Hindustan Petroleum Corporation Limited — Q2FY27 earnings call summary

Filed 27 October 2026 · Official transcript

Rajasthan refinery running at ~60% utilization; full capacity run expected by Dec with 8-9 MMTPA throughput
Q2 FY27 EBITDA swung to INR9,822 Cr profit from INR14,860 Cr loss in Q1
HRRL refinery stabilization ongoing; expected uplift of $0.65-$0.7 per barrel in October, targeting full benefit by March
Expect 95% of HPCL product needs met internally post Barmer refinery ramp-up
Freight costs doubled Q1 to Q2; crude sourcing volatile with mix shifting to delivered basis
Equity infusion and debt restructuring at Rajasthan refinery reduced interest cost by ~105 bps
LPG under-recovery INR500 Cr in Q2; buffer receivable from government INR18,049 Cr
Digital initiatives progressing with AI-enabled supply chain and automation