Hindustan Petroleum has introduced that its consolidated internet revenue for the December-end quarter rose by about 57.7% year-on-year to Rs 4,011 crore, which helped enhance crude refining margins in the identical interval. File | Photograph credit score: Reuters
Had the chloride contamination not occurred on the Mumbai refinery, Hindustan Petroleum’s gross refining margin (GRM) for the quarter ended December 31, 2025 would have been larger, Chairman and Managing Director (CMD) Vikas Kaushal instructed traders in a convention name on Thursday (January 22, 2026).
“Had it not occurred, we (GRM) would have been $3.5 a barrel larger in Mumbai and total would have been $10.24 a barrel (as an alternative of $8.85 a barrel) within the quarter,” Kaushal instructed traders.
In October 2025, the Mumbai-based refiner reported that among the crude oil it obtained from its provider, Hindustan Petroleum Exploration Ltd., was discovered to have “very excessive ranges of salt and chloride within the[obtained]crude oil.” Kaushal had anticipated to return to full manufacturing in 2025, however components of the refinery needed to be briefly shut down, he instructed traders on a convention name.
“This problem has been fully resolved,” Kaushal mentioned on Thursday (January 22, 2026). “The one remaining points to resolve are monetary and industrial, however the asset is working at full capability and the run price GRM might be accurately for an asset of its measurement and sophistication,” he mentioned.
The Mumbai-headquartered refiner on Wednesday (January 21, 2026) introduced that its consolidated internet revenue for the December-end quarter rose by round 57.7% year-on-year to Rs 4,011 crore, driving an enchancment in gross refining margins in the course of the interval.
(On the time of writing, scrip was buying and selling 0.8% decrease at ₹425.50 per piece on the BSE and round 0.9% decrease at ₹425.30 per piece on the NSE.)
