HPCL Q4 Results Preview: Multibagger OMC PSU expected to report strong operational numbers

HPCL Q4 Results Preview: Hindustan Petroleum Corporation Limited (HPCL) is expected to report strong operational performance as the PSU announces its fourth-quarter results after its board meeting on Thursday (May 9, 2024).

As per Zee Business research, the oil and marketing company's standalone profit after tax (PAT) for the January-March quarter is expected to skyrocket by 502 per cent to Rs 3,187 crore in the quarter under review compared to Rs 529 crore quarter-on-quarter (QoQ).

Revenue from operations is estimated to jump by 5.3 per cent to Rs 1,17,240 crore in the fourth quarter compared to Rs 1,11,306 crore QoQ.

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Analysts estimate HPCL's EBITDA to see a sharp rise of 154 per cent to Rs 5,494 crore in the fourth quarter against Rs 2,164 crore in the previous quarter.

The PSU's margin, meanwhile, is estimated to soar to 4.69 per cent in the quarter under review compared to 1.9 per cent QoQ.

Apart from that, the research team expects strong refining margins from the company.

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HPCL's diesel marketing margin is also expected to improve.

The research team says that strong EBITDA growth is expected because of strong refining margins and improvements in diesel marketing margins.

An inventory loss of USD1/bbl is also expected.

HPCL reported GRM of US$11/bbl against US$8.5/bbl QoQ.

The OMC's throughput is expected to grow by 12 per cent QoQ due to an increase in production from the expanded Vizag refinery.

The research team is expecting its highest-ever throughput of 6.1 MMT along with GRMs of $10.4/bbl. 

(QoQ)

Core GRM (bbl) 10 10.8
Reported GRM (bbl) 11 8.5
Crude Throughput(MMT) 6.1 5.3

HPCL Share Price

A day before the PSU is about to report its Q4 results, the stock of the OMC ended Wednesday's trading session on BSE higher by 1.72 per cent, or Rs 8.85, at Rs 523.10. 

The stock in the last one year has soared by 106.35 per cent.