Chennai Petroleum Corporation Limited (CPCL) has reported a strong operational and financial performance for the quarter ended June 30, 2026, backed by efficient plant operations, record distillate yield and improved refining margins.
During the first quarter of FY2026–27, CPCL processed 2.85 million metric tonnes (MMT) of crude, compared with 2.98 MMT in the corresponding quarter of the previous financial year. The company achieved an impressive 108% capacity utilisation, reflecting high plant reliability and operational excellence.
The quarter also witnessed CPCL achieving its highest-ever distillate yield, highlighting the company’s focus on maximising refinery efficiency and value generation.
CPCL’s financial performance showed a significant turnaround, driven by stronger physical performance and improved refining margins.
For the quarter ended June 30, 2026, the company’s Revenue from Operations surged to Rs. 29,359 crore, compared with Rs. 18,683 crore in the same period last year.
The company posted a Profit Before Tax (PBT) of Rs. 1,366 crore and a Profit After Tax (PAT) of Rs. 1,017 crore, reversing the losses reported in the corresponding quarter of the previous year, when CPCL recorded a Loss Before Tax of Rs. 80 crore and a Loss After Tax of Rs. 57 crore.
Following the retrospective revision in prices of certain petroleum products effective from March 16, 2026, CPCL recognised an additional revenue of Rs. 385.21 crore during the quarter for supplies made in March 2026. However, this amount has been excluded from the reported Gross Refining Margin (GRM).
The company recorded an average GRM of US$ 8.78 per barrel for April–June 2026, significantly higher than the US$ 3.22 per barrel reported during the same period last year, reflecting improved refining economics.
On a consolidated basis, CPCL reported a Profit Before Tax of Rs. 1,380 crore and a Profit After Tax of Rs. 1,031 crore for the quarter ended June 30, 2026.
The strong quarterly performance reinforces CPCL’s operational resilience, improved profitability and continued focus on delivering sustainable growth.
