Hindustan Petroleum Corp Ltd

Hindustan Petroleum Corporation will hold a meeting of the Board of Directors of the Company on 6 May 2025.Powered by Capital Market - Live

The Ministry of Finance increased the excise duty on petrol and diesel by Rs 2 per litre, while the price of cooking gas cylinders was raised by Rs 50, effective Tuesday. The hike applies to all categories, including subsidised LPG refills. Defending the decision, Petroleum Minister Hardeep Singh Puri stated that the duty hikes were meant to compensate OMCs for selling LPG at a loss. Puri also took a political swipe, pointing to price disparities between BJP States and non-BJP States, attributing the difference to higher state-level levies in non-BJP-ruled regions. Reacting to the announcement, shares of key OMCs witnessed an uptick: Hindustan Petroleum Corporation jumped 2.55%, Bharat Petroleum Corporation gained 2.5%, and Indian Oil Corporation (IOC) rose 1.5%. Powered by Capital Market - Live

Hindustan Petroleum Corporation announced that Rajneesh Narang, Director - Finance has been appointed as CFO effective 27 March 2025 in place of K Vinod. Rajneesh Narang was also earlier CFO of the company from 22 March 2022 to 10 September 2024.Powered by Capital Market - Live

Narang replaces K. Vinod, who had been serving as CFO since 11 September 2024. Rajneesh Narang, a seasoned finance professional and chartered accountant, currently holds the position of director'finance at HPCL. Notably, he previously served as the company's CFO from 22 March 2022 to 10 September 2024 before K. Vinod's appointment. The company clarified that Narang is not related to any of HPCL's directors. This leadership change comes as HPCL continues to strengthen its financial strategies and growth initiatives in India's dynamic energy sector. HPCL is engaged in the business of refining crude oil and marketing petroleum products. It operates through two segments: downstream and exploration and production of hydrocarbons. The company's standalone net profit zoomed 471.4% to Rs 3,022.90 crore in Q3 FY25 as against Rs 529.02 crore posted in Q3 FY24. Net sales (excluding excise duty) shed by 0.8% year on year (YoY) to Rs 109,979.59 crore in the December 2024 quarter.Powered by Capital Market - Live

Hindustan Petroleum Corporation Ltd rose for a third straight session today. The stock is quoting at Rs 348.9, up 3.67% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.81% on the day, quoting at 23378.35. The Sensex is at 77008.3, up 0.86%. Hindustan Petroleum Corporation Ltd has added around 9.27% in last one month. Meanwhile, Nifty Energy index of which Hindustan Petroleum Corporation Ltd is a constituent, has added around 7.24% in last one month and is currently quoting at 33001.05, up 1.52% on the day. The volume in the stock stood at 52.38 lakh shares today, compared to the daily average of 63.03 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 348.7, up 3.56% on the day. Hindustan Petroleum Corporation Ltd is up 10.54% in last one year as compared to a 5.8% gain in NIFTY and a 12.78% gain in the Nifty Energy index.The PE of the stock is 10.45 based on TTM earnings ending December 24.Powered by Capital Market - Live

Hindustan Petroleum Corporation announced that Vikas Kaushal (DIN 10993007) has been appointed on the Board of Hindustan Petroleum Corporation as Chairman and Managing Director (C&MD) at the Board Meeting held today & he has assumed the charge as C&MD effective 17 March 2025. Consequently, the additional charge of C&MO, HPCL entrusted to Rajneesh Narang, Director- Finance has concluded.Powered by Capital Market - Live

Vikas is a seasoned global leader with over three decades of experience in the energy sector. He holds a degree in chemical engineering from DCET, Panjab University, and an MBA from the Indian Institute of Management, Ahmedabad. Vikas began his career at ICICI, where he worked in the project finance and advisory services division. Since 2000, Kaushal has been with the leading global management consulting firm A.T. Kearney, where he served as a partner for over 17 years. Prior to that, Vikas was the Global Leader for the Energy and Process Industries practice at A.T. Kearney, overseeing the firm's global energy client portfolio, including major oil and gas companies. He also served as the managing director and country head for A.T. Kearney in India for five years, with extensive experience in driving profitable growth. HPCL is engaged in the business of refining crude oil and marketing petroleum products. It operates through two segments: downstream and exploration and production of hydrocarbons. The company's standalone net profit zoomed 471.4% to Rs 3,022.90 crore in Q3 FY25 as against Rs 529.02 crore posted in Q3 FY24. Net sales (excluding excise duty) shed by 0.8% year on year (YoY) to Rs 109,979.59 crore in the December 2024 quarter. Shares of Hindustan Petroleum Corporation (HPCL) rose 0.29% to Rs 324.85 on the BSE. Powered by Capital Market - Live

Hindustan Petroleum Corporation Ltd gained for a third straight session today. The stock is quoting at Rs 329.1, up 4.41% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.3% on the day, quoting at 22369.85. The Sensex is at 73869.34, up 1.2%. Hindustan Petroleum Corporation Ltd has slipped around 4.08% in last one month. Meanwhile, Nifty Energy index of which Hindustan Petroleum Corporation Ltd is a constituent, has slipped around 5.96% in last one month and is currently quoting at 30239.15, up 2.81% on the day. The volume in the stock stood at 77.54 lakh shares today, compared to the daily average of 40.84 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 329.8, up 4.4% on the day. Hindustan Petroleum Corporation Ltd is down 4.55% in last one year as compared to a 0.46% drop in NIFTY and a 23.15% drop in the Nifty Energy index.The PE of the stock is 9.79 based on TTM earnings ending December 24.Powered by Capital Market - Live

Hindustan Petroleum Corporation Ltd dropped for a fifth straight session today. The stock is quoting at Rs 294.5, down 4.07% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.84% on the day, quoting at 22131.1. The Sensex is at 73247.33, down 1.83%.Hindustan Petroleum Corporation Ltd has eased around 14.7% in last one month.Meanwhile, Nifty Energy index of which Hindustan Petroleum Corporation Ltd is a constituent, has eased around 8.09% in last one month and is currently quoting at 30659.25, down 2.25% on the day. The volume in the stock stood at 29.54 lakh shares today, compared to the daily average of 52.21 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 295.85, down 4.15% on the day. Hindustan Petroleum Corporation Ltd tumbled 13.28% in last one year as compared to a 0.67% rally in NIFTY and a 22.84% fall in the Nifty Energy index.The PE of the stock is 9.54 based on TTM earnings ending December 24.Powered by Capital Market - Live

Hindustan Petroleum Corporation Ltd is down for a fifth straight session today. The stock is quoting at Rs 322.3, down 0.51% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.53% on the day, quoting at 23166.7. The Sensex is at 76563.26, up 0.51%.Hindustan Petroleum Corporation Ltd has lost around 13.65% in last one month.Meanwhile, Nifty Energy index of which Hindustan Petroleum Corporation Ltd is a constituent, has eased around 6% in last one month and is currently quoting at 31317.3, up 0.75% on the day. The volume in the stock stood at 79.69 lakh shares today, compared to the daily average of 63.04 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 322.7, down 1.07% on the day. Hindustan Petroleum Corporation Ltd tumbled 11.02% in last one year as compared to a 6.07% rally in NIFTY and a 19.62% fall in the Nifty Energy index.The PE of the stock is 10.1 based on TTM earnings ending December 24.Powered by Capital Market - Live