Interim report
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Ref.: Co.Secy./RKS/382/2026 October 22, 2026 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 500104 National Stock Exchange of India Limited Exchange Plaza, 5th Floor,Plot No. C/1, G-Block, Bandra-Kurla Complex, Bandra East, Mumbai – 400 051 Scrip Name: HINDPETRO Sub.: Outcome of the Board Meeting Dear Sir(s), Further to our letter Ref: Co.Secy/RKS/372/2026 dated October 12, 2026, we wish to inform that at the Meeting of the Board of Directors held today, the Board has, inter-alia, considered and approved the following: A. Unaudited Financial Results of the Company for the Quarter and Half Year ended on September 30, 2026: Pursuant to Regulation 30 read with Schedule III, Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”), Statements showing the Unaudited Financial Results (Standalone and Consolidated) of the Company for the Quarter and Half Year ended September 30, 2026 along with Limited Review Report of the Auditors are attached herewith. B. Additional Disclosures: i. Disclosure on utilization of proceeds of NCD issued by the Company (Ref: Regulation 52 (7) and 52 (7A) of SEBI LODR). ii. Security Cover Disclosure indicating “NIL” Certificate with regard to Non -Convertible Debentures issued by the Company (Ref: 54 (3) of SEBI LODR). C. Statement of deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc.: Not applicable D. Format for disclosing outstanding default on loans and debt securities: NIL as there is no default in the payment of outstanding Loans/ revolving facilities, unlisted debt securities. The Meeting of the Board of Directors commenced at 02:30 p.m. and concluded at 04:40 p.m. This is for your information and records. Thanking you, Very truly yours, Rakesh Kumar Singh Company Secretary Encl: a/a UrneiT1Wititl (8~~ ..... ils::1Rwl~J.i q;)'qft~r;r fi;lfilzs ('ITT«f~;m-q) ~~: 17, ;;,,:r~fG'jftc!V.ra, ~. ~- 400 020 Hindustan Petroleum Corporation Limited (A Govt. of India Enterprise) Regd. Office: 17, Jamshedji Tata Road, Churchgate, Mumbai - 400 020 17, ""'~'l?;,;ft =r mi. $11 • 400 020 I ~...,... : 2286 3900 17,Jamshedjl Tata Road, Churchgate. Mumbai • 400 020 I Phone: 2286 3900 emai l : c:orphqo@hpcl .in I website : www.hindustanpetrolevm.com I CIN: L23201 MH1952GOJ008858 Deliverin~~ Happiness , -'-......J-
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S K Patodia & Associates LLP Chartered Accountants (Convert ed into LLP w.ej December 15, 2023) Unit No. 202, 2nd Floor, Sumer Plaza, Maro!, Andheri (East) Mumbai - 400059 Batliboi & Purohit Chartered Accountants 204, National Insurance Buildin g, D. N. Road, Fort, Mumbai - 400001 Independent Auditors' Review Report on Standalone Unaudited Financial Results of HINDUSTAN PETROLEUM CORPORATION LIMITED for the quarter and six months ended September 30, 2026, pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Review Report To the Board of Directors of HIND UST AN PETROLEUM CORPORATION LIMITED l. We have reviewed the accompanying statement of standalone unaudited financial results of HIND UST AN PETROLEUM CORPORATION LIMITED ("the Company") for the quarter and six months ended September 30, 2026, ("the Statement") , being submitted by the Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations , 2015, as amended, (the "Listing Regulations") except for the disclosures regarding ( a) Physical Performance disclosed in Part B of the Statement and (b) Average Gross Refining Margins stated in Note no. 4 of the Statement. This Statement includes the financial results of the Visakh Refinery of the Company as mentioned in the Other Matters paragraph below, which have been subjected to limited review by the Branch Auditor of the Company. The Branch Auditor 's Limited Review Report dated October 12, 2026 was forwarded to us and the same has been dealt with in preparing this report, in the manner considered necessary by us. 2. This Statement which is the responsibility of the Company 's Management, has been reviewed by the Audit Committee and approved by its Board of Directors in their meeting held on October 22, 2026, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" prescribed under Section 13 3 of the Companies Act, 2013, as amended, read with the relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Perfonned by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial info1mation consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013, and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, and based on the consideration of the Branch Auditor's Limited Review Report referred to in paragraph below, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ("Ind AS") specified under section 133 of the Companies Act,2013 as amended, read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India, has not disclosed the Page I of 2
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S K Patodia & Associates LLP Chartered Accountant s Batliboi & Purohit Chartered Accountants information required to be disclosed in terms of the Listing Regulations , as amended, including the manner in which it is to be disclosed or that it contains any material misstatement. Other Matters 5. We did not review the financial results ofVisakh Refinery which is considered as a Branch and included in the Statement. These financial results reflect total assets of~ 49,081.46 Crore as at September 30, 2026, total revenues of ~ 30,726.32 Crore and ~ 67,228.57 Crore, total net profit/(loss) after tax of ~ 2,823.67 Crore and t 187.71 Crore and total comprehensive income/(loss) oft 2,823.67 Crore and t 187.71 Crore for the quarter and six months ended September 30, 2026, respectively , as considered in the Statement. The financial results of this Branch have been reviewed by the Branch Auditor and our conclusion in so far as it relates to the amounts and disclosures included in respect of this Branch, is based solely on the Branch Auditor 's Limited Review Report and the procedures perfotmed by us as stated in paragraph 3 above. 6. The Statement includes Company 's proportionate share in the Jointly Controlled Expenses of t 0.23 Crore and t 0.95 Crore and Income oft 0.78 Crore and t 1.16 Crore for the quarter and six months ended September 30, 2026, respectively, and total assets oft 2.00 Crore and total liabilities oft 0.66 Crore in respect of 17 unincorporated Joint Operations, which have been included based on their unreviewed financial information. Our conclusion in respect thereof is solely based on their management certified infotmation. 7. The Company does not have the required number of independent directors on its Board, as stipulated under SEBI Listing Regulations 2015, for the period from April O 1, 2026 to September 30, 2026 and up-to the date of this report. Our conclusion on the Statement is not modified in respect of the above matters. For S K Patodia & Associates LLP Chartered Accountants Firm 's Registration No: l 12723W/Wl00962 ,(Yv~ Dhiraj Lalpuria Partner Membership No.: 146268 UDIN: 26146268QTHLJC20 Place: Mumbai Date: October 22, 2026 For Batliboi & Purohit Chartered Accountants Firm's Registration No: 101048W ~ Achinto Das Partner Membership No.: 619017 UDIN: 26619017FTNFOQ96 Place: Mumbai Date: October 22, 2026 Page 2 of2
