CPCL Swings to ₹719 Crore Profit in Q2 FY26 on Strong Refining Margins

New Delhi, October 27, 2025: Chennai Petroleum Corporation Ltd (CPCL) registered a strong recovery in the September quarter with a consolidated net profit of ₹719 crore for Q2 FY26, covering losses from the previous quarter and prior year. This operational recovery was attributed to strong refining margins and higher crude throughput.

Sharp Rebound from Losses

In the July-September quarter, CPCL’s net profit rose to ₹719.19 crore (Q2 FY26) compared to a net loss of ₹633.49 crore (Q2 FY25) and a net loss of ₹40.10 crore (Q1 FY26). The state-owned refiner’s recovery signifies a sharp improvement in profitability in a favourable refining and operational environment.

Turnover and Refining Margins Surge

The company’s turnover for the quarter rose to ₹20,040 crore, up from ₹14,429 crore in the same quarter previously, driven mainly by higher volumes and better product realisations. CPCL’s overall gross refining margin (GRM) for the quarter was USD 9.51 per Barrel compared to USD 3.22 per barrel in Q1 FY26.

Higher Crude Throughput

Crude processing volumes also increased notably, with CPCL refining 3.013 million tonnes of crude oil in Q2 FY26, compared to 2.098 million tonnes in the corresponding quarter last year and 2.981 million tonnes in Q1 FY26. A subsidiary of Indian Oil Corporation (IOC), CPCL continues to strengthen its operational metrics, positioning itself for steady performance in the second half of FY26.

CPCL Share Price Update

Chennai Petroleum Corporation Ltd shares closed at ₹772.10, which is a 0.032% dip on Monday. Shares of Chennai Petroleum Corporation Ltd (CPCL) opened at ₹785.80 and touched an intraday high of ₹830.00 before slipping to a low of ₹746.00. The company’s market capitalization stood at ₹11,460 crore. CPCL’s dividend yield was 0.65%, with a quarterly dividend payout of ₹1.25 per share. The stock’s 52-week range stood between ₹433.10 and ₹858.85.

REF: https://nsearchives.nseindia.com/corporate/CHENNPETRO_27102025112356_Results.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations