Did HPCL achieve an 18% increase in Q4 net profit with a Rs 3,355 crore declaration and a Rs 10.50 dividend?
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Synopsis
HPCL celebrates a significant milestone with an impressive 18% rise in Q4 net profit, reaching Rs 3,355 crore. A Rs 10.50 dividend is also declared for shareholders. With ambitious plans for expansion and renewable energy, HPCL sets the stage for a transformative future in the oil sector. Dive into the details of this remarkable financial performance!
Key Takeaways
- HPCL's Q4 net profit stands at Rs 3,355 crore, marking an 18% increase.
- A final dividend of Rs 10.50 per share has been declared.
- HPCL's investment plan for 2025 exceeds Rs 1.3 lakh crore.
- Future expansion includes a 20% increase in Vizag refinery capacity.
- New projects aim for 10 GW of renewable energy by 2030.
New Delhi, May 6 (NationPress) Hindustan Petroleum Corporation Ltd. (HPCL) has announced a standalone net profit of Rs 3,355 crore for the January-March quarter of the financial year 2024-25, marking an impressive 18 percent growth compared to the same quarter of the previous fiscal year 2023-24.
The total income for the fourth quarter reached Rs 1.19 lakh crore.
Additionally, HPCL has declared a final dividend of Rs 10.50 per equity share for the fiscal year concluding on March 31, 2025. Shareholders eligible for this payment will be determined based on a record date set for August 14.
Looking ahead, HPCL has outlined an ambitious investment plan of Rs 1.3 lakh crore for 2025 and the years that follow. This plan includes increasing crude oil imports, expanding the Vizag refinery, and commissioning a new oil refinery in Barmer. Furthermore, the company aims to achieve 10 GW of renewable energy capacity by 2030.
To cater to the surging local fuel demand, HPCL plans to boost the capacity of its Vizag oil refinery by up to 20 percent.
The capacity of the Vizag refinery has recently been expanded to 300,000 barrels per day, with further increases on the horizon. Another 20 percent expansion of the refinery is in the pipeline.
Moreover, HPCL will soon commence operations at the new secondary units of the Vizag refinery, including a 3.5 million-ton-per-year residue upgradation unit. This initiative aims to enhance the distillate yield by 10 percent and improve the gross refining margin, thereby boosting profits.
In addition, HPCL is constructing a state-of-the-art petrochemical facility at its 180,000 bpd Barmer refinery in Rajasthan. Crude processing at this refinery is set to begin in June-July, with the petrochemical project expected to start operations by December, as stated by HPCL CMD Rajneesg Narang.
HPCL is also investing in a lube expansion project at its Mumbai refinery and developing a deasphalting plant to enhance bitumen production.
Point of View
I applaud HPCL's impressive financial performance and future strategies. The company's commitment to expansion and renewable energy is commendable, showcasing its leadership in the oil sector. HPCL's growth trajectory not only benefits shareholders but also contributes positively to the economy and energy sustainability in the country.
NationPress
06/05/2025
Frequently Asked Questions
What was HPCL's net profit for Q4 2024-25?
HPCL reported a standalone net profit of Rs 3,355 crore for the January-March quarter of financial year 2024-25, showing an 18% increase from the previous year.
What is the declared dividend by HPCL?
HPCL has announced a final dividend of Rs 10.50 per equity share for the fiscal year ending on March 31, 2025.
What are HPCL's future investment plans?
HPCL has laid out an investment plan of Rs 1.3 lakh crore for 2025 and beyond, focusing on refinery expansions and renewable energy initiatives.
When will HPCL start crude processing at the Barmer refinery?
Crude processing at HPCL's Barmer refinery is scheduled to begin in June-July 2025.
What capacity increase is planned for the Vizag refinery?
HPCL plans to increase the capacity of its Vizag oil refinery by up to 20% to meet rising local fuel demand.
