POWERPACT COMEBACK

ATER A CHALLENGING FY23, Hindustan Petroleum Corporation (HPCL) made a powerful comeback in FY24, posting its highest-ever annual profit and showing clear signs of transformation across refining, marketing, and renewables.

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HPCL
Hindustan Petroleum Corporation
TOTAL ASSETS
Rs 1,82,784 crore
TOTAL INCOME
Rs 4,63,886 crore
OPERATING PROFIT
Rs 20,500 crore
NET PROFIT
Rs 16,014 crore
Data Mining: Astrum

The company reported a record consolidated net profit of Rs 16,014 crore in FY24, a dramatic turnaround from the net loss of Rs 6,980 crore in FY23. Revenue from operations stood at Rs 4,67,487 crore. This stellar rebound was driven by improved refining margins, strong marketing performance, and better inventory management.

Chairman and Managing Director Pushp Kumar Joshi called FY24 a “watershed year,” stating, “Our exceptional financial performance is a result of operational excellence, digital acceleration, and a strong customer-centric strategy. HPCL is now firmly future-ready.”