Chennai Petroleum Corporation Limited (CPCL) has reported a robust financial performance for the fiscal year ending March 31, 2026. The company achieved a consolidated net profit of ₹3,102.70 crore, marking a significant increase over the previous year. Driven by improved operational efficiencies and a higher Average Gross Refining Margin of US$ 9.28 per bbl, the Board of Directors has recommended a final equity dividend of 540%, amounting to ₹54 per share.
Annual Financial Highlights
For the financial year 2025-26, Chennai Petroleum Corporation Limited recorded a consolidated revenue from operations of ₹78,610.79 crore. The company’s consolidated net profit for the year reached ₹3,102.70 crore, compared to ₹214.00 crore in the previous fiscal year. This substantial growth underscores the company’s strong operational performance and effective management of refinery throughput, which reached 11.71 MMT for the year.
Dividend Recommendations
Reflecting the strong fiscal performance, the Board of Directors has proposed a final equity dividend of 540%, equivalent to ₹54 per equity share of face value ₹10. This is in addition to the interim equity dividend of ₹8.00 per share already declared during the year. Furthermore, the company has recommended a preference dividend of 6.65% on outstanding preference shares up to their redemption date of September 23, 2025, totaling ₹15.94 crore.
Operational Efficiency and Market Position
The company continues to optimize its operations, with the Average Gross Refining Margin rising to US$ 9.28 per bbl, significantly up from US$ 4.22 per bbl in the previous year. CPCL remains focused on its core business in the petroleum sector. Following the redemption of its outstanding non-convertible debentures in July 2025, the company has further strengthened its balance sheet, as evidenced by a healthy debt-to-equity ratio of 0.18 for the year ended March 31, 2026.
Source: BSE
