Hindustan Petroleum Corporation Ltd (HPCL) reported a consolidated net profit of Rs 3,625.22 crore for the second quarter of FY27 (Q2FY27), recovering from a net loss of Rs 12,264.67 crore in the preceding quarter (Q1FY27). However, the profit after tax (PAT) declined 6.1% year-on-year (YoY) from Rs 3,859 crore in the corresponding quarter of the previous fiscal year (Q2FY26).Revenue from operations rose 26.1% YoY to Rs 1,39,140 crore in Q2FY27, compared with Rs 1,10,323 crore in Q2FY26.For the first half of FY27 (H1FY27), revenue from operations increased to Rs 2,84,267 crore from Rs 2,30,458 crore in the corresponding period last year.Gross refining margins surgeHPCL's gross refining margin (GRM) before export cess rose to $32.15 per barrel in Q2FY27, compared with $8.80 per barrel in Q2FY26.For H1FY27, GRM before export cess stood at $27.89 per barrel, up from $5.95 per barrel in the corresponding period of the previous fiscal year.Refining throughput remains strongHPCL's refineries processed 6.20 million metric tonnes (MMT) of crude oil during Q2FY27, operating at 100% of their combined capacity.The Visakh Refinery processed 3.60 MMT of crude oil at 95% capacity utilisation, while the Mumbai Refinery processed 2.60 MMT, operating at 109% of capacity.During H1FY27, the company's refineries recorded a cumulative crude throughput of 12.72 MMT, operating at 104% of capacity.