Chennai Petroleum Corporation Limited (CPCL) on Thursday reported a standalone net profit of Rs 2,271.29 crore for the quarter ended September 30, 2026, up sharply from Rs 731.55 crore in the same quarter last year, The Hindu BusinessLine reported from the company's results. On a consolidated basis, net profit was Rs 2,247.03 crore, against Rs 719.19 crore a year earlier. Revenue from operations for the quarter stood at Rs 22,055.45 crore, compared with Rs 20,033.62 crore a year earlier.

The jump was driven by refining economics: CPCL's average gross refining margin (GRM) for the quarter was $20.41 per barrel, compared with $9.04 per barrel a year earlier. Managing Director H Shankar told BusinessLine the company gained from international pricing prevailing at the time and maximised value before taking a planned maintenance shutdown. The performance came despite a 40-day planned shutdown of a major hydrocracker block from September to mid-October; crude throughput was 2.590 million metric tonnes at 98% capacity utilisation.

For the first half of FY27, standalone net profit rose to Rs 3,287.96 crore, from Rs 674.93 crore a year earlier, on revenue of Rs 51,414.20 crore, and the half-year GRM stood at $14.34 per barrel. The board, at its October 22 meeting, declared an interim dividend of Rs 25 per equity share of face value Rs 10 for FY2026-27, with the record date fixed as Friday, October 30, 2026, and payment to eligible shareholders on or before November 21, 2026.

CPCL is the Chennai-based refining arm in the Indian Oil group. Awaaz Punjab notes that refining margins are cyclical and move with global product prices; the figures above are the company's declared Q2 results as reported by BusinessLine and corroborated by other market coverage.

Source: The Hindu BusinessLine — CPCL Q2 profit more than triples to Rs 2,271 crore, Oct 22, 2026