Chennai Petroleum Corporation Limited (CPCL) has announced its financial results for the quarter and year ended March 31, 2026, highlighting sustained operational strength and a significant improvement in profitability. During the fourth quarter of FY 2025–26, CPCL processed 2.93 million metric tonnes (MMT) of crude oil, compared to 2.97 MMT in the corresponding quarter of the previous year.
The refinery operated at an impressive capacity utilisation of 112%, reflecting high levels of efficiency and operational reliability. For the full financial year, crude throughput increased to 11.71 MMT from 10.45 MMT in FY 2024–25, maintaining the same utilisation level of 112%.
The Company also sustained its best-ever distillate yield of approximately 80% during the year, demonstrating continued focus on process optimisation and energy efficiency. CPCL’s financial performance mirrored its strong operational metrics.
Revenue from operations for the quarter stood at ₹20,455 crore, marginally lower than ₹20,581 crore reported in the same period last year. However, profitability saw a sharp rise, with Profit Before Tax (PBT) reaching ₹1,890 crore and Profit After Tax (PAT) at ₹1,400 crore. This compares to a PBT of ₹582 crore and PAT of ₹450 crore in the corresponding quarter of the previous year.
For the full year ended March 31, 2026, revenue from operations increased to ₹78,611 crore from ₹71,050 crore in FY 2024–25. Annual profitability improved substantially, with PBT at ₹4,122 crore and PAT at ₹3,062 crore, compared to ₹208 crore and ₹174 crore, respectively, in the previous year.
Gross Refining Margin (GRM) for the quarter rose significantly to US$13.75 per barrel, up from US$6.22 per barrel in the same quarter last year. On an annual basis, GRM improved to US$9.28 per barrel, compared to US$4.22 per barrel in FY 2024–25. On a consolidated basis, CPCL reported a PAT of ₹1,422 crore for the quarter and ₹3,103 crore for the full year ended March 31, 2026.
In recognition of the Company’s strong financial performance, the Board of Directors has recommended a final dividend of ₹54 per equity share (face value ₹10 per share), in addition to the interim dividend of ₹8 per share declared earlier during the year. CPCL remains focused on sustaining operational excellence, enhancing margins, and delivering long-term value to its stakeholders.
