Mixed financial results for Hindustan Petroleum and IHCL

Hindustan Petroleum Corporation Limited (HPCL) reported its unaudited financial results for the quarter and half-year ending September 30, 2026. The company saw revenue from operations rise to ₹1,39,140 crore in Q2 FY27, up from ₹1,10,323 crore in the previous year's corresponding quarter. Gross Refining Margins also increased significantly to US$ 32.15 per barrel. However, standalone profit after tax for the quarter decreased to ₹3,483 crore from ₹3,830 crore, and the half-year results showed a net loss of ₹8,044 crore.

In contrast, IHCL reported record consolidated financials for the same period. The company achieved a consolidated revenue of INR 2,566 crores, representing a 21% increase over the previous year. IHCL's profit after tax (PAT) rose by 23% to INR 349 crores. Management noted that this marks the eighteenth consecutive record quarter for the company, driven by a 25% rise in RevPAR from domestic same-store hotels and increased management fee income.