Hindustan Petroleum Corporation Limited · NSE:HINDPETRO
Hindustan Petroleum — FY2025-26 Earnings Presentation
51 slides from Hindustan Petroleum's earnings presentation, May 13, 2026
Slide 1: Investor Presentation
Delivering Happiness, A Hindustan Petroleum Corporation Limited Investor Presentation Mumbai 13 May, 2026
Slide 2: Plan of Presentation
Plan of Presentation HPCL at a Glance Business Overview Plan of . Performance Overview Presentation Future Plans ` Net Zero 2
Slide 3: HPCL at a Glance
HPCL at a Glance
Slide 4: HPCL at a Glance
HPCL at a Glance Operating in India Maharatna for 100+ Years Company Owns & Operates 428 TMTPA Lube State-of-the-art Refinery In India R&D Setup 2nd largest Cross Country Product 2nd largest LPG Pipeline Network Marketer 4
Slide 5: Shareholder Profile and strong presence in Indian O&G Sector
Shareholder Profile and strong presence in Indian O&G Sector Shareholding Profile as of 31st Mar, 2026 Strong presence in Indian Oil & Gas Sector 1.76% ONGC 3.68% 6.58% 13.87% Refining Capacity in India* FPIs 15.81% Mutual Funds Domestic Market Share in 20.27% Non- Petroleum Products Institutions In
Slide 6: Legacy of over 100 years
Legacy of over 100 years 2019 2018 1997 Maharatna* 1978 Status to GoI transfers HPCL 1974 its 51.11% Navratna equity share to 1969 Status to ONGC Merger of HPCL 1962 Caltex Formation of undertaking HPCL by in India into 1955 HPCL Commissioning Amalgamating 1952 of 165 TMTPA ESSO and Stanvac’s name L
Slide 7: Business Overview
Business Overview
Slide 8: Diversified Portfolio
Diversified Portfolio Market Sales Pipelines 51.4 MMT 25.5 MMT (5,440 Kms) Refining JVs & 24.5 MMTPA (HPCL Capacity) Subsidiaries 11.3 MMTPA (JV Capacity) 20 Numbers Natural Gas R&D End-to-End Solutions 98 Products & Technologies Authorization for setting up Renewables CGD in 25 GAs in 14 states Win
Slide 9: Refinery Infrastructure
Refinery Infrastructure Refining Capacity in MMTPA HMEL Mumbai 9.5 Refinery (JVC) Visakhapatnam 15.0 HRRL Refinery Total HPCL 24.5 (JVC) HMEL (JVC) 11.3 Total (marketing rights) 35.8 Mumbai Visakh Refinery Refinery Lube Refinery (Mumbai) : 428 TMTPA Mangalore Refinery (Associate Company) • Coastal R
Slide 10: Cross Country Pipeline Network
Cross Country Pipeline Network LPG Pipeline Barwala–Hisar Liquid POL Pipeline Ramanmandi- Bathinda P/L Bathinda Sangrur P/L *17 cross country Bahadurgargh- Trikikalan P/L Bathinda Refinery Sangrur Ramanmandi – Bahadurgarh P/L Pipelines with total Rewari – Kanpur P/L Pipeline network of Delhi Bahadur
Slide 11: Supply Infrastructure
Supply Infrastructure Terminals/TOPs/Depots Exclusive Lube Depots LPG Plants ASFs 80 28 55 59 Lube Blending Plants Description Capacity Petroleum Oil Lubes (POL)Tankage 3.2 MMT LPG bottling capacity 6.5 MMTPA Lube blending capacity 340 TMTPA QC Labs 46 Nos. Strategically located state-of-art Infrast
Slide 12: Customer Touchpoints
Customer Touchpoints Retail Outlets 25,098 LPG Distributorships 6,389 SKO / LDO Dealerships 1,638 Lube Distributors (Ind & Auto) 542 Mobile Dispensers 908 CNG facilities at ROs 2,253 EV Charging facilities at ROs 5,533 LPG Consumers ~99 Million As on 31.03.2026 12
Slide 13: Focus on Research and Development
Focus on Research and Development R&D Achievements New Technologies / Products demonstrated 98 Patents applied 779 Total Patents granted 312 R&D Technologies and Products Technologies: HP-ASAP, HP-RAMP, H2 PSA Technology, HP-Trijet, H- CNG, HP-HiGAS Technology, SprayMax Feed Nozzle HP-DAK, HP-VRU et
Slide 14: HPGRDC Research Labs
HPGRDC Research Labs Phase-I Crude Evaluation & Process Modelling Hydro-processing Fuels Research & Simulation CoE Nano- Catalysis Bioprocess Technology Analytical and Standard testing FCC/RFCC Chemical Synthesis Phase-II Petrochemicals Centre of Solar Energy Battery Engine & Polymers Excellence Lub
