HPCL Shares Jump After Profit Soars 2598% to ₹3,859 Crore

Hindustan Petroleum Corporation Ltd reported a massive year-on-year profit surge, with Q2 net income rising 2598% to ₹3,859 crore on record refining margins and robust throughput. The state-owned refiner declared an interim dividend of ₹5 per share with a record date of November 6. Revenue grew modestly as higher inventory gains offset volatility in crude prices. Analysts said improved operating efficiency, falling input costs, and favorable product spreads drove the performance. The stock touched a new 52-week high, extending its recent rally.