Hindustan Petroleum Corporation Limited · NSE:HINDPETRO
Hindustan Petroleum — Q2 FY2025-26 Earnings Presentation
52 slides from Hindustan Petroleum's earnings presentation, Oct 29, 2025
Slide 1: Hindustan Petroleum Corporation Limited Investor Presentation
Hindustan Petroleum Corporation Limited Investor Presentation Mumbai October 29, 2025
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 2nd largest Retail Largest Lube Network Holder Refinery In India 2nd largest Cross Country Product 2nd largest LPG Pipeline Network Marketer State-of-the-art Enduring R&D Setup Relationship with Stakeholders 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 30th Sept, 2025 Strong presence in Indian Oil & Gas Sector 3.20% 1.78% ONGC 6.68% 13.87% Refining Capacity in India* FPIs Mutual 18.96% Funds Domestic Market Share in 20.3% 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 49.8 MMT* 26.9 MMT* (5,134 Kms) Refining JVs & 24.5 MMTPA (HPCL Capacity)^ Subsidiaries 11.3 MMTPA (JV Capacity)^ 20 Numbers^ Natural Gas R&D End-to-End Solutions 80 Products & Technologies^ Authorization for setting up Renewables CGD in 25 GAs in 14 stat
Slide 9: Refinery Infrastructure
Refinery Infrastructure Refining Capacity in MMTPA HMEL Mumbai 9.5 Refinery (JVC) Visakhapatnam 15.0 HRRL Total HPCL 24.5 Refinery (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 *17 cross country Bahadurgargh- Trikikalan P/L Ramanmandi – Bahadurgarh P/L Pipelines with total Bathinda Refinery Pipeline network of Awa – Salawas P/L Bahadurgarh Delhi 5,134 km Ajmer Kanpur Mund
Slide 11: Supply Infrastructure
Supply Infrastructure Terminals/TOPs/Depots Exclusive Lube Depots LPG Plants ASFs 80 28 55 58 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 24,252 LPG Distributorships 6,387 SKO / LDO Dealerships 1,638 Lube Distributors (Ind & Auto) 530 Mobile Dispensers 896 CNG facilities at ROs 2,113 EV Charging facilities at ROs 5,389 LPG Consumers ~97 Million Daily Customer Interactions ~25 Million As on 30.09.202
Slide 13: Focus on Research and Development
Focus on Research and Development R&D Achievements New Technologies / Products demonstrated 80 Patents applied 684 Total Patents granted 272 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 etc
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 FIPI Sustainably Growing Baa3 (Stable) Corporate of the Year 2023 SCOPE Eminence Award for HR Management, BBB- (Stable) Digital Transformation & Effective implementation of RTI Act 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 CSR : Touching lives Every Way HPCL’s CSR focus areas are guided by National Policies and Priorities for the Welfare of Children, Women, and the Weaker Section of the society Touched ~40 Lakh lives through CSR Activities during FY 2024-25 18
Slide 19: Performance Overview
Performance Overview
Slide 20: Quick Snapshot: FY 2024-25
Quick Snapshot : FY 2024-25 Highest Ever Refinery Highest Ever Market Thruput Sales 25.3 MMT 49.8 MMT Highest Ever Pipeline Profit After Tax Thruput Rs. 7,365 Crore 26.9 MMT Revenue from Operations Refinery GRM Rs. 4,66,346 Crore US$ 5.74 / bbl
Slide 21: Performance Highlights: H1 FY 2025-26
Performance Highlights: H1 - FY 2025 26 Highest Ever Half Yearly Refinery Thruput of 13.23 MMT Half Yearly Market Sales of 25.11 MMT Half Yearly Pipeline Thruput of 12.82 MMT Standalone Net Profit at Rs. 8,201 Cr Refinery GRM US$ 5.95 21
Slide 22: Strong Refining & Marketing Performance
Strong Refining & Marketing Performance Utilisation (%) $17.15 112% 115% 109% 20 102% 105% 107% 105% 112% 108% 15.31 12.69 12.65 13.05 $10.35 15 $9.27 $9.60 9.64 9.96 $8.12 Throughput (MMT) 10 $5.92 $6.48 $5.63 $5.62 8.14 6.17 5.09 5 0 Mumbai Vizag HMEL (JV) 1 2 3 4 5 6 7 8 9 10 11 2023-24 2024-25 H
Slide 23: Infrastructure Capability enhancement in last 5 Years
Infrastructure Capability enhancement in last 5 Years Refining Infrastructure Refining Capacity (MMTPA) Customer Touchpoints Infrastructure 24.5 15.8 Mar 20 Mar 25 Supply & Distribution POL Terminals & LPG Plant (Nos.) Retail Outlet (Nos.) LPG Distributors (Nos.) 98 23747 6110 6378 93 16476 Mar 20 M
Slide 24: Strengthening of Infrastructure across value chain
Strengthening of Infrastructure across value chain Investment Area of Value Chain (Rs. Cr) Refining Capacity Expansions 24,350 Expansion of Pipeline Network 6,495 LPG Plants / POL Depots / Capacity Augmentations 8,853 Expansion of CGD Network 3,800 Enhancing Biofuels & Renewable capacities 1,260 Exp
Slide 25: Return to Stakeholders
