Resilient physical performance during 2QFY25 with Sales Volume growth (including exports) of 8.2%
Standalone Revenue from Operations ₹ 1,08,216 crores
Mumbai, 25thOctober2024
In the backdrop of good physical performance in both Refineries and Marketing, Hindustan Petroleum Corporation Limited (HPCL) has reported Standalone Revenue from Operations of ₹1,08,216crore during 2QFY25 (₹1,02,618 crore during 2QFY24).The Company’sStandalone Profit after Tax (PAT) during this quarter is₹631crore (₹5,118 crore during 2QFY24). The Consolidated PAT during this quarter is ₹143crore (₹ 5,827 crore during 2QFY24).The primary reasons for lower PAT are suppressed marketing margins on select petroleum products,reduced refining marginsdue to lower cracks and falling International crude & Product prices.
Average GRMs for 2QFY25 were US$3.12per barrel (US$ 13.33per barrel during 2QFY24). The reduction in GRMs isin line with the trend of international benchmark product cracks.
Physical Performance
During the period Apr-Sep 2024, HPCL Refineries recorded highest ever crude thruputof 12.06 MMT (operating at 103.7% of the installed capacity)registering an increase of 8.2% over the thruput of 11.15 MMT during Apr-Sep 2023.During 2QFY25, the refineries recorded crude thruputof6.30 MMT (operating close to 107.7% of the installed capacity) registering an increase of 9.6% over the thruput of 5.75 MMT during 2QFY24. Widening the company’s crude basket, HPCL procured two new grades of crude (Jubilee and Pazflor) for the first time.
During the period Apr-Sep 2024, HPCL recorded sales volume of 24.25 MMT (including exports) registering a growth of 7.3% as against 22.59 MMT during Apr-Sep 2023. The company recorded sales volume of 11.62 MMT (including exports) during 2QFY25 registering a growth of 8.2% as against 10.74 MMT during 2QFY24. On the domestic front, HPCL achieved sales volume growth of 5.6% during the quarteras against PSU Industry growth of 1.8%. HPCL also recorded market share gain of 0.78% amongst PSU oil companies during the quarter.
During 2QFY25, sale of Motor fuels was 6.8 MMT (growth of 4.5% over2QFY24) and in case of LPG, the company achieved a sales volume of 2.25 MMT(growth of 5.9% over2QFY24).The Aviation business of the company recorded agrowth of 19.6% over2QFY24 with sales volume of 250 TMT during 2QFY25.
HPCL’s Lubricants segment sales volume was 168 TMT during the quarter,(growth of 5.0%over2QFY24).During 2QFY25, the company recorded its highest-ever petrochemical sales of 30.4 TMT.
HPCL also recorded pipeline thruput of 6.53 MMT during 2QFY25(growth of 6.5% over 2QFY24).
