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The company returned to profitability in Q2FY27, after reporting a loss of ₹12,264.67 crore in Q1FY27, supported by healthy marketing margins after the retail fuel prices were hiked by a cumulative ₹7 in May 2026. During the quarter, HPCL's consolidated revenue from sale of products rose 26% to ₹1.38 lakh crore in Q2FY27 against ₹1.09 lakh crore in Q2FY26. Total income for the quarter under review also rose by 25.8% to ₹1.39 lakh crore against ₹1.11 lakh crore in Q2FY26. Read more: Jio leverage play pops up at SBI as India brokers lure IPO bets For the first half of FY27, however, the company reported a loss of ₹8,639.45 crore, compared with a profit of ₹7,970 crore in April-September FY26, on the back of crude oil prices surpassing $100 per barrel due to the West Asia war. This squeezed the company's marketing margins. "During April-September 2026, due to the suppressed marketing margins on certain petroleum products, the profitability is impacted," the company said in a regulatory filing. Read more: Record galore! Jio IPO claims crown for highest QIB demand among India’s 5 largest issues, edges past NSE Refining margins, however, improved during the first half of FY27. The company's average gross refining margin during April-September stood at $27.89 per barrel against $5.95 per barrel in year-ago period. - Our Bureau (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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