CPCL Q2 FY27 PAT Rises to ₹2271 Crore on Improved Refining Margins
CPCL reported Q2 FY27 PAT of ₹2271 crore, up from ₹732 crore last year, driven by a GRM increase to US$20.41/bbl. Half-year PAT surged to ₹3288 crore (₹675 crore last year). Revenue from operations for Q2 stood at ₹22,109 crore. An interim dividend of ₹25 per share was declared.
The substantial improvement in profitability (PAT) and refining margins, along with the dividend announcement, are material financial events that are likely to have a significant positive impact on investor sentiment and the company's stock performance.
The company reported significant increases in Profit After Tax (PAT) and Gross Refining Margins (GRM) for both the quarter and half-year ended September 30, 2026, compared to the previous year. The declaration of an interim dividend also signals strong financial health.
Chennai Petroleum Corporation Limited (CPCL) announced its financial and operational results for the quarter and half-year ended September 30, 2026. The company reported a crude throughput of 2.590 million metric tonnes (MMT) for Q2 FY27, achieving a capacity utilization of 98%, despite planned maintenance.
For the half-year ended September 30, 2026, crude throughput stood at 5.438 MMT with a capacity utilization of 103%.
Financially, for the quarter ended September 30, 2026, Revenue from Operations increased to ₹22,109 crore from ₹20,069 crore in the corresponding period last year. Profit Before Tax (PBT) was ₹3,032 crore and Profit After Tax (PAT) was ₹2271 crore, a significant jump from ₹994 crore (PBT) and ₹732 crore (PAT) in the prior year's quarter.
For the half-year ended September 30, 2026, Revenue from Operations reached ₹51,486 crore, up from ₹38,762 crore. PBT stood at ₹4397 crore and PAT at ₹3288 crore, compared to ₹914 crore (PBT) and ₹675 crore (PAT) in the previous year's half-year.
The Gross Refining Margin (GRM) for the quarter improved substantially to US$ 20.41 per barrel from US$ 9.04 per barrel in Q2 FY26. For the half-year, GRM was US$ 14.34 per barrel, up from US$ 6.17 per barrel.
On a consolidated basis for the half-year ended September 30, 2026, CPCL recorded a PAT of ₹3278 crore, compared to ₹694 crore in the corresponding period last year.
Additionally, the company declared an interim dividend of ₹25 per equity share of face value ₹10 for the financial year 2026-27.
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Chennai Petroleum Corporation Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Chennai Petroleum Corporation Limited. Read the original for the full detail.