Chennai Petroleum Corporation Limited (CPCL) has reported a robust financial performance for the fiscal year ending March 31, 2026. The company achieved a significant turnaround, posting a net profit of ₹3,061.85 crore compared to ₹173.53 crore in the previous year. Driven by improved operational efficiencies and refining margins, the Board has recommended a final equity dividend of 540%, or ₹54 per share, in addition to an interim dividend of ₹8 per share.
Financial Highlights
For the fiscal year ended March 31, 2026, Chennai Petroleum Corporation Limited delivered substantial growth. The company’s revenue from operations rose to ₹78,610.66 crore, up from ₹71,049.91 crore in the previous year. Operating profit before exceptional items and tax reached ₹4,121.62 crore, a significant increase from ₹208.10 crore recorded in FY 2024-25. These results underscore the company’s resilience and operational focus in a challenging global market.
Refining Performance and Dividends
The company’s performance was bolstered by a strong Average Gross Refining Margin (GRM) of US$ 9.28 per barrel, compared to US$ 4.22 per barrel in the prior year. Reflecting this strong profitability, the Board of Directors has recommended a final equity dividend of 540%, equating to ₹54 per equity share of face value ₹10 each, subject to shareholder approval at the upcoming Annual General Meeting.
Strategic Developments
In addition to equity dividends, the company declared a preference dividend of 6.65% on outstanding preference shares up to their redemption date of September 23, 2025, amounting to ₹15.94 crore. The company also confirmed the successful redemption of ₹810 crore in non-convertible debentures in July 2025, further strengthening its balance sheet. CPCL continues to operate within the petroleum sector as a single-segment entity, prioritizing production efficiency and capital management.
Source: BSE
