Hindustan Petroleum Corporation Limited — Q1FY27 earnings call summary

Filed 29 July 2026 · Official transcript

Rajasthan Refinery ramping up, CDU at 60% utilization; full capacity expected by Q3 FY27
Capex guidance lowered below INR9,700 Cr for FY27; discretionary spends deferred
Q1 FY27 saw significant challenges with crude price volatility and inventory markdowns impacting results
Seven-pronged response: balance sheet improvement, capex control, interest cost management, profitability programs, retail growth, refinery optimization, digital initiatives
Marketing under-recovery approx INR26,000 Cr in Q1; inventory losses substantial but expected to reverse
Vizag refinery stabilization ongoing; RUF unit complex but expected stable within Q2 FY27
Confident outlook with operational improvements and strategic initiatives to strengthen margins and cash flow
Launched premium LPG product HP Navya with urban rollout planned by Diwali