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HINDUSTAN PETROLEUM CORPORATION LIMITED Regd. Office : Petroleum House, 17, Jamshedji Tata Road, Churchgate, Mumbai - 400 020 WEBSITE : www .hindustanpetroleum.com, E-mail: corphqo@hpcl.in, CIN No: L23201MH1952G0I008858 STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER, 2026 Quarter Ended Six Months Ended Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 Un-Audited Un-Audited Un-Audited Un-Audited Un-Audited A. FINANCIAL PERFORMANCE 1 Income (a) Sale of Products (including Excise Duty) (refer Note# 5 below) 1,38,590.29 1,44,530.72 1,09,802 .96 2,83,121 .01 2,29,383.23 (b) Other Operating Revenue 550.01 595.50 519.54 1,145.51 1,074.33 (c) Other Income 746.88 1,281.08 545.99 2,027.96 1,068.58 Total Income 1,39,887.18 1,46,407 .30 1,10,868.49 2,86,294.48 2,31,526 .14 2 h:penses (a) Cost of materials consumed 45,572.81 63,562 .06 36,661 .69 1,09,134.87 73,204 .36 (b) Purchases of stock-in-trade 74,679.90 91,982.55 54,568.33 1,66,662 .45 1,13,993.95 (c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (882.02) (4,402.01) (3,423.35) (5,284.03) {1,814.41) (d) Excise Duty 4,706.40 4,640.86 9,541.38 9,347.26 18,909.04 (e) Employee benefits expense 695.94 707.01 813.18 1,402.95 1,710.27 (f) Finance Costs 1,207.10 765.13 761.10 1,972.23 1,510.44 (g) Depreciation, amort isation and impairment expense 1,846.85 1,821.24 1,557.00 3,668.09 3,106.13 (h) Other expenses (refer Note# 6 below) 5,292.55 4,776.56 5,270.31 10,069.11 9,961.62 Total Expenses 1,33,119.53 1,63,853.40 1,05,749.64 2,96,972.93 2,20,581.40 3 Profit/(Loss) before exceptional items and tax (1-2) 6,767.65 (17,446.10) 5,118.85 (10,678.45) 10,944.74 4 Exceptional Items - lncome/(Expenses) s Profit/(Loss) before tax (3+/-4) 6,767.65 (17,446.10) 5,118.85 (10,678.45) 10,944.74 6 Tax Expense (a) Current Tax - 1,280.21 2,414.98 (b) Deferred Tax 3,285.03 (5,919.69) 8.27 {2,634.66) 328.52 (c) Short/ (Excess) provision of tax of earlier years Total Tax Expense 3,285.03 (5,919.69) 1,288.48 (2,634.66) 2,743.50 7 Net Profit/(Loss) for the period (5-6) 3,482.62 {11,526.41) 3,830.37 (8,043.79) 8,201.24 8 Other Comprehensive Income A (l) Items that will not be reclassified to profit or loss 68.77 (293.17) {82.06) (224.40) 108.54 A (ii) Income tax relating to Items that will not be reclassified to profit or loss (3.49) 48.28 11.74 44.79 (15.52) B (i) Items that will be reclassified to profit or loss 346.55 (750.29) (69.44) (403.74) (13.77) B (ii) Income tax relating to Items that will be reclassified to profit or loss (87.22) 188.83 17.48 101.61 3.47 Total Other Comprehensive Income 324.61 (806.35) (122.28) {481.74) 82.72 9 Total Comprehensive lncome/(Loss) for the period (7 +/- 8) 3,807.23 (12,332.76) 3,708.09 (8,525.53) 8,283.96 10 Paid up Equity Share Capital (Face value, 10/- each) 2,127.82 2,127.82 2,127.82 2,127.82 2,127.82 11 Other Equity excluding Revaluation Reserves 12 Basic and Diluted Earnings Per Share(~) (off 10/- each) (not annualised) 16.37 (54.17) 18.00 (37.80) 38.54 B. PHYSICAL PERFORMANCE (In MMT) Crude Thruput 6.20 6.52 6.57 12.72 13.23 Market Sales - Domestic Sales 11.71 12.24 11.16 23.95 23.42 - Exports 1.02 0.88 0.91 1.90 1.69 Pipeline Thruput 6.99 6.84 6.12 13.83 12.82 Notes: (iit in Crore) Year Ended 31.03.2026 Audited 4,76,411 .29 2,131.76 2,690.96 4,81,234.01 1,46,387 .84 2,42,014.67 (3,201.93) 37,094.66 3,307.83 3,149.46 7,124.83 22,449.39 4,58,326.7S 22,907.26 22,907.26 5,294.10 452,20 (14.27) 5,732.03 17,175.23 100.09 13.49 (41.00) 10.32 82.90 17,258.13 2,127.82 57,718.88 80.72 26.04 48.53 2.92 25.54 1 The Audit Committee has reviewe d and recommended these results and the same have been subsequently approved by the Board of Directors in its meeting held on October 22, 2026 . 2 The Financial Results have been reviewed by the Statutory Auditors as required under Regulation 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20 15. 3 The Comptroller and Auditor General of India (C&AG) had conducted a supplementary audit of the Standalone Financial Statements for the year ended March 31, 2026 under the Companies Act, 2013. C&AG has stated that on the basis of their audit, nothing significant has come to their knowledge which would give rise to any comment upon or supplement to Statutory Auditors' report for the year ended March 31, 2026. 4 Average Gross Refining Margin (GRM) during the period April - September, 2026 was US $27.89 per BBL as against US $5.95 per BBL during the corresponding previous period. This is before factoring-in the Impact of Special Additional Excise Duty and Road & Infrastructure Cess on export of select petroleum products. Further, during the period Aprll - September 2026, due to the supressed marketing margins on certain petroleum products, the profitability is lmpacted. 5 The MoPNG, vide letter dated 30th April, 2020 had conveyed, inter a/la, to Oil Marketing Companies (OMCs) that in case Market Determined Price (MDP) of LPG Cylinders is less than the Effective Cost to Consumer (ECC), OMCs will retain the difference in a separate buffer account for future adjustment . In the absence of any scheme/authorisation from Gal toward s compen sation, receivable and revenue to the extent of the negative buffer has not been recognised. MoPNG, vide letters dated 3rd and 24th October 2025, has conveyed a compensation of~ 7,920 Crore to the Corporation towards under-recoveries incurred on sale of domestic LPG up to 31.03 .2025 and likely to be incurred up to 31.03.2026. This compensation is to be disbursed in 12 equal monthly instalments, with accrual on a monthly basis commencing from November 2025 , and corresponding disbursement thereafter. Accordingly, tor the period April - September 2026, six equal monthly instalments aggregating to~ 3,960 Crore have been recognised, and included under 'Sale of Products'. The cumulative negative buffer (unrecognised) for the Corporation as on 30th September, 2026 is~ 18,048.82 Crore (31st March, 2026 : ~ 12,798.67 Crore, & ~ 14,240.64 Crore on 30th September, 2025). 6 Other Expenses for the period April - September , 2026, includes~ 313.80 Crore (April - September , 2025 : ~ 798.18 Crore) towards loss on account of foreign currency transactions and translations. 7 Segment information is disclosed in Consolidated Financial Results.
