Chennai Petroleum Corporation Limited (CPCL) announced stellar Q2 FY2025-26 results, marked by a significant turnaround in profitability. Crude throughput reached 3.013 MMT, driving capacity utilization to 114%. The company reported a ₹732 crore profit after tax, a stark contrast to the previous year’s loss. Improved refining margins and efficient operations fueled this strong performance.
Exceptional Quarterly Performance
Chennai Petroleum Corporation Limited (CPCL) has reported outstanding operational and financial results for Q2 FY2025-26. The company achieved record crude throughput and significant profit growth, showcasing its operational efficiency and financial resilience.
Operational Highlights
During Q2 FY2025-26, CPCL achieved a crude throughput of 3.013 million metric tonnes (MMT), compared to 2.098 MMT in the corresponding quarter of the previous financial year. This translates to a capacity utilization of 114%, highlighting operational efficiency and superior plant reliability. For the half-year ended September 30, 2025, crude throughput stood at 5.994 MMT, with a capacity utilization of 114%. The company achieved its best-ever distillate yield of about 80%.
Financial Performance
For the quarter ended September 30, 2025, Revenue from Operations stood at ₹20,034 crore, compared to ₹14,424 crore in the corresponding period last year. The Company reported a Profit Before Tax (PBT) of ₹994 crore and a Profit After Tax (PAT) of ₹732 crore, compared to a Loss Before Tax of ₹857 crore and Loss After Tax of ₹629 crore during the same quarter last year.
For the half year ended September 30, 2025, Revenue from Operations stood at ₹38,717 crore, compared to ₹34,786 crore in the previous year. The Company reported a Profit Before Tax of ₹914 crore and a Profit After Tax of ₹675 crore. This represents a significant turnaround from a Loss Before Tax of ₹388 crore and Loss After Tax of ₹287 crore in the corresponding period of the previous financial year.
Gross Refining Margin (GRM)
The Gross Refining Margin (GRM) for the quarter showed a substantial improvement, rising to US$ 9.04 per barrel compared to a negative US$ 1.63 per barrel in the corresponding quarter of the previous year. For the half year ended September 30, 2025, the GRM stood at US$ 6.17 per barrel, compared to a negative US$ 2.93 per barrel recorded during the same period last year.
Consolidated Results
On a consolidated basis, for the half year ended September 30, 2025, CPCL recorded a Profit After Tax of ₹679 crore, as against a consolidated Loss After Tax of ₹277 crore in the corresponding period of the previous year.
Source: BSE
