HPCL targets ₹1,500 crore EBITDA amid capex cuts
pre-market1 source ↓written by the desknot a recommendation
- through the Samriddhi
- ₹1,500 crore in EBITDA improvements
HPCL reported a standalone net loss of ₹11,526 crore in Q1 FY27, primarily due to crude inventory write-downs. To strengthen its balance sheet, the company is reducing its annual CapEx budget to ₹9,700 crore and aims for ₹1,500 crore in EBITDA improvements through the Samriddhi 2.0 initiative. Management is adopting a conservative outlook amid global energy market volatility.
Not investment advice. For informational purposes only.