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8 STATEMENT OF STANDALONE ASSETS AND LIABILITIES AS ON: (~ in Crore) Particulars 30.09.2026 31.03.2026 Un-Audited Audited ASSETS 1 Non-Current Assets (a) Property , Plant and Equipment 94,502.07 94,616.22 (b) Capital Work-in-Progress 7,496.06 7,420.07 (c) Intangible Assets 1,246.81 1,279.57 (d) Intangible Assets Under Development 1.55 1.24 (e) Financial Assets (i) Investment in Subsidiaries, Joint Ventures and Associates 24,092.20 19,592.52 (ii) Other Investment s 1,903.52 2,008.20 (iii) loans 5,190.09 9,023.10 (iv) Other Financial Assets 1,266.77 957.99 (f) Other Non - Current Assets 2,359.85 2,640.72 1,38,058 .92 1,37,539 .63 2 Current assets (a) Inventories 45,353.93 39,408.53 (bl Financial Assets Ii) Investments 3,122.86 3,106.84 (ii) Trade Receivables 10,129.15 7,400.04 (iii) Cash and Cash Equivalents 49.72 57.61 (iv) Bank Balances other than cash and cash equivalents 432.22 44.47 (v) Loans 138.62 99.04 (vi) Other Financial Assets 5,855.03 5,015.44 (c) Other Current Assets 1,921.63 1,191.55 67,003.16 56,323.52 Assets classified as held for Sale/ Disposal 3.41 6.99 67,006.57 56,330 .51 Total Assets 2,05,065 .49 1,93,870 .14 EQUITY AND LIABILITIES 3 Equity (a) Equity Share Capital 2,128.21 2,128.21 (b) Other Equity 45,259.41 57,718.88 47,387 .62 59,847 .09 Liabilities 4 Non Current liabilities (a) Financial Liabilities (i) Borrowings 29,530.66 32,245.73 (ia) lease Liabilities 4,501.98 4,508.19 {ii) Other Financial Liabilities 0.39 0.3B (b) Provisions 210.22 204.20 (c) Deferr ed Tax Liabilities (Net) 5,540.66 8,237.79 (d) Other Non-Current Liabilities 1,005.35 1,037 .16 40,789 .26 46,233 .45 5 Current Liabilities (a) Financial Liabilities (I) Borrowings 35,927.51 15,352.93 (ia) Lease Liabilities 500.50 552.27 (Ii) Trade Payables : Total outstanding dues of micro enterprises and small enterprises 1,149.27 934.52 Total outstanding dues of creditors other than micro enterprises and smaU enterprises 35,911.68 30,091 .23 (Iii) Other Financial Liabilities 28,159.53 28,750.80 (b) Other Current Liabilities 11,597.36 7,803 .53 (c) Provisions 3,412.22 3,665.08 (d) Current Tax Liabilities (Net) 230.54 639.24 1,16,888 .61 87,789.60 Total Equity and Liabilities 2,05,065 .49 1,93,870 .14
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9 STANDALONE STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED: (~ In Crore) Particulars 30.09.2026 30.09.2025 Un-Audited Un-Audited A. Cash Flow From Operating Activities Profit/(Loss) Before Tax (10,678 .45) 10,944.74 Adjustments for: Depreciat ion, Amortization and Impairment Expense 3,668 .09 3,106 .13 (Profit)/Loss on sale/write off of property , plant and equipment, Capital work -in~progress, Assets classified held for sale/disposal (39.85) 7.38 Fair value (Gains)/Loss on Investments carried at FVTPL (46 .14) (0.14) Finance Costs 1,972 .23 1,510 .44 Foreign Currency Transaction and Translation (net) 259.67 828.32 Net Provision/ {Reversal) for Doubtful Debts, loans & Receivables (85.82) 112.24 Bad Debts/ Loans/Receivables written off (net) 0.02 0.01 Interest Income on current Investments (113.10) (106 .70) Dividend Income (921.04) (44.65) Other Non-Cash items (includes PMUY Remeasurment etc.) 66 .13 (9.29) Operating Profit before Changes in Assets & Liabilities {Sub Total - (i)l (5,918 .26) 16,348.48 Change in Assets and liabilities : Decrease/ (Increase) in Trade Receivables (2,729.11) 932 .67 Decrease/ (Increase) in Loans and Other As sets (2,847 .93) (846 .64) Decrease/ (Increase) in Inventories (5,945.40) 3,414.26 (Decrease)/ Increase in Trade and Other Payables 9,773 .29 938.45 Sub Total - (II) (1,749.15) 4,438.74 Cash Generated from Operations (i) + (ii) (7,667 .41) 20,787.22 Less : Direct Taxes paid (Net) 164.81 1,687 .64 Net Cash Flow generated from/ (used in) Operating Activities (A) {7,832.22) 19,099.58 B. Cash Flow From Investing Activities Purchase of Property, Plant and Equipment (including Capital Work in Progress/ excluding interest capitalised) (4,070.80) (3,962.39) Sale of Property , Plant and Equipment 97 .68 36 .73 Purchase of Investments in Subsidiaries, Asscosiates and Joint Ventures (Including share application money pending (200 .84) (385 .69) allotment/Advance towards Equity/Preference Shares) Purchase of Other Long Term Investments (Including share application money pending allotment/Advance towards (2.85) (2.20) Equity/ Preference Shares) Purchase of current investments {Government Securities) (179 .51) (831.87) Proceeds from Sale of current investments (Government Securities) 180.00 836.00 Proceeds from Sale of Mutual Funds (Net) 1.87 Loans to related parties (219 .00) (1,775.00) Repayment of Loans by related parties 8.00 Interest Received 113 .59 115 .51 Dividend Received 912.18 38.63 Net Cash Flow generated from/ (used in) Investing Activities (B) (3,361.55) (5,928.41) C. Cash Flow From Financing Activities Proceeds from Long term borrowings 7,278.78 2,499 .85 Repayment of Long term borrowings (4,084.91) (5,716.86) Repayment of Principal Lease Liabilities (277 .30) (129 .19) Proceeds/ (repayment) of Short term borrowings 18,928 .34 304.36 Finance Cost paid (2,094 .79) (1,843.42) Dividend paid (4,089 .37) (2,233 .36) Net Cash Flow generated from/ (used in) Financing Activities (C) 15,660.75 (7,118.62) Net Increase/ (Decrease) in Cash and Cash Equivalents (A+ B + C) 4,466.98 6,052.55 Cash and cash equivalents at the beginning of the period {4,740.51) (6,649.82) Cash and cash equivalents at the end of the period (273.53) (597.27) Details of cash and cash equivalents at the end of the period Cash and cash equivalents as on 30.09.2026 30.09.2025 Balances with Banks: - on current accounts 45.57 807.32 Cash on hand 4.15 4.68 49.72 SU.CO less : Cash Credits (323 .25) (1,409 .27) (273.53) (597 .27)
