By Newscript News Network
August 22, 2025
HPCL’s first quarter underscored the operating leverage embedded in the system. Consolidated PAT surged 548% to ₹4,111 crore as refineries ran hard and marketing volumes broadened. Quarterly throughput hit a record 6.66 MMT (+15.6%) and sales volumes reached 13.04 MMT. Visakh (111%) and Mumbai (106%) operated above nameplate; retail and aviation demand held up with petrol at 2.62 MMT (+5.4%), CNG at 310 TMT (+22.1%), and ATF at 291 TMT (+11.4%). Commissioning of the Chhara LNG regasification terminal adds flexibility to the gas‑side portfolio, providing a hedge as the transport and industrial segments evolve.
Innovation is now a tangible revenue line rather than a brochure slide. The HP Green R&D Centre has filed 669 patents with 259 granted, and the licensing pact for HP‑NanoPro with Pacific Industrial Development Corporation signals a willingness to commercialise IP beyond fuels. The bigger task is to sustain utilisation and margins through crude swings while deploying capex with tight paybacks.
Market view & expert recommendations: Trading around ₹393.15 (↑0.61%), HPCL flashed a 200‑day EMA bullish crossover on Aug 19; historically, such signals delivered average 30‑day gains near 5.78%. The dividend yield near 3.84% underpins carry. Experts frame the stock as an accumulate on dips: superior utilisation, LNG optionality and IP monetisation offset weekly MACD hesitation. Risks are familiar—crude whipsaw and policy intervention on pump prices—but monthly momentum remains supportive. The near‑term playbook: ride throughput strength, watch LNG utilisation ramp and monitor retail/CNG additions for incremental uplift.
