Chennai Petroleum Corporation Limited (CPCL) announced its financial results for the quarter ended September 30, 2026, reporting a substantial increase in revenue and profit. The company achieved a Profit After Tax (PAT) of ₹2,271 crore, a significant jump from ₹732 crore in the same quarter last year. This growth was driven by improved refining margins and strong operational performance, with the Gross Refining Margin (GRM) rising to US$ 20.41 per barrel.
CPCL Reports Strong Financial Performance for Q2 FY27
Chennai Petroleum Corporation Limited (CPCL) has declared outstanding financial results for the quarter and half-year ended September 30, 2026. The company demonstrated robust operational efficiency and improved financial performance, reflecting its strong market position in the refining sector.
Key Financial Highlights (Quarter Ended Sep 30, 2026)
- Revenue from Operations: ₹22,109 crore (compared to ₹20,069 crore in the corresponding period last year).
- Profit Before Tax (PBT): ₹3,032 crore (compared to ₹994 crore last year).
- Profit After Tax (PAT): ₹2,271 crore (compared to ₹732 crore last year).
Half-Yearly Performance (Ended Sep 30, 2026)
- Revenue from Operations: ₹51,486 crore (compared to ₹38,762 crore in the previous year).
- Profit Before Tax (PBT): ₹4,397 crore (compared to ₹914 crore last year).
- Profit After Tax (PAT): ₹3,288 crore (compared to ₹675 crore last year).
- Consolidated Profit After Tax: ₹3,278 crore (compared to ₹694 crore last year).
Operational Performance
CPCL achieved a crude throughput of 2.590 million metric tonnes (MMT) during the quarter, maintaining a capacity utilization of 98% despite planned turnaround maintenance. For the half-year, the crude throughput stood at 5.438 MMT, with a capacity utilization of 103%.
Enhanced Refining Margins
The Gross Refining Margin (GRM) saw a significant improvement, rising to US$ 20.41 per barrel for the quarter, a substantial increase from US$ 9.04 per barrel in the corresponding period of the previous year. For the half-year, the GRM was US$ 14.34 per barrel, up from US$ 6.17 per barrel.
Dividend Declaration
Reflecting its strong financial performance, CPCL declared an interim dividend of ₹25 per equity share of face value ₹10 for the financial year 2026–27, demonstrating its commitment to delivering shareholder value.
Source: BSE