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10 Additional Disclosures as per SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015: Quarter Ended Particulars 30.09.2026 30.06.2026 Un-Audited Un-Audited (a) Debt Equity Ratio (Times) 1.38 1.52 Borrowings (Long Term+ Short Term)/ Equity (b) Debt Service Coverage Ratio - Not Annualised (Times) 4.20 (1.80) [Profit/(Lo ss) after tax+ Finance cost in P&L + Depreciation, amortization and Impairment]/ [Finance cost (P&L and Capitalized)+ Principal Repayment (Long term borrowing and Lease liabilities}) (c) Interest Service Coverage Ratio (Times) 7.51 (17.37) [Profit/(Loss) before tax+ Finance cost in P&l + Depreciation 1 amortization and Impairment!/ Finance Cost (P&L and Capitalized) (d) Capital Redemption Reserve (~ in Crore) (el Debenture Redemption Reserve (~ in Crore) (f} Net Worth(~ in Crore) 47,387.62 47,735.73 (Equity share Capital+ Other Equity) (g] Outstanding Debt(~ in Crore) 65,458.17 72,596.95 (h) Current Ratio (Times) 0.57 0.56 Current Assets/ Current Liabilities (i) Long Term debt to working capital (Times) (0.59) (0.56) Non Current Borrowing/ Working Capital (j) Bad Debt to Account receivable ratio (Times) 0.00 Bad Debt/ Average Trade Receivable (k) Current Liability Ratio (Times) 0.74 0.76 Current Liability/ Total Liabilities (II Total debts to total assets (Times) 0.32 0.36 [Borrowings (Long Term+ Short Term))/ Total Assets (m) Debtor Turnover - Not Annualised (Times) 15.04 18.41 Sale of Product/ Average Trade Receivable (n) Inventory Turnover - Not Annualised {Times) 3.04 3.39 Sale of Products/ Average Inventory (o) Operating Margin (%} 5.19% (12.38%) [Profit/(Lo ss) before Exceptional Item and Tax+ Finance Costs - Other Income] / Revenue from Operations (p) Net Profit Margin(%) 2.50% (7.94%) Profit/(Loss) after Tax/ Revenue from Operations 11 Previous period figures have been regrouped, wherever necessary. Place : Mumbai Date : October 22, 2026 30.09.2025 Un-Audited 1.07 1.12 7.32 Sl,948.40 55,808.48 0.59 (0.78) 0.00 0.68 0.30 9.87 3.23 4.83% 3.47% Six Months Ended Year Ended 30.09.2026 30.09.2025 31.03.2026 Un-Audited Un-Audited Audited 1.38 1.07 0.80 (0.37) 1.63 1.38 (2.33) 7.76 8.40 47,387.62 51,948.40 59,847.09 65,458.17 55,808.48 47,598.66 0.57 0.59 0.64 (0.59) (0.78) (1.02) 0.00 0.00 0.00 0.74 0.68 0.66 0.32 0.30 0.25 32.30 20.25 49.64 6.68 6.30 12.29 (3.78%) 4.94% 4.88% (2.83%) 3.56% 3.59% By order of the Board v,:,b :.'J.J'" Director-Finance (Whole-time Director) DIN - 09548415
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S K Patodia & Associates LLP Chartered Accountants (Convert ed into LLP w.ef December 15, 2023) Unit No. 202, 2nd Floor, Sumer Plaza, Marol, Andheri (East) Mumbai - 400059 Batliboi & Purohit Chartered Accountants 204, National Insurance Building, D. N. Road, Fort, Mumbai - 400001 Independent Auditors' Review Report on Consolidated Unaudited Financial Results of HINDUSTAN PETROLEUM CORPORATION LIMITED for the quarter and six months ended September 30, 2026, pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Review Report To the Board of Directors of HIND UST AN PETROLEUM CORPORATION LIMITED 1. We have reviewed the accompanying statement of consolidated unaudited financial results of HINDUSTAN PETROLEUM CORPORATION LIMITED ("the Parent") and its subsidiaries (the Parent and its subsidiaries together refened to as "the Group") and its share of the net profit/(loss) after tax and total comprehensive income/(loss) of its associates and joint ventures for the quarter and six months ended September 30, 2026, ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, (the "Listing Regulations"). This Statement includes the financial results of the Visakh Refinery of the Parent as mentioned in the Other Matters paragraph below, which have been subjected to limited review by the Branch Auditor of the Parent. The Branch Auditor 's Limited Review Report dated October 12, 2026 was forwarded to us and the same has been dealt with in preparing this report, in the manner considered necessary by us. 2. This Statement which is the responsibility of the Parent's Management, has been reviewed by the Parent's Audit Committee and approved by the Parent's Board of Directors in their meeting held on October 22, 2026, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013, as amended, read with the relevant rules issued there under and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India ("The !CAI"). This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, as amended, to the extent applicable. 4. This Statement includes the results of the entities listed in Annexure I. Page I of4
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S K Patodia & Associates LLP Chartered Accountants Batliboi & Purohit Chartered Accountants 5. Based on our review conducted and procedures perfo1med as stated in paragraph 3 above , and based on the consideration of the limited review report of the Branch Auditor and other auditors referred to in 'Other Matters' paragraph below , nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ("Ind AS") specified under section 13 3 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other recognized accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and 52 of the SEBI Listing Regulations, as amended, including the manner in which it is to be disclosed or that it contains any material misstatement. Other Matters 6. We did not review the financial results ofVisakh Refinery which is considered as a Branch and included in the Statement. These results reflect total assets oft 49,081.46 Crore as at September 30, 2026, total revenues oft 30,726.32 Crore and t 67,228.57 Crore, total net profit/(loss) after tax oft 2,823.67 Crore and t 187.71 Crore and total comprehensive income/(loss) oft 2,823.67 Crore and z 187.71 Crore for the quarter and six months ended September 30, 2026, respectively, as considered in the Statement. The financial results of this Branch have been reviewed by the Branch Auditor and our conclusion in so far as it relates to the amounts and disclosures included in respect of this branch, is based solely on the Branch Auditor's Limited Review Report and the procedures performed by us as stated in paragraph 3 above. 