5001042026-04-012026-06-305001042026-06-305001042026-04-012026-06-30in-capmkt:OtherExpenses1Member5001042026-04-012026-06-30in-capmkt:OtherExpenses2Member5001042026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15001042026-04-012026-06-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRxbrli:pureiso4217:INRxbrli:shares500104HINDPETRONOTLISTEDINE094A01015Hindustan Petroleum Corporation LimitedMain BoardEquity2026-04-012027-03-312026-07-222026-07-13INRCroresQuarterlyFirst quarterSingle segmentDownstream Petroleum Sector2026-07-2214:50:002026-07-2216:50:00falsetrue2026-04-012026-06-30UnauditedStandalone1451262200000128108000001464073000000635620600000919825500000-440201000007070100000765130000018212400000941742000001638534000000-1744610000000-1744610000000-59196900000-591969000000-1152641000000000-115264100000-8063500000-1233276000002127820000010-54.17-54.1700-54.17-54.170.0152-0.018-0.17371. The Audit Committee has reviewed and recommended these results and the same have been subsequently approved by the Board of Directors in its meeting held on July 22, 2026. <br /> 2. The Financial Results have been reviewed by the Statutory Auditors as required under Regulation 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. <br /> 3. The supplementary audit of the Standalone Financial Statements for the year ended March 31, 2026 is being carried-out by the Comptroller and Auditor General of India (C&AG), pursuant to Section 143(6) of the Companies Act, 2013. <br /> 4. Average Gross Refining Margin (GRM) during the period ended 30th June, 2026 was USD 23.80 per BBL as against USD 3.08 per BBL during the corresponding previous period. This is before factoring-in the impact of Special Additional Excise Duty and Road & Infrastructure Cess on export of select petroleum products. Further, during the current period, due to the supressed marketing margins on certain petroleum products, the profitability is impacted. <br /> 5. The MoPNG, vide letter dated 30th April, 2020 had conveyed, inter alia, to Oil Marketing Companies (OMCs) that in case Market Determined Price (MDP) of LPG Cylinders is less than the Effective Cost to Consumer (ECC), OMCs will retain the difference in a separate buffer account for future adjustment. In the absence of any scheme/authorisation from GoI towards compensation, receivable and revenue to the extent of the negative buffer has not been recognised. <br /> MoPNG, vide letters dated 3rd and 24th October 2025, has conveyed a compensation of Rs. 7,920 Crore to the Corporation towards under-recoveries incurred on sale of domestic LPG up to 31.03.2025 and likely to be incurred up to 31.03.2026. This compensation is to be disbursed in 12 equal monthly instalments, with accrual on a monthly basis commencing from November 2025, and corresponding disbursement thereafter. Accordingly, for the period April - June 2026, three equal monthly instalments aggregating to Rs. 1,980 Crore have been recognised, and included under 'Sale of Products'. <br /> The cumulative negative buffer (unrecognised) for the Corporation as on 30th June, 2026 is Rs. 16,405.92 Crore (31st March, 2026 : Rs. 12,798.67 Crore, & Rs. 13,042.56 Crore on 30th June, 2025). <br /> 6. Other Expenses for the period April - June, 2026, includes Rs. 15.21 Crore (April - June, 2025 : Rs. 72.39 Crore) towards loss on account of foreign currency transactions and translations. <br /> 7. The figures for the quarter ended 31st March, 2026 represent the difference between the audited figures in respect of full financial year and the unaudited figures of nine months ended 31st December, 2025. <br /> 8. Segment information is disclosed in Consolidated Financial Results. <br /> 9. Additional Disclosures as per SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015: Refer Table <br /> 10. Previous period figures have been regrouped, wherever necessary. <br /> Excise Duty46408600000Other expenses47765600000Items that will not be reclassified to profit or loss-2931700000-2931700000-482800000Items that will be reclassified to profit or loss-7502900000-7502900000-1888300000-8063500000414493900000000725969500000