Slide 15: Joint Ventures and Subsidiaries
Joint Ventures and Subsidiaries Oil refining Joint venture in Natural gas infrastructure & marketing Oil supply infrastructure and marketing GITL- GSPL INDIA TRANSCO LIMITED : GIGL – GSPL INDIA GASNET LIMITED Subsidiaries Natural Overseas Biofuels Upstream Renewables Gas Marketing HMEF- HPCL Middle
Slide 16: Ratings and Accolades
Ratings and Accolades At par with India’s Sovereign Rating Recognitions and Accolades Baa3 (Stable) Greenfinch Data Excellence Award 2025, by PPAC BBB- (Stable) SCOPE Eminence Award 2022-23, under the category of Corporate Governance 16
Slide 17: Emphasis on Talent Management
Emphasis on Talent Management Induction Capability Building Structured Induction process Behavioural / Functional to Learn, Grow and Lead and Technical training SAMAVESH Recognition Leadership Rewarding Values for Building Strong driving Performance Leadership Pipeline 17
Slide 18: CSR : Touching Lives Every Way
CSR : Touching Lives Every Way Education Health Contribution to Public Environment & Funded Universities Commmunity Development Contribution to Incubators Child Care Sports Skill Development Touched ~40 lakh lives through CSR Activities during FY 2025-26 18
Slide 19: Performance Overview
Performance Overview
Slide 20: Quick Snapshot : FY 2025-26
Quick Snapshot : FY 2025-26 Highest Ever Refinery Highest Ever Market Thruput Sales 26.0 MMT 51.4 MMT Pipeline Thruput Profit After Tax 25.5 MMT ₹ 17,175 Crore Revenue from Operations Refinery GRM ₹ 4,78,543 Crore US$ 8.79 / bbl
Slide 21: Strong Refining & Marketing Performance
Strong Refining & Marketing Performance Utilisation (%) 25 $17.15 112% 115% 102% 105% 105% 105% 112% 107% 103% 20 15.31 16.04 $12.21 $10.35 15 12.69 12.65 13.05 11.62 $9.26 $9.27 $8.04 $8.12 Throughput (MMT) 9.64 9.96 10.00 10 $5.92 $5.63 5 0 Mumbai Vizag HMEL (JV) 1 2 3 4 5 6 7 8 9 10 11 2023-24 20
Slide 22: Infrastructure Capability enhancement (Till 31st March 2026)
Infrastructure Capability enhancement (Till 31st March 2026) Refining Infrastructure Refining Capacity (MMTPA) Customer Touchpoints Infrastructure 24.5 15.8 Mar 20 Mar 26 Supply & Distribution POL Terminals & LPG Plant (Nos.) Retail Outlet (Nos.) LPG Distributors (Nos.) 135 93 25098 6110 6389 16476
Slide 23: Strengthening of Infrastructure across value chain
Strengthening of Infrastructure across value chain Investment Area of Value Chain (₹ Cr) Refining Capacity Expansions 22,493 Expansion of Pipeline Network 5,074 LPG Plants / POL Depots / Capacity Augmentations 8,610 Expansion of CGD Network 4,117 Enhancing Biofuels & Renewable capacities 1,263 Expan
Slide 24: Return to Stakeholders
Return to Stakeholders Return to Shareholders Market Cap (₹ Cr.)* Share buy-back Program Number of Shares Before 2016 Bonus 4 71,335 First & only PSU to do Open Sep 2016 (2:1) Market buy-back CAGR 10.4% Post 2016 Bonus 12 47.67% increase from 28th Oct 20 254 July 2017 (1:2) 172 187 26,601 Post 2017
Slide 25: Key Financial Performance Parameters
Key Financial Performance Parameters 22.4% 3.1 21.3% 2.6 2.7 2.80 2.51 19.4% 2.58 2.2 6.9% 11.5% 5.3% -10.7% 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 Return on Capital Employed (ROCE%) Asset Turnover Ratio (In Times) 100 80.7 2.3
Slide 26: Key Financial Performance Parameters
Key Financial Performance Parameters 3 20000 16,085 16,772 15,705 18000 2.5 14,630 14,043 14,342 14,508 16000 33,182 14000 2 27,221 1.80 12000 18,714 19,022 1.5 10000 13,146 1.06 8000 6,962 1 0.84 0.90 0.94 6000 0.5 0.70 0.60 4000 2000 -5,453 0 0 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-
Slide 27: Future Plans