7. We did not review the financial results of 1 subsidiary included in the Statement, whose financial results reflect total assets oft 4,439.90 Crore as at September 30, 2026, total revenues oft 7.21 Crore and z 47.41 Crore, total net profit/(loss) after tax oH (102.77) Crore and t (182.30) Crore, and total comprehensive income/(loss) on (102.77) Crore and z (182.30) Crore for the quarter and six months ended September 30, 2026 respectively and net cash in/(out) flows of z 3.85 Crore for the six months ended September 30, 2026, as considered in the Statement. The accompanying Statement also includes the Group's share of net profit/(loss) after tax of z 687.64 Crore and z 784.27 Crore, and total comprehensive income/(loss) of z 646.40 Crore and t 966.41 Crore for the quarter and six months ended September 30, 2026, respectively, as considered in the Statement, in respect of 1 Associate and 6 Joint Ventures, whose financial results have not been reviewed by us. These financial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. 8. We did not review the financial results of 4 subsidiaries included in the Statement, whose financial results reflect total assets of z 1,389.31 Crore as at September 30, 2026, total revenues on 244.71 Crore and z 391.04 Crores, total net profit/(loss) after tax on (11.55) Crore and z (19.98) Crore, and total comprehensive income/(loss) on (19.98) Crore and t (26.84) Crore for the quarter and six months ended September 30, 2026, respectively and net cash in/(out) flows of z 4.18 Crore for the six months ended September 30, 2026 as considered in the Statement. The accompanying Statement includes the Group's share of net profit/(loss) after tax of z 14.84 Crore and z 21 .37 Crore and total comprehensive income/(loss) oft 14.90 Crore and z 21.39 Crore for the quarter and six months ended September 30, 2026, respectively, as considered in the Statement, in respect of 2 Associates and 6 Joint Ventures, based on their interim financial results / information which have not been reviewed by their auditors. Our conclusion in respect thereof is solely based on their management certified information. Page 2 of4
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S K Patodia & Associates LLP Chartered Accountant s Batliboi & Purohit Chartered Accountants The accompanying Statement also includes Parent's proportionate share in the Jointly Controlled Expenses of~ 0.23 Crore and~ 0.95 Crore and Income of~ 0.78 Crore and~ 1.16 Crore for the quarter and six months ended September 30, 2026, respectively , and total assets of ~ 2.00 Crore and total liabilities oH 0.66 Crore in respect of 17 unincorporated Joint Operations , which have been included based on unreviewed financial information . Our conclusion in respect thereof is solely based on their management certified information . According to the infom1ation and explanations given to us by the Management of the Parent, this financial results / financial information is not material to the Group. 9. The Parent does not have the required number of independent directors on its Board, as stipulated under SEBI Listing Regulations 2015, for the period from April O 1, 2026 to September 30, 2026, and up-to the date of this report. Our conclusion on the Statement is not modified in respect of the above matters . For S K Patodia & Associates LLP Chartered Accountants Firm Registration No: l 12723W/Wl00962 .,,.-:;:::::::=::::::;:;::--.._ Dhiraj Lalpuria Partner Membership No.: 146268 UDIN : 2614626 8NOIRGJ4902 Place: Mumbai Date : October 22, 2026 For Batliboi & Purohit Chartered Accountants Firm Registration No: 101048 ;J . Partner Membership No.: 619017 . UDIN : 26619017FXWONG955 Place: Mumbai Date : October 22, 2026 Page 3 of 4
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S K Patodia & Associates LLP Chartered Accountants Annexure I - List of entities included in the Statement A. Parent Hindustan Petroleum Corporation Limited B. Subsidiaries l. HPCL Biofuels Limited 2. HPCL Middle East FZCO# 3. Prize Petroleum Company Limited* (PPCL) Batliboi & Purohit Chartered Accountants 4. Prize Petroleum International Pte Ltd. (a wholly owned subsidiary of PPCL)# 5. HPCL LNG Limited 6. HPCL Renewable & Green Energy Limited C. Joint Ventures 1. HPCL - Mittal Energy Limited* 2. Hindustan Colas Private Limited* 3. South Asia LPG Company Private Limited 4. Bhagyanagar Gas Limited 5. Petronet MHB Limited 6. Aavantika Gas Limited 7. HPCL Rajasthan Refinery Limited 8. Godavari Gas Private Limited 9. Mumbai Aviation Fuel Farm Facility P1ivate Limited 10. HPOIL Gas Private Limited 11 . Ratnagiri Refinery and Petrochemicals Limited 12. IHB Limited 13. Petronet India Limited (in the process of winding up, and not included in the Statement.) D. Associates 1. Mangalore Refinery and Petrochemicals Limited* 2. GSPL India Gasnet Limited 3. GSPL India Transco Limited # Incorporated/located outside India • Based on Consolidated Financial Results/Statements Page 4 of4
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HINDUSTAN PETROI.EUM CORPORATION LIMITED Regd. Office: Petroleum House, 17, Jamshedji Tata Road, Churchgate , Mumbai - 400 020 WEBSITE: www. hindustanpetrol eum.com, E-mail : corphqo@hpcl.in, CIN No: L23201MH1952GOI008858 STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER, 2026 Quarter Ended Sh< Month s Ended Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 Un-Aud ited Un-Audited Un-Aud ited Un-Audited Un-Audited (~ in Crore) Year Ended 31.03.2026 Audited FINANCIAL PERFORMANCE 1 Income (a) Sale of Products (Including Excise Duty) (refer Note# 4 below) 1,38,558.33 1,44,618.37 1,09,875.84 2,83,176.70 2,29,511.19 4,76,728.11 (b) Other Operating Revenue 555.17 606.74 521.14 1,161.91 1,078.78 2,137.89 (c) Other Income 461.90 618.90 522.32 1,080.80 1,029.67 2,256.12 Total Income 1,39,575.40 1,45,844.01 1,10,919.30 2,85,419.41 2,31,619.64 4,81,122.12 2 Expenses (a) Cost of materia ls consumed 45,572 .84 63,532.45 36,661.73 1,09,105.29 73,194.37 1,46,592.67 (b) Purchases of stock-in-trade 74,695.88 91,958.77 54,567.90 1,66,654.65 1,13,986.48 2,41,975.08 (c) Changes in inventories of finished goods, work-i n-progress and stock-in-t rade (937.70) (4,305.46) (3,357.48) (5,243.16) (1,687.63) (3,170.45) (d) Excise Duty 4,706.40 4,640.86 9,541.38 9,347.26 18,909.04 37,094.66 (e) Employee benefits expense 711.13 721.75 826.95 1,432.88 1,736.34 3,372.43 (fl Finance Costs 1,259.23 818.36 824.17 2,077.59 1,641.28 3,395.75 (g) Depreciation , amortisation and impairment expe nse 1,903.59 