Return to Stakeholders Return to Shareholders Market Cap (Rs. Cr)* Share buy-back Program Number of Shares Before 2016 Bonus 4 94,263 First & only PSU to do Open Sep 2016 (2:1) Market buy-back CAGR 13.6% Post 2016 Bonus 12 47.67% increase from 28th Oct 20 254 July 2017 (1:2) 172 187 26,230 Post 2017
Slide 26: Key Financial Performance Parameters
Key Financial Performance Parameters 3.1 21.3% 2.6 2.7 2.80 19.4% 2.58 10.7% 2.2 6.9% 11.5% 5.3% 1.23 -10.7% 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 H1 2025-26* 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 H1 2025-26* Return on Capital Employed (ROCE%) Asset Turnover Ratio (In Times) 2.33
Slide 27: Key Financial Performance Parameters
Key Financial Performance Parameters 3 20000 16,085 16,772 18000 27,221 2.5 14,630 14,043 14,342 14,508 16000 14000 2 18,714 19,022 1.80 6,117 12000 15,561 13,146 1.5 10000 8000 6,962 1 1.06 0.84 0.90 0.94 6000 0.5 0.70 0.78 4000 2000 -5,453 0 0 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 H1 202
Slide 28: Future Plans
Future Plans
Slide 29: 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 30: 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 30
Slide 31: Refinery Capacity Additions
Refinery Capacity Additions Refining Capacity 45.3 35.8 MMTPA MMTPA 2024-25 2027-28 Refinery 2024-25 2027-28 Capacity Addition Project Completed/Ongoing Physical Project Cost (MMTPA) (MMTPA) (MMTPA) progress (Rs. Cr) (As of Sept’25) (As of Sept’25) MR 9.5 9.5 0.0 MR Expansion (7.5 to 9.5 MMTPA) Comm
Slide 32: Rajasthan Refinery (HRRL): Project Snapshot
Rajasthan Refinery (HRRL): Project Snapshot ▪ JV of HPCL (74%) and Govt. of Rajasthan (26%) ▪ Project cost : Rs. 72,937 Cr. ▪ Capacity : 9 MMTPA ▪ Location : Pachpadra, Rajasthan ▪ Configuration based on local crude from Barmer oil field / imported crude ▪ Land : ~ 4,500 acres ▪ Expenditure : ~ Rs.
Slide 33: 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 34: 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 35: Marketing Network Expansion
Marketing Network Expansion Pipelines Terminal/Depots (No.) 6,000 5,134 KM 85 KM 80 2024-25 2027-28 2024-25 2027-28 LPG Bottling Plants (No.) Retail Outlets (No.) 60 23,747 26,000 55 2024-25 2027-28 2024-25 2027-28 Figures as of Mar’25 35
Slide 36: Portfolio expansion in Petrochemicals & Natural Gas
Portfolio expansion in Petrochemicals & Natural Gas Petrochemical Capacity Natural Gas 4.6 ▪ LNG Import Facilities 2.2 ▪1,387 MMTPA MMTPA Natural Gas Pipelines Nos 2024-25 2027-28 ▪ CGD Network & Marketing ▪ 2.4 MMTPA Petchem Capacity in HPCL Rajasthan CNG Stations (No.) Refinery Ltd (JVC) ▪ HMEL Po
Slide 37: 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 ▪ 25 GAs in 14 states Regasification (1673 Km) – GIGL(JV) ▪ HPOIL (JV) Terminal at Chhara, ▪ CNG facili
Slide 38: Green Opportunities - Biofuels
Green Opportunities - Biofuels Biofuel Capacity 300 12.06 TMT TMT 2024-25 2027-28 CBG Plant at Budaun- Milling Section Biofuels Projects Status Project Cost (Rs. 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
Slide 39: Green Opportunities - Renewables
Green Opportunities - Renewables Renewable Capacity 224 2,400 MW MW 2024-25 2027-28 Solar Panels at HRGRDC, Bengaluru • Current power requirements to renewable sources (500MW) under Conversions • Participation in Tariff Bidding • 100% Solarisation of Retail Outlets (94% of RO Network complete as of
Slide 40: Green Opportunities - Green Hydrogen
Green Opportunities - Green Hydrogen Green Hydrogen 9,670 3.5 TPA TPA 2024-25 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 41: 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. 41
Slide 42: 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 43: 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 Rs. 77,000 Crore Renewa
Slide 44: 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 59.3 (6%) volumes 57.6 (5%) 49.8 56.0 (4%) • Past the Peak Debt Cycle (Standalone) 36.9 • Nearing Peak Debt (Consolid
Slide 45: Net Zero
ae sill Net Zero
Slide 46: Net Zero Announcement
Net Zero Announcement HPCL Net Zero plan - Investment of Rs. 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 z
Slide 47: 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 Rs. 10,000 Cr 16.7% 5 5.0 4 4.4 3.6 2 Renewables Rs. 10,000 Cr 16.7% 3 2.5 Fuel switch 3 to bio gas 2
Slide 48: 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 48
Slide 49: 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 49
Slide 50: 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 51: 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 52: Thank You
Hindustan Petroleum — Q2 FY2025-26 Earnings Presentation on 6ix