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HPCL Q4 Results: Stock falls ahead of earnings but marked change in fundamentals in Q1A CNBC-TV18 poll is pointing to a weak quarter for HPCL. However, expectations have increased from HPCL after its peers BPCL and Indian Oil reported a strong quarter.By Sudarshan Kumar   | Hormaz Fatakia   May 6, 2025, 11:34:16 AM IST (Published)2 Min ReadShares of state-run Hindustan Petroleum Corporation Ltd. (HPCL) will be among the last of the state-run oil refiners to report their March quarter results on Tuesday, May 6. The stock is at the lows of the day ahead of the earnings announcements.

A CNBC-TV18 poll is pointing to a weak quarter for HPCL. However, expectations have increased from HPCL after its peers BPCL and Indian Oil reported a strong quarter.

Even after a potentially weak quarter, internals for HPCL have improved significantly.

Crude oil prices during the quarter have declined significantly in the month of April, in comparison to the rise of 4% to 5% price rise that took place during the fourth quarter.

The rupee too has seen a sharp appreciation during the first quarter of the new financial year, compared to a fall towards record lows during the March quarter.

For the results, though, a CNBC-TV18 poll expects HPCL's net profit to decline by 27% from the previous quarter to ₹2,220 crore, while revenue is likely to remain flat at ₹1.11 lakh crore.

HPCL's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) is likely to be lower by 19% from the earlier quarter, while margins may narrow by 100 basis points.

Gross Refining Margins are seen at $5.46 per barrel from $6.01 in the previous quarter, while the figure during the same quarter last year stood at $7 per barrel.

These are some of the key factors to watch out for going into HPCL's results:

Update on LPG compensation, if any

Russian crude sourcing update

Premium for West Asia oil

Both refining and marketing businesses expected to be weak

Shares of HPCL have declined to the lowest point of the day ahead of results, currently trading 2.5% lower at ₹399.4.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsearningsHindustan Petroleum (HPCL)HPCL shareshare market today