INDIA MARKET LENS
Companies◆ MixedQuarterly Results

HPCL Q2 Swings To Profit, Beats Estimates; Revenue Sees Marginal Dip

Hindustan Petroleum is in focus in a quarterly results development.

· NDTV Profit

Revenue stood at Rs 1.34 lakh crore, marginally above the Bloomberg estimate of Rs 1.33 lakh crore. EBITDA came in at Rs 9,074 crore, against the estimated loss of Rs 141 crore.

Hindustan Petroleum reported Rs 1.34 lakh crore, Rs 9,074 crore and Rs 141 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -1.9% on the day at ₹340.80, and has returned -13.8% over three months. It sits 32% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -5.7% over the same period, so Hindustan Petroleum is running 8.1 points behind its peers.

For Hindustan Petroleum, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.

  • Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
  • The company directly in focus is HINDPETRO.
  • Sector exposure: Oil & Energy.
HINDPETROOil & Energy