HPCL reports 6% decline in profit for Q2 amidst rising fuel prices

Hindustan Petroleum Corporation Ltd reported a 6% decline in profit for the second quarter of financial year 2027, as rising fuel prices coincided with a mixed quarterly performance.

Revenue from product sales increases

HPCL’s consolidated revenue from the sale of products reached ₹1.38 lakh crore in Q2FY27. That was 26% higher than the ₹1.09 lakh crore recorded in Q2FY26.

The increase marks a substantial rise in revenue from product sales compared with the same quarter of the previous financial year. However, the higher revenue figure did not result in profit growth.

Profit declines despite higher revenue

HPCL’s profit fell 6% during the quarter. The available results do not provide the absolute profit figure or specify the factors behind the decline.

The figures highlight a clear contrast in the company’s quarterly performance: consolidated revenue from product sales expanded, while profit moved lower. The result was reported amid rising fuel prices, adding significance to the difference between sales growth and profitability.

Mixed result for the oil company

HPCL’s Q2FY27 numbers therefore present a combination of strong revenue growth and weaker profit performance. Revenue rose from ₹1.09 lakh crore to ₹1.38 lakh crore year on year, but the company still recorded a 6% decline in profit.

Further details would be needed to assess the reasons for the profit reduction. Based on the reported figures, the quarter’s key development is the widening gap between higher product-sale revenue and lower profit.