to equity ratio of 1.38.
- The Barmer refinery project is still under progress, with significant debt tied up, and the full financial benefits are yet to be realized.
- Diesel sales growth was tepid, with only a 2.2% increase compared to the industry growth of 0.3%, indicating potential demand challenges.
- The company faces challenges in the petrochemical segment, with HMEL reporting a negative PAT due to depressed prices.
Ladies and gentlemen, good day and welcome to the Q4 and FY25 earnings conference call of Hindustan Petroleum Corporation Limited hosted by Antique Stock Broking Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Varatharajan Sivasankaran from Antique Stock Broking. Thank you and over to you, sir.
Thank you, Steve. A very good morning to everyone. It's my pleasure to welcome all the participants to this fourth-quarter HPCL results call. I would like to extend a special welcome to the Chairman, Managing Director, Mr. Vikas Kaushal; Mr. Rajneesh Narang, Director, Finance; Mr. S. Bharathan, Director, Refineries; and Mr. K. Vinod, Executive Director, Corporate Finance.
I also take the liberty of representing the investing community in extending a special welcome as well as extending your best of -- best wishes for a successful stint at HPCL to Mr. Vikas Kaushal. I'd like to hand over the call to Mr. Kaushal for
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