Chennai Petroleum Corporation Ltd. (CPCL) has delivered a powerful financial performance for the quarter and year ended March 31, 2026, driven by high utilisation rates, stronger refining margins, and improved profitability across metrics.

 

The refinery maintained strong momentum in Q4 FY2025–26 with crude throughput of 2.93 MMT, marginally below the 2.97 MMT recorded in the same quarter last year. Despite the slight dip, operations remained highly efficient, achieving 112% capacity utilisation, highlighting sustained plant reliability and optimisation.

 

For the full year, crude throughput rose sharply to 11.71 MMT, compared to 10.45 MMT in the previous year, while maintaining the same 112% capacity utilisation. The company also sustained its best-ever distillate yield of about 80%, reinforcing its focus on operational excellence and energy efficiency.

 

Financial performance showed a significant jump, powered by improved refining margins and stable operational output.

 

For Q4 FY2025–26, Revenue from Operations stood at ₹20,455 crore, slightly lower than ₹20,581 crore in the same period last year. 

 

However, profitability surged sharply: Profit Before Tax (PBT): ₹1,890 crore (vs ₹582 crore YoY). Profit After Tax (PAT): ₹1,400 crore (vs ₹450 crore YoY).

 

For the full year, performance strengthened further: Revenue from Operations: ₹78,611 crore (up from ₹71,050 crore); Profit Before Tax: ₹4,122 crore (vs ₹208 crore); Profit After Tax: ₹3,062 crore (vs ₹174 crore)

 

Refining margins see sharp improvement

Gross Refining Margins (GRM) reflected a strong upward trend: Q4 GRM rose to US$ 13.75 per barrel, nearly double the US$ 6.22 reported a year earlier.

 

Annual GRM improved to US$ 9.28 per barrel, compared to US$ 4.22 in the previous year.

 

On a consolidated basis, CPCL reported a PAT of ₹3,103 crore for the full year and ₹1,422 crore for the quarter, underscoring broad-based financial strength.

 

The board has rewarded performance with a final dividend of ₹54 per share (face value ₹10), in addition to an interim dividend of ₹8 per share declared earlier in the year.

 

With record margins, higher throughput, and a sharp profit surge, CPCL closed FY2025–26 on a notably strong footing.