Hindustan Petroleum Corporation Ltd. (HPCL), ranked at 327 in the Fortune Global 500 list and 133 in the list of Platts Top 250 Global Energy Companies in 2015, registered excellent financial performance in 2015-16. It achieved a bottomline growth in PAT of 41 per cent. Profit after tax on standalone basis stood at Rs. 3,863 crores with gross sales of Rs. 1,97,744 crores.
The increase in profit is primarily due to superior refinery performance on reliability metrics, improved refining margins, and higher domestic market sales. EBIDTA stood at Rs. 9,045 crores during 2015-16 as against Rs. 6,832 crores during previous year, recording an increase of 32 per cent. Earnings per share stood at Rs. 114.07 during the year as against Rs. 80.72.
For the quarter ended March 31, 2016, domestic sales of petroleum products increased to 9.01 million tonnes, registering a growth of 11.7 per cent over the corresponding previous quarter.
HPCL, on a consolidated basis, recorded impressive profit after tax of Rs. 4,921 crores during 2015-16 as against Rs. 1,499 crores in the previous year, registering a growth of 228 per cent. Earnings per share stood at Rs. 145.34 during 2015-16 as against Rs. 44.25 for the previous year, on a consolidated basis.
During April-March 2016, the refineries achieved the highest-ever crude thruput of 17.23 million tonnes, which is 116 per cent of the total installed capacity, as against 16.18 million tonnes during the corresponding previous period April-March 2015. The refineries produced the highest-ever MS (3.03 million tonnes), HSD (6.5 million tonnes) and lube oil base stock (528 thousand tonnes). This remarkable physical performance by the refineries has resulted in a healthy combined gross refining margin of $6.68 per barrel during 2015-16 as compared to $2.84 per barrel in the corresponding previous year period.
The Marketing Division recorded the highest-ever domestic sales of 33.84 million tonnes during the year ended March 2016 with an impressive growth rate of 9.3 per cent as against the industry (PSU) growth of 7.7 per cent. This remarkable growth has led to a market share gain of 0.32 per cent to reach market share of 21.3 per cent in the PSU category. Sales of motor spirit (petrol) increased by 14.4 per cent, high-speed diesel by 6.5 per cent, aviation turbine fuel by 20.6 per cent, lubes by 20.4 per cent and of bitumen by 26.7 per cent, contributing to the commendable overall growth during the year.
The retail segment maintained growth leadership both in MS and HSD (PSU) and registered a market share gain of 0.4 per cent on total motor fuels. The industrial & consumer segment recorded commendable growth of 23.4 per cent, improving the market share by 0.9 per cent among PSUs. In the highly competitive lube segment, HPCL continued to be the No.1 lube marketer.
HPCL has successfully implemented the PAHAL scheme (direct benefit transfer of LPG subsidy) with 4.02 crores of active HP gas customers joining the initiative as of March 31, 2016. Under the #GiveItUp campaign, over 27 lakh HP gas customers voluntarily gave up LPG subsidy and the amount thus saved has benefited over 13 lakh BPL families.
During 2015-16, the Corporation commissioned 443 km long Rewari-Kanpur product pipeline ahead of schedule, taking the total product pipeline network to 3015 km. To augment supply infrastructure, a new POL terminal at Kanpur and a new depot at Bokaro were commissioned. Two new aviation service facilities (ASFs) at Chandigarh and Dharamshala were also commissioned during the year.
In recognition of excellence in performance, HPCL has been recognized at various international and national forums with Awards for its achievements.