The proposed payout is the highest dividend declared by HPCL in the last five years, underscoring the strong financial performance delivered by the state-run oil marketing company during FY26. The company had earlier announced the dividend recommendation while reporting its March quarter earnings.
The dividend of ₹19.25 per share surpasses payouts made in recent years, including ₹15 per share in February 2024, ₹11 in August 2024, ₹10.5 in August 2025 and ₹6 in November 2025. Only the ₹22.75 per share dividend paid in July 2021 was higher.
HPCL ended FY26 on a strong note. For the March quarter, the company reported a net profit of ₹4,901 crore, significantly ahead of the CNBC-TV18 poll estimate of ₹2,120 crore and up 20% sequentially.
Quarterly revenue stood at ₹1.15 lakh crore, broadly unchanged from the December quarter. EBITDA rose 28% sequentially to ₹8,979 crore, while EBITDA margin expanded to 7.8% from 6.1% in the previous quarter.
The company’s refining performance also improved during the year. HPCL reported a full-year gross refining margin (GRM) of $8.79 per barrel, compared with $5.74 per barrel in FY25. For the March quarter, GRM stood at $14.5 per barrel.
HPCL shares gained on June 12 alongside other oil marketing companies amid falling crude oil prices. The stock ended Friday’s session at ₹389.70, up 6.56% on the NSE.
Members holding shares as of the August 14 record date will be eligible to receive the dividend, subject to approval at the AGM.