1,877.73 1,612.21 3,781.32 3,216.50 7,347.49 (h) Other expenses (refer Note# 5 below) 5,316.66 4,799.04 5,304.32 10,115.70 10,027.24 22,368.96 Total Expenses 1,33,228.03 1,64,043.50 1,05,981.18 2,97,271.53 2,21,023.62 4,58,976.59 3 Profit/(Loss) before share in profit/ (loss) of Joint Ventures /Associates, 6,347.37 {18,199.49) 4,938.12 (11,852.12) 10,596.02 22,145.53 exceptional items and tax (1-2) 4 Share in profit/ (loss) of Joint Ventures /Associates (net of tax) 472.76 29.42 192.79 502.18 81.51 1,492.59 5 Profit/(Loss) before exceptional items and tax (3+4) 6,820.13 (18,170.07) 5,130.91 (11,349.94) 10,677.53 23,638.12 6 Exceptional Items - lncome/(E xpenses) - 7 Profit/(Loss) before tax {5+/-6) 6,820.13 (18,170.07) 5,130.91 (11,349.94) 10,677.53 23,638.12 8 Tax Expense (a) Current Tax 0.03 1,280.21 0.03 2,414.98 5,294.10 (b) Deferred Tax 3,194 .88 (5,905.40) (8.60) (2,710.52) 292.32 311.40 (c) Short/ (Excess) provision of tax of earlier years - (14.27) Total Tax Expense 3,194.91 (5,905.40) 1,271.61 (2,710.49) 2,707.30 5,591.23 9 Net profit/(loss) for the period {7-8) 3,625.22 (12,264.67) 3,859.30 (8,639.45) 7,970.23 18,046.89 10 Other Comprehensive Income (a) Items that will not be reclassified to profit or loss (net of tax) 67.58 (242.72) (69.59) (175.14) 93.08 118.50 (b) Items that will be reclassified to profit or loss (net of tax) 220.54 (339.89) (98.51) (119.35) (25.04) (384.51) Total Other Comprehensive Income 288.12 (582.61) (168.10) (294.49) 68.04 (266.01) 11 Total Comprehensive lncome/(Loss) for the period (9 •/· 10) 3,913.34 (12,847.28) 3,691.20 (8,933.94) 8,038.27 17,780.88 12 Paid up Equity Share Capital (Face value, 10/- each) 2,127.82 2,127.82 2,127.82 2,127.82 2,127.82 2,127.82 13 Other Equity excluding Revaluat ion Reserves 63,427.91 14 Basic and Diluted Earnings Per Share (1') (of , 10/- each) (not annualised) 17.04 (57.64) 18.14 (40.60) 37.46 84.81 Notes: 1 The Audit Committee has reviewed and recommended these results and the same have been subsequently approved by the Soard of Directors in Its meeting held on October 22, 2026. 2 The Financial Results have been reviewed by the Statutory Auditors as required under Regulation 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. 3 The Comptroller and Auditor General of India (C&AG) had conducted a supplementary audit of the Consolidated Financial Statements for the year ended March 31, 2026 under the Companies Act, 2013. C&AG has stated that on the basis of their audit, nothing significa nt has come to their knowledge which would give rise to any comment upon or supplement to Statutory Auditors' report for the year ended March 31, 2026. 4 The MoPNG, vide letter dated 30th April, 2020 had conveyed, inter alla, to OIi Ma rketing Companies (OMCs) that in case Market Determ ined Price (MOP) of LPG Cylinders is less than the Effective Cost to Consumer (ECC), OMCs will retain the difference in a separate buffer account for future adjustment. In the absence of any scheme/authorisation from Gol towards compensation, receivable and revenue to the extent of the negative buffer has not been recognised. MoPNG, vide letters dated 3rd and 24th October 2025, has conveyed a compensation of" 7,920 Crore to the Corporation towards under-recoveries incurred on sale of domestic LPG up to 31.03.2025 and likely to be incurred up to 31.03.2026 . This compensation is to be disbursed in 12 equal monthly instalments, with accrual on a monthly basis commencing from November 2025, and corresponding disbursement thereafter . Accordingly, for the period April • September 2026, six equal monthly instalments aggregating to~ 3,960 Crore have been recognised, and included under 'Sale of Products'. The cumulative negative buffer (unrecognised) for the Corporation as on 30th September, 2026 Is~ 18,048.82 Crore (31st March, 2026: ~ 12,798.67 Crore, & ~ 14,240.64 Crore on 30th September, 2025). Other Expenses for the period April - September, 2026, includes ~ 312 .81 Crore (April - September, 2025 : " 799 .38 Crore) towards loss on account of foreign currency transactions and translations.
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6 STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES AS ON· (1'. in Crore) Particulars 30.09.2026 31.03.2026 Un-Audited Audited ASSETS 1 Non-Current Assets (a) Property, Plant and Equipment 98,804.92 98,981.38 (b) Capital Work-in-Progress 8,052.14 7,894.10 (c) Goodwill on Consolidat ion 304.92 304.92 (d) Other Intangible Assets 1,247.79 1,280.71 (e) Intangible Assets und er development 1.55 1.24 {f) Investment in Joint Ventures and Associates 27,024.59 22,897.14 (g) Financial Assets (i) Other Investments 1,903.52 2,008.20 (ii) Loans 5,190.21 9,023.13 (iii) Other Financial Assets 1,268.39 961.43 (h) Other Non - Current Assets 2,867.70 3,117.06 1,46,665 .73 1,46,469.31 2 Current Assets (a) Inventories 45,464.11 39,558.80 (b) Financial Assets (i) Investments 3,122.86 3,106.84 (ii) Trade Receivables 10,054.19 7,403.77 (iii) Cash and Cash Equivalents 103.68 103.53 (iv) Bank Balances other than cash and cash equivalents 458.74 67.40 (v) Loans 138.65 99.07 (vi) Other Financial Assets 5,830.54 5,006.61 (c) Other Current Assets 1,972.17 1,216.38 67,144.94 56,562 .40 Assets classified as held for Sale/ Disposal 3.95 7.53 67,148.89 56,569.93 Total Assets 2,13,814.62 2,03,039.24 EQUITY AND LIABILITIES 3 Equity (a) Equity Share Capital 2,128.21 2,128.21 (b) Other Equity 50,560.20 63,427.91 52,688.41 65,556.12 4 liabilities Non Current Liabilities (a) Financial Liabiliti es (i) Borrowings 32,922.67 35,470.54 (ia) Lease Liabilities 4,515.61 4,513.12 (ii) Other Financial Liabilities 0.39 0.38 (b) Provisions 228.24 221.53 (c) Deferred Tax Liabilities (Net) 5,274.52 8,047.51 (d) Other Non-Current Liabilities 1,014.45 1,046.65 43,955 .88 49,299 .73 5 Current liabilities (a) Financial Liabilities (i) Borrowings 35,932.56 15,428.33 (ia) Lease Liabilitie s 500.67 552.44 (ii) Trade Payables Outstanding dues of micro ente rprises and small enterprises 1,200.28 969.58 Outstanding dues of creditor other than micro enterprises and small enterprises 35,981.71 30,224.79 (iii) Other Financial Liabilities 28,248.06 28,877.80 (b) Other Current Liabilities 11,653.55 7,815.56 (c) Provisions 3,422.96 3,675.65 (d) Current Tax Liabilities (Net) 230.54 639.24 1,17,170.33 88,183.39 Total Equity and Liabilities 2,13,814.62 2,03,039.24
