HPCL Q1 profit seen up 6% at Rs 1646 cr: Motilal Oswal

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26 Aug, 2025 12:21

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Motilal Oswal has come out with its first quarter (April-June) earnings estimates for the Oil & Gas sector. The brokerage house expects HPCL to report a 6 percent growth quarter-on-quarter (growth of 3.7 percent year-on-year) in net profit at Rs 1646.1 crore.Sales are expected to increase by 0.1 percent Q-o-Q (down 18.4 percent Y-o-Y) to Rs 42181.5 crore, according to Motilal Oswal.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 13.9 percent Q-o-Q (down 0.9 percent Y-o-Y) to Rs 2952.1 crore.Motilal Oswal's report on HPCLWe expect OMCs (IOCL, BPCL, HPCL) to benefit from crude and product inventory gains, though operating GRMs and marketing margins are sequentially weaker.We model nil subsidy sharing for OMCs; the subsidy would entirely be borne by the government.1QFY17 gross under-recoveries (including LPG DBTL component) have declined 41% Y-o-Y, led by lower crude oil/petroleum product prices and diesel deregulation.We peg refinery throughput at 4.5mmt for 1QFY17 (v/s 4.7mmt in4QFY16 and 3.8mmt in 1QFY16).We expect HPCL to report PAT of RS16b in 1QFY17 (+6% Q-o-Q, flat Y-o-Y).Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.