Mumbai, July 23 -- Despite the loss, the company's total income (excluding excise duty) increased 26.9% year-on-year (YoY) to Rs 1,39,889.86 crore in Q1 FY27.

HPCL said its financial performance reflected the impact of the ongoing West Asia crisis, although its refining and marketing operations remained resilient during the challenging period.

The company posted a pre-tax loss of Rs 17,446.10 crore in Q1 FY27, compared with a profit before tax of Rs 5,825.89 crore in the corresponding quarter of the previous year.

Average Gross Refining Margin (GRM) surged to $23.80 per barrel during the June quarter from $3.08 per barrel a year earlier, before accounting for the impact of the Special Additional Excise Duty and Road & Infrastructure Ce...