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7 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED· (~ in Crore) Particulars 30.09.2026 30.09.2025 Un-Audited Un-Audited A. Cash Flow From Operating Activit ies Profit/(Loss) Before Tax (11,349 .94) 10,677 .53 Adju stments for: Depreciation , Amortizatio n and Impairment Expense 3,781.32 3,216.50 (Gain)/Loss on sale/w rite-o ff of property, plant and equipment, Capital work -in- (39.85) 7.38 progre ss, Assets classified held for sale/disposal Fair value (Gains)/Loss on Investments carried at FVTPL (16.75) 9.66 Finance Costs 2,077.59 1,641.28 Foreign Currency Transaction and Translation (net) 259.28 829.23 Net Provision/(Reversa l) for Ooubtful Debts, Loans & Receivables / Bad (85.80) 112.25 debts/Loans/Receivables written off (Net) Interest Income on current Investments (113. 73) (107.59) Dividend Income (4.01) (6.02) Share of (Profit)/Loss from Associate and Joint Venture compan ies (net of tax) (502.18) (81.51) Other Non-Cash items (includes PMUY Remeasurement etc.) 65.78 (10.49) Operating Profit before Changes in Assets and Liabilitie s {Sub Total - (i)) (5,928.29) 16,288.22 Change in Assets and Liabilities : Decrease/ (Increase) in Trade Receivables (2,726.20) 933.82 Decrease/ (Increase) in Loans and Other Assets (2,902.05) (858.10 ) Decrease/ (Increase) in Inventorie s (5,905.31) 3,537.55 (Decrease)/ Increase in Trade and Othe r Payables 9,821.76 879 .55 Sub Total - (ii) (1,711.80) 4,492.82 Cash Generated from Operations (i) + (ii) (7,640.09) 20,781.04 Less : Direct Taxes paid (Net) 164.84 1,687.64 Net Cash Flow generated from/ {used in) Operating Activities (A) (7,804.93) 19,093.40 B. Cash Flow From Investing Activities Purchase of Property, Plant & Equipmen t (including Capital Work in Progress/ (4,182.34) (4,099.38) excluding interest capitalised) Sale of Property , Plant & Equipment 97.68 36.73 Purchase of Investments (Including share application money pending (90.54) (63.69) allotment /Advance towar ds Equity) Purchase of Other l ong Term Investme nts (Including share applicatio n money (2.85) (2.20) pending allotment/Advance toward s Equity/ Preference Shares) Investments in Bank Deposits more than 3 months (Net) (2.85) Purchase of curre nt investments (Governme nt Securities) (179.51) (831.87) Proceeds from Sale of current investme nts (Government Securities) 180.00 836.00 Proceeds from Sale of Mutual Funds (Net) 1.87 Loan to related parties (219.00) (1,775.00) Repayment of loans by related parties 8.00 Interest receive d 114.03 116.41 Dividend received from Associate and Joint Venture compan ies 908.17 38.63 Dividend received - others 4.01 Net Cash Flow generated from/ (used in) Investing Activitie s (B) (3,365.20) (5,742.50) C. Cash Flow From Financing Activitie s Proceeds from Long term borrowings 7,446.11 2,548.26 Repayment of Long term borrowings (4,084.91) (5,716.96) Repayment of Principal Lease Liabilities (277.43) (129.19) Proceeds/ (repayment) of Short term borrowings 18,928.34 304.36 Finance Cost paid (2,207.24) (1,973.90) Dividend paid (4,089.37) (2,233.36) Net Cash Flow generated from/ (used in) Financing Activities (C) 15,715.50 17,200.79) Net Increase/ {Decrease) in Cash and Cash Equivalents (A+ 8 + C) 4,545.37 6,150.11 Cash and cash equivalents at the beginning of the Period (4,769.99) (6,685.70) Cash and cash equivalents at the end of the Period (224.62) (535.59) Details of cash and cash equivale nts at the end of the Period: 30.09.2026 30.09.2025 Balances with Banks: •on current accounts 63.13 823.14 Cash on hand 4.16 4.68 Other Bank Balances 36.39 75 .18 103.68 903.00 Less: Cash Credits (328.30) (1,438.59) (224.62) (535.59)
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8 Consolidated Segment-wise Revenue, Results, Assets and liabilities : (~ in Crore) Quarter Ended Six Months Ended Vear Ended Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Un-Audited Un-Audited Un-Audited Un-Audited Un-Audited Audited 1 SEGMENT REVENUE a) Downstream Petroleum 1,39,299.01 1,45,127.41 1,10,307.90 2,84,426.42 2,30,416.16 4, 78,518.63 b) Others 84.23 183.72 98.88 267.95 203.86 474.77 Sub-Total 1,39,383 .24 1,45,311.13 1,10,406.78 2,84,694 .37 2,30,620.02 4,78,993 .40 Less: Inter-Segment Revenue 269.74 86.02 9.80 355.76 30.05 127.40 Total Revenue 1,39,113 .50 1,45,225.11 1,10,396 .98 2,84,338.61 2,30,589.97 4, 78,866.00 2 SEGMENT RESULTS a) Profit/ (Loss) before Tax, Interest Income, Interest Expenditure and Dividend from each Segment i) Downstream Petroleum 7,339 .00 (17,712.65) 5,413.75 (10,373.65) 11,557 .85 24,089.50 ii) Others (69.74) (26.90) (85.51) (96.64) (157.89) 1315.72) Sub-Total of (a) 7,269.26 (17,739.55) 5,328.24 (10,470.29) 11,399 .96 23,773.78 b) Finance Cost 1,259.23 818.36 824.17 2,077 .59 1,641.28 3,395.75 c) Other Un-allocable Expenditure (Net of Un-allocable Income) (337.34) (358.42) (434.05) (695.76) (837.34) (1,767.50) d) Share in profit/ (loss) of Joint Ventu res / Associates (net of tax) 472.76 29.42 192.79 502.18 81.51 1,492.59 Profit/ (loss) before tax (a-b -c+d) 6,820 .13 (18,170.07) 5,130.91 (11,349 .94) 10,677.53 23,638.12 3 SEGMENT ASSETS a) Downstream Petroleum 2,07,839 .25 2,05,497 .48 1,87,860 .25 2,07,839.25 1,87,860.25 1,96,841.66 b) Others (Unallocated-Corporate) 5,975.37 5,9S3.56 6,028.77 5,975.37 6,028.77 6,197.58 Total 2,13,814 .62 2,11,451.04 1,93,889 .02 2,13,814.62 1,93,889.02 2,03,039.24 4 SEGMENT LIABILITIES a) Downstream Petroleum 1,57,588.45 1,55,074 .14 1,33, 743.52 1,57,588 .45 1,33,743.52 1,33,978 .34 b) Others (Unallocated-Corporate) 3,537 .76 3,446 .53 3,256 .70 3,537.76 3,256.70 3,504 .78 Total 1,61,126 .21 1,58,520.67 1,37,000.22 1,61,126.21 1,37,000.22 1,37,483.12 Notes: i. There are no reportable segments other than downstream petroleum , as per para 13 of Ind AS 108 on Reporting of Operating Segments. ii. Segment Revenue comprises of the following: a) Turnover b) Subsidy/ Grant from Government of India c) Other Operating Revenues iii. There are no geographical segments.