Future Plans
Slide 28: Future Plans: Focus Areas
Future Plans: Focus Areas Existing Business Area Existing Business Adjacent Business New Business Emerging Business Area Area Area Area Businesses areas Business areas Business Business areas which are where HPCL is in opportunities where HPCL is associated or the process of which have a conducting
Slide 29: Creating Value and Delivering Growth Responsibly
Framework Goal Action Enablers Creating Value and Delivering Growth Responsibly by strengthening existing businesses, leveraging new growth engines and seizing green & emerging opportunities with focus on technology & innovation 29
Slide 30: Refinery Capacity Additions
Refinery Capacity Additions Refining Capacity 45.3 35.8 MMTPA MMTPA 2025-26 2027-28 Refinery 2025-26 2027-28 Capacity Addition Project Completed/Ongoing Physical Project Cost (MMTPA) (MMTPA) (MMTPA) progress (₹ Cr) (As of 31-03-2026) (As of 31-03-2026) MR 9.5 9.5 0.0 MR Expansion (7.5 to 9.5 MMTPA)
Slide 31: Rajasthan Refinery (HRRL): Project Snapshot
Rajasthan Refinery (HRRL): Project Snapshot ▪ JV of HPCL (74%) and Govt. of Rajasthan (26%) ▪ Project cost : ₹ 79,459 Cr. ▪ Capacity : 9 MMTPA ▪ Location : Pachpadra, Rajasthan ▪ Configuration based on local crude from Barmer oil field / imported crude ▪ Land : ~ 4,500 acres HRRL Project, Rajasthan
Slide 32: HRRL: Uniqueness of the Project
HRRL: Uniqueness of the Project Largest PE capacity in India (2X500 KTPA) Largest PPU capacity in India (2X490 KTPA) FUEL & OTHERS PRODUCTS 26% Petrochemical Yields 14 grades of Polyethylene & 21 grades of Polypropylene State of the Art Refinery Flexibility in switching between Fuel & Petrochemicals
Slide 33: HRRL: Units, Product Slate & Expected Margins
HRRL: Units, Product Slate & Expected Margins Refinery Complex : Product Production (KTPA) CDU/VDU, MS Block Unit, Prime G, DHDT Unit, HGU, MS 995 SRU, VGO-HDT, PFCC Unit, DCU, Treating /sweetening facilities HSD 4,035 Petrochemical Complex : Poly Propylene (PP) 1,073 DFCU, PPU, Butene-1, LLDPE/HDPE
Slide 34: Marketing Network Expansion
Marketing Network Expansion Pipelines Terminal/Depots (No.) 6,000 5,440 KM 85 KM 80 2025-26 2027-28 2025-26 2027-28 LPG Bottling Plants (No.) Retail Outlets (No.) 60 25,098 26,000 55 2025-26 2027-28 2025-26 2027-28 Figures as of 31st March 26 34
Slide 35: Portfolio expansion in Petrochemicals & Natural Gas
Portfolio expansion in Petrochemicals & Natural Gas Petrochemical Capacity Natural Gas ▪ LNG Import Facilities 2.2 4.6 ▪1,38 Natural Gas Pipelines MMTPA Nos MMTPA 7 2025-26 ▪ CGD Network & Marketing 2027-28 CNG Stations (No.) ▪ 2.4 MMTPA Petchem Capacity in HPCL Rajasthan Refinery Ltd (JVC) ▪ Petroc
Slide 36: Natural Gas: Participation across entire value chain
Natural Gas: Participation across entire value chain Regasification Transportation Marketing LNG Import Facilities Natural Gas Pipelines CGD Network & Marketing ▪ 5 MMTPA LNG ▪ Mehsana to Bhatinda Regasification (1431 Km) – GIGL(JV) ▪ 25 GAs in 14 states Terminal at Chhara, ▪ HPOIL (JV) ▪ Bathinda t
Slide 37: Green Opportunities - Biofuels
Green Opportunities - Biofuels Biofuel Capacity 300 12.06 TMT TMT 2025-26 2027-28 CBG Plant at Budaun- Milling Section Biofuels Projects Status Project Cost (₹ Cr) 14 TPD Capacity CBG Plant at Budaun, UP Commercial Sale started 133 1.6 TPD CBG Plant at Pathmeda, Rajasthan Commenced CBG Sale 25 100 K
Slide 38: Green Opportunities - Renewables
Green Opportunities - Renewables Renewable Capacity Renewables Project Status Cost (₹ Cr) Jhansi Solar Project All works completed 37 235 2,400 Panipat Solar Project All works completed 45 MW MW Solar Power Plant at Galiveedu Construction in progress 682 Commercial operation 2025-26 2027-28 Greening
