HPCL Q1 FY27 Results 2026: Revenue up, net loss

What HPCL reported for Q1 FY27

Hindustan Petroleum Corporation Ltd (HPCL) reported a sharp swing to losses in Q1 FY27 (FY 2026-27), even as revenue rose strongly compared with the previous quarter and the year-ago period. In the quarterly results summary shared in the provided data, revenue for the quarter stood at ₹1,40,584.25 crore. The same summary showed operating profit at ₹-16,122.30 crore, PBDT at ₹-16,292.34 crore, and net profit at ₹-12,264.67 crore.

The update also included another set of financial highlights from HPCL’s investor relations material. It said Q1 FY27 standalone total income was ₹1,46,407.30 crore, with a standalone net loss of ₹11,526.41 crore. The same note reported a consolidated net loss of ₹12,264.67 crore for the quarter.

Revenue: QoQ jump and YoY growth

In the Q1 FY26-27 results summary, HPCL’s revenue was reported at ₹1,40,584.25 crore. This was described as a quarter-on-quarter (QoQ) increase of 22.31% from ₹1,14,937.21 crore. The same line item also stated year-on-year (YoY) growth of 26.85%.

Separately, the dataset also mentions that HPCL’s Q1 FY27 investor handout reported quarterly revenue of ₹1,45,126 crore and a net loss of ₹11,526 crore. Another line states HPCL reported revenue from operations of ₹1,45,225 crore (+20.8% YoY) and a net loss of ₹12,265 crore for Q1 FY27. These figures are presented as reported in the supplied material, and they indicate revenue in a similar band for the quarter, with losses of roughly ₹11,500 crore to ₹12,265 crore.

Profitability: operating profit and PBDT turned negative

The provided Q1 summary indicates operating profit of ₹-16,122.30 crore, showing a QoQ decrease of 275.04% from ₹9,210.79 crore. It also states a YoY decline of 316.10%.

PBDT was reported at ₹-16,292.34 crore, a QoQ decrease of 261.30% from ₹10,100.41 crore, and a YoY decline of 327.84%. These headline numbers reflect a steep deterioration versus the immediately preceding quarter and the year-ago quarter, as presented in the source text.

Net loss and per-share picture

Net profit for Q1 FY27 was stated at ₹-12,264.67 crore, reflecting a QoQ decrease of 302.21% from ₹6,065.26 crore. The same summary described this as a 398.34% YoY decline.

The dataset also includes a per-share metric stating: first quarter 2027 results showed a loss per share of ₹57.64, down from a profit per share of ₹19.32 in 1Q 2026. This EPS data is presented in the text as an additional performance indicator alongside the financial statement numbers.

Board meeting on October 22, 2026 and trading window closure

HPCL informed BSE that a meeting of the Board of Directors is scheduled on October 22, 2026. As per the intimation in the supplied content, the board will consider and approve the unaudited financial results for the quarter and half year ended September 30, 2026.

The same update notes that the trading window for dealing in the company’s securities will remain closed until October 24, 2026. The closure is stated to be in line with the company’s insider trading code.

FY 2025-26 context from the director’s report

The director’s report included in the dataset described FY 2025-26 as a year of strong operational and marketing performance with profitability of ₹17,175 crore. It also stated the corporation achieved its highest-ever refinery throughput of 26.04 million metric tonne (MMT), with annual growth of 3.0%.

In addition, the report cited the highest ever sales of 51.45 MMT, reflecting growth of 3.3% over the previous year. This operating context matters because it shows that, in the period immediately preceding FY27, HPCL reported record operational volumes and strong profitability, as per the board’s narrative.

Additional reported numbers from earlier quarters

The supplied text also lists HPCL’s Q2 FY26 and H1 FY26 figures. For Q2 FY26, it states revenue of ₹1,10,323 crore, PBT of ₹5,119 crore, PAT of ₹3,830 crore, and EBITDA of ₹7,437 crore. For H1 FY26, it reports revenue of ₹2,30,458 crore, PBT of ₹10,945 crore, PAT of ₹8,201 crore, and EBITDA of ₹15,561 crore.

Another section provides more detail for standalone Q2 FY26: revenue of ₹1,10,868.49 crore, PBT of ₹5,118.85 crore, and PAT of ₹3,830.37 crore, with EPS rising from ₹2.97 to ₹18.00. It also mentions consolidated revenue for Q2 at ₹1,10,919.30 crore (YoY +2.0%) and net profit of ₹3,859.30 crore (YoY +2604.3%).

Key numbers snapshot

Market impact: what investors typically track from these disclosures

For investors, the Q1 FY27 disclosures highlight a divergence between topline movement and profitability. Revenue is reported to have grown QoQ and YoY in the quarterly summary, but operating profit, PBDT, and net profit are all shown as significantly negative. In such updates, the market typically focuses on whether losses are concentrated in a single quarter and how they compare with earlier profitability figures referenced in company documents.

The board meeting intimation is also a key event marker because it sets a date for the next set of unaudited financial results for the quarter and half year ended September 30, 2026. Trading window closures are routine around results and are closely followed by market participants because they define the compliance period for insiders.

Analysis: why the October 22 board meeting matters

The October 22, 2026 board meeting matters because it is the formal step for considering and approving the unaudited results for the September quarter and half year. The market will use those numbers to assess whether Q1 FY27 was an outlier quarter or part of a broader earnings trend.

The dataset also shows that HPCL’s own director’s report described FY 2025-26 as operationally strong, with record throughput and sales volumes and profitability of ₹17,175 crore. Against that backdrop, the sharp losses cited for Q1 FY27 become a focal point for investors tracking the company’s earnings volatility across quarters.

Conclusion

HPCL’s Q1 FY27 disclosures show higher reported revenue alongside a steep swing into losses, with operating profit, PBDT, and net profit all negative in the provided quarterly summary. The next near-term milestone is the October 22, 2026 board meeting to consider and approve unaudited results for the quarter and half year ended September 30, 2026, with the trading window closed until October 24, 2026.