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9 Additional Disclosures as per SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 : Quarter Ended Particulars 30.09.2026 30.06.2026 Un-Audited Un-Audited (a) Debt Equity Ratio (Times) 1.31 1.43 Borrowings (Long Term+ Short Term)/ Equity (b) Debt Service Coverage Ratio • Not Annualised (Times) 4.21 (1.90) [Profit/ (Loss) after tax:+ Finance cost in P&L + Depreciation, amortisation and impairment)/ (Finance cost (P&L and Capitalized)+ Principal Repayment (Long term borrow ing and Lease Liabilities)} (c) Interest Service Coverage Ratio (Times) 7.32 (16.97) (Profit / (Loss) before tax+ Finance cost in P&L + Depreciation, amortisation and impairment] / Finance Cost (P&l and Capitalized) (d) Capital Redemption Reserve (" in Crore) 1.56 1.56 (e) Debenture Redemption Reserve(" in Crore) 49.38 49.38 (f) Net Worth (" in Crore) 52,688.41 52,930.37 (Equity share Capital+ Other Equity) (g) Outstanding Debt I' in Crore) 68,855.23 75,913.53 (h) Current Ratio (Times) 0.57 0.56 Current Assets/ Current Liabilities (I) Long Term debt to working capital (Times) (0.66) (0.62) Non Current Borrowing / Working Capital (j) Bad Debt to Account receivable ratio (Times) 0.00 Bad Debt/ Average Trade Receivable (k) Current Liability Ratio (Times) 0.73 0.75 Current Liability/ Total liabilit ies (I) Total debts to total assets (Times) 0.32 0.36 [Borrowings (Long Term+ Short Term))/ Total Assets (m) Debtor Turnover ~ Not Annualised (Times) 15.09 18.41 Sale of Product/Average Trade Receivable (n) Inventory Turnover • Not Annualised (Times} 3.03 3.38 Sale of Products/ Average Inventory (o) Operating Margin (¾) 5.48% (12.37%) [Profit/ (Loss) before Exceptional Item and Tax+ Finance Costs- Other Income)/ Revenue from Operations (p) Net Profit Margin (%} 2.61% (8.45%) Profit / (loss) after Tax / Revenue from Operations 10 Previous period figures have been regrouped, wherever necessary. Place : Mumbai Date : October 22, 2026 30.09.2025 Un•Audited 1.03 1.14 7.01 1.56 49.38 56,888.80 58,870.55 0.59 (0.86) 0.00 0.67 0.30 9.87 3.23 4.92% 3.50% Six Months Ended Year Ended 30.09 .2026 30.09 .2025 31.03 .2026 Un•Audited Un~Audited Audited 1.31 1.03 0.78 (0.42) 1.61 1.43 (2.41) 7.28 8.19 1.56 1.56 1.56 49.38 49.38 49.38 52,688.41 56,888.80 65,556.12 68,855.23 58,870.55 50,898.87 0.57 0.59 0.64 (0.66) (0.86) (1.12) 0.00 0.00 0.00 0.73 0.67 0.64 0.32 0.30 0.25 32.44 20.27 49.70 6.66 6.28 12.24 (3.64%) 4.90% S.17¾ (3.04%) 3.46% 3.77% By order of the Board 'V-,.&.:~iJ,,_ Director• Finance (Whole -time Director) DIN - 09548415
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Regulation 52{7) and 52{7A) of SEBI {LODR) Regulation, 2015 Statement of utilization of issue ~roceeds of Non-Convertible debentures Name of the Issuer ISIN Mode of Fund Type of instrument Date of raising Amount Funds utilized Any If 8 is Yes, then Remarks , if an y Raising (Public funds Raised deviation specify the issues/ Private (Yes/ No) purpose of for placement) which the funds were utilized 1 2 3 4 5 6 7 8 9 10 Not Applicable as no NCDs were issued during July-September 2026 - iCJ:sc ,·..;..;¼i~..._,_ ,,.,, -· V<7 rP,, ,,·:~-:.\- - ~/'7~· -.,. GIN No. •• ';- -? L23201MH1952\to,., - r • _ - GOI008656 • <l'l K Vinod I i W,. * Executive Director - Corporate Finance \ ... . Petroleum House, , '<', ¾.,. 17. J. Tata :#' /2 ~6 • Road., .~ :' Hindustan Petroleum Corporation Limited v..s' Courchga,e, r{!- Date: 14.10.2026 • ~J-4~ r.1urnbai-2Q e,O ~{ Pt:TROL"-\}\t
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Regulation 52(7) and 52(7A) of SEBI (LODR) Regulation, 2015 Statemen t of deviation/ variation in use of Issue groceeds of Non-Convertible Debentures Particular Remarks Name of listed entity Hindustan Petroleum Corporation Limited Mode of Fund Raising Private Placement Type of instrument Non-Convertible Debentures Date of Raising Funds Not Applicable Amount Raised (Rs Crs) Not Applicable Report filed for quarter ended 3009 .2026 Is there a Deviation I Variation in use of funds raised ? No Whether any approval is required to vary the objects of the Not Applicable issue stated in the prospectus/ offer document ? If yes, details of the approval so required? Not Applicable Date of approval Not Applicable Explanation for the Deviation / Variation Not Applicab le Comments of the audit committee after review Not Applicable Comments of the auditors, if any Not Applicable Objects for which funds have been raised and where there has been a deviation/ variation, in the following table: Original Object Modified Object, if any Original Modified Funds Utilised Amount of deviation/ Remarks, if any Allocation allocation, variation for the quarter if any according to applicable object (in Rs. crore and in %) Not Applicable as no NCDs were issued during July-September 2026 Deviation could mean: (a)Q viation in the objects or purposes for which the funds l1ave been raised ~ ) D viation in the amount of funds actually utilize~ -aga~ , at was originally disclosed. I ~Ver~-?)', S2 I},_'\• "1>,'r~ ( Jri- .' GIN No •-~ 1: _ "- fP!JtL23201MH1952,i · ,, l £ • GOI008856 - c.\l I KVmod ~ °J,· * * .• Petrolei.:m Hot;SC. • Executive Director - Corporate Finance ~,:;, ~ 17. J. TJata <I(, t -0 • Roa . e . Hindustan Petroleum Corporation Limited c:-<l' Churchga:e, O~ D t . 14 10 2026 r..q,. Muo1ba1-2D ~ c; a e. , , ',t P~n - , ~\}\ .
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Column A Particulars -~ .......... ... ASSETS Prop erty, Planl and Equipment Capital Work-in-Progress Right of Use Assets Goodwi ll Intangi ble Assets lnlangibl e Assets under Development Investments Loans Inventor ies 1 Trade Receivables Cash and Cash Equivalents Bank Balances other than Cash and Cash Equivalents Others Total LIABILITIES 1 Debt securities to which thi s certificate pertains Other debt sharin g pari-passu charge with above debt Other debt 1_Subordinated debt Borrowi ngs Bank Debt Securiti es + Others T Trade payables Lease Uabilities Provisions Others Total 11oron8ook Val"" _____ ..,..___,. ti on M11Ut Vat ... ~ . . - . , . Column 8 i I I Description of I asset for which this certificate relote r Cover ColumnC{iJ Exclusive Charge I I Debt for which this certiflcat e being inued Book Value + t f + Column D[ii] ! Column E(iii} Exclusive Charge I Pari-Panu Charge I I I I Debt for which this Other Secured Debt certifiate bei ng issued Book Value Yes/ No +- I Pari-Pa~,: Security Cover Ratio Security Cover Column F(iv] Column G{v] Colum n H{vi} Column l[vii] Column J Pari-Passu Pari-Pa»u Charge Assets not offered Eliminatio n (amount {Total C to H) Charge as Security in negative) Assets shared by pa.ri passu debt holder {lndudcs debt Other assets on which debt amount considered for which tMs th ere Is parf~ Passu more than once (due to certificate. ls charge (excluding Items exclusive plus parl passu Issued & other covered In column F=) charae) debt with parlpas.su charge) ,- ~ nook Value Book Value t j I j +- -+ ~ + + 1 1 The Debt Securities are unsecured in Nature t i 1 Column K Market Value for Assets charged on Exclusive basis I Column L I ColumnM I Column N Related to only those items covered by this c:ertifkate -+ + + Carrying /boo k value for exclusive charge assets where market value is not a~cert.alnable or applicable (For Eg.Bank Balance, OSRA market value Is not applicable) - ' j t I l Carrying value/book value for pari passu charge Market assets where Value for market value is Pari passu not charge ascertalnaleor Assets viii applicable (For Eg. Bank Balance, OSRA market value is not Relating to Column F I 0 ~ I Column a ,. I Total Value(~K+l +M+ N) I j