Slide 39: Green Opportunities - Green Hydrogen
Green Opportunities - Green Hydrogen Green Hydrogen 9,670 370 TPA TPA 2025-26 2029-30 ▪ A 370 TPA Green Hydrogen Plant commissioned at Visakh Refinery (first Green Hydrogen plant in any Indian refinery) ▪ 5,000 TPA Green Hydrogen Project at Visakh Refinery ▪ 4,300 TPA Green Hydrogen Project at HRRL
Slide 40: Digital Vision & Strategy
Digital Vision & Strategy HPCL Digital Vision Digital Strategy Framework HPCL commits to leverage Digital Technologies in every aspect of our business for continuous innovation, operational excellence and new business models to provide best in class experience and value to all Stakeholders. 40
Slide 41: Leveraging Digital Technologies
Leveraging Digital Technologies Customer Experience HP Pay – Unified loyalty & Capability Building Payment Solution Digital Experience Centre Omni Channel Chatbot AR/VR Based Training Metaverse Generative AI Data driven Decisions ERP Modernization Workforce Enablement Enterprise Data Repository & An
Slide 42: Capex – HPCL and Equity in JVs/ Subsidiaries
Capex – HPCL and Equity in JVs/ Subsidiaries (FY 24 to FY 28) Investment Shift • 36% Investment in Renewables, Biofuels, Natural Gas, Alternate 52% 7% 5% 6% Fuels & Net zero Capex Petroleum Non Fuel Petchem Net Zero • 12% in Non-Fuel & Petchem Investment 8% 15% 4% 3% EV/alter ₹ 77,000 Crore Renewabl
Slide 43: Maturing CAPEX to help Boost Bottomline
Maturing CAPEX to help Boost Bottomline • Progressively commissioning Refinery upgrades Refinery Capacity, Thruput & Market Sales (MMT) • Leveraging Marketing infrastructure to boost 57.8 (6%) volumes 51.5 56.7 (5%) 55.7 (4%) • Past the Peak Debt Cycle (Standalone) 36.9 • Nearing Peak Debt (Consolid
Slide 44: Net Zero
> ial Net Zero
Slide 45: Net Zero Announcement
Net Zero Announcement HPCL Net Zero plan - Investment of ₹ 60,000 Announcement on 31st Crore towards Net-zero Jan 2022 plans by 2040 • HPCL is committed to conduct business with an objective of preserving the environment and contributing to sustainable development • Plans underway to achieve Net zer
Slide 46: HPCL Net Zero Plan: Development of Roadmap
HPCL Net Zero Plan: Development of Roadmap HPCL – Emission Reduction Roadmap Key Levers/investment for emission reduction 9 8 7.9 Lever Investment % Reduction 7 6 5.6 Unit : MMT of Co2e 1 Efficiency ₹ 10,000 Cr 16.7% 5 5.0 4 4.4 3.6 2 Renewables ₹ 10,000 Cr 16.7% 3 2.5 Fuel switch 3 to bio gas 2 ₹ 2
Slide 47: Energy Transition Strategy Framework
Energy Transition Strategy Framework Transition to Energy Company Energy Security Decarbonisation Petrochemicals Emission Intensity Reduction R&D & Innovation ESG Focus Collaboration Capital Efficiency 47
Slide 48: Nayaa HPCL : Fresh Fast Fluid
Nayaa HPCL : Fresh Fast Fluid • Transformation to an Energy Company creating value and growth in step with society • With significant presence in • Traditional Fuels • Natural Gas • Petrochemicals • Green energy • Non Fuels 48
Slide 49: Experienced Management Team
Experienced Management Team Mr. Vikas Kaushal, Chairman & Managing Director • He has taken charge as the Chairman & Managing Director (C&MD) of the company effective March 17, 2025. He is a seasoned global leader with over three decades of experience in Energy domain. He is a chemical engineering gr
Slide 50: Disclaimer
Disclaimer The information contained in this material have been obtained from sources believed to be reliable, but no representation or warranty express or implied, is made that such information is accurate or complete and it should not be relied upon as such. The information contained in this mater
Slide 51: Thank you
Thank you
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