Shares of Hindustan Petroleum Corporation Ltd (HPCL) gained on Wednesday, October 30, while those of United Breweries Ltd (UBL) declined following their respective Q2 results announcements.
HPCL
HPCL reported a sharp rise in profit for the September quarter, driven by strong refining margins across its operations.
The state-run refiner’s standalone net profit surged over six times to ₹3,830 crore for Q2 FY26, compared to the same period last year.
Its gross refining margin (GRM) — the profit earned from converting a barrel of crude oil into finished products — rose to $8.80 per barrel, up from $3.12 per barrel a year ago.
At 11:55 a.m., HPCL shares were trading 1% higher at ₹473.6 apiece on the NSE.
India, the world’s third-largest oil importer and consumer, recorded an increase in fuel demand during two of the three months between July and September.
United Breweries
Shares of United Breweries, the maker of Kingfisher beer, fell up to 4% to ₹1,776 after the company reported a 64% year-on-year drop in net profit and a 21% decline in revenue for the second quarter.
The company attributed the weak performance to an extended monsoon, a high base from the previous year, and lower sales in key states like Karnataka and Rajasthan.
So far in 2025, United Breweries’ stock has declined around 13%.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors are advised to consult financial experts before making any investment decisions.
