HPCL shares in focus as Q1 net profit slips 6% YoY, revenue rises 26%. Should you buy?

What happened: HPCL reported a 6% YoY fall in Q2 net profit to Rs 3,625 crore, while revenue from operations rose over 26% YoY. Key numbers: Revenue Rs 1.39 lakh crore vs Rs 1.10 lakh crore. GRM before export cess $32.15 per barrel vs $8.80. Crude processed 6.20 MMT at 100% capacity. Sales volume 12.73 MMT, up 5.5%. Petrol and diesel sales 7.78 MMT, up 10%. LPG sales 2.03 MMT. Capex Rs 2,085 crore. Why it matters: Motilal Oswal said standalone EBITDA beat its estimate on lower-than-estimated marketing losses, though reported GRM was 8% below its estimate at $32.2 per barrel. Coverage: 4 outlets in 24h

HPCL reported a 6% YoY fall in Q2 net profit to Rs 3,625 crore, while revenue from operations rose over 26% YoY.

Motilal Oswal said standalone EBITDA beat its estimate on lower-than-estimated marketing losses, though reported GRM was 8% below its estimate at $32.2 per barrel.