Chennai Petroleum reports Q1 results; Revenue from Operations stands at ₹29,358.75 crore
Chennai Petroleum Corporation Limited (CPCL), a Government of India Enterprise and Group Company of IOCL, has announced its financial results for the first quarter ended June 30, 2026, both on a standalone and consolidated basis.The company continues to operate solely within the Petroleum Sector segment. The audited results were reviewed and approved by the Board of Directors on July 23, 2026.
Standalone Financial Results Overview
For the quarter ended June 30, 2026, CPCL recorded Revenue from Operations at ₹29,358.75 crore. The company reported a profit for the period of ₹1,016.67 crore, with total comprehensive income standing at ₹1,011.64 crore.Key operational details noted in the standalone results include:
- The average Gross Refining Margin (GRM) for April-June 2026 was US$ 8.78 per barrel. This is compared to US$ 3.22 per barrel reported for April-June 2025.
- An additional revenue of ₹385.21 crore, relating to supplies made during March 2026 due to retrospective price revisions, was recognized in the current quarter.
The standalone financial data for the period is presented below:
| Particulars | Quarter Ended 30.06.2026 Audited (₹ in crore) | Quarter Ended 31.03.2026 Audited (₹ in crore) | Quarter Ended 30.06.2025 Audited (₹ in crore) | Year Ended 31.03.2026 Audited (₹ in crore) |
|---|---|---|---|---|
| Revenue from Operations | 29,358.75 | 20,455.29 | 18,683.36 | 78,610.66 |
| Other Income | 17.70 | 20.85 | 9.25 | 94.58 |
| Total Income (I+II) | 29,376.45 | 20,476.14 | 18,692.61 | 78,705.24 |
| Cost of materials consumed | 25,708.27 | 14,803.34 | 14,209.04 | 56,878.54 |
| Changes in inventories (Increase) / decrease | (538.25) | (831.08) | (83.16) | (648.24) |
| Excise duty | 1,989.48 | 3,637.97 | 3,871.26 | 14,970.73 |
| Employee benefits expense | 140.60 | 147.40 | 132.34 | 592.42 |
| Finance costs | 52.14 | 16.42 | 37.04 | 120.07 |
| Depreciation and Amortisation expense | 154.92 | 150.07 | 150.91 | 609.97 |
| Other Expenses | 485.18 | 634.74 | 423.50 | 2,001.47 |
| Total Expenses | 28,010.89 | 18,585.74 | 18,772.71 | 74,583.62 |
| Profit / (Loss) before tax | 1,365.56 | 1,890.40 | (80.10) | 4,121.62 |
| Profit / (Loss) for the period | 1,016.67 | 1,399.70 | (56.62) | 3,061.85 |
Consolidated Financial Results Overview
On a consolidated basis, CPCL reported Total Income of ₹29,376.45 crore for the quarter ended June 30, 2026. The company recorded a total comprehensive income of ₹1,026.32 crore for the period.The consolidated results include figures related to Jointly Controlled Entities and an Associate, reporting CPCL’s share of profit/loss from these entities, which totaled ₹14.68 crore.
The consolidated financial data is provided in the table below:
| Particulars | Quarter Ended 30.06.2026 Audited (₹ in crore) | Quarter Ended 31.03.2026 Audited (₹ in crore) | Quarter Ended 30.06.2025 Unaudited (₹ in crore) | Year Ended 31.03.2026 Audited (₹ in crore) |
|---|---|---|---|---|
| Revenue from Operations | 29,358.75 | 20,455.29 | 18,683.49 | 78,610.79 |
| Other Income | 17.70 | 20.85 | 9.25 | 65.35 |
| Total Income (I+II) | 29,376.45 | 20,476.14 | 18,692.74 | 78,676.14 |
| Cost of materials consumed | 25,708.27 | 14,803.32 | 14,209.13 | 56,878.61 |
| Changes in inventories (Increase)/decrease | (538.25) | (831.08) | (83.16) | (648.24) |
| Excise duty | 1,989.48 | 3,637.97 | 3,871.26 | 14,970.73 |
| Employee benefits expense | 140.60 | 147.40 | 132.34 | 592.42 |
| Finance costs | 52.14 | 16.42 | 37.04 | 120.07 |
| Depreciation and Amortisation expense | 154.92 | 150.07 | 150.91 | 609.97 |
| Other Expenses | 485.18 | 634.74 | 423.50 | 2,001.47 |
| Total Expenses | 28,010.89 | 18,585.72 | 18,772.80 | 74,583.69 |
| Profit / (Loss) before tax | 1,365.56 | 1,890.42 | (80.06) | 4,092.45 |
| Share of Profit / (Loss) of Joint Ventures/Associates | 14.68 | 22.13 | 16.48 | 70.02 |
| Profit / (Loss) before tax | 1,380.24 | 1,912.55 | (63.58) | 4,162.47 |
| Tax Expense | 333.31 | 467.87 | 0.00 | 1,001.41 |
| Profit / (Loss) for the period | 1,031.35 | 1,421.85 | (40.10) | 3,102.70 |
The audit reports for both standalone and consolidated financial results were issued with an unmodified opinion by the company’s statutory auditors.
CHENNPETRO Stock Price Movement
As of 1:29 PM, shares of Chennai Petroleum Corporation Limited are shedding value in live trading, slipping by 4.01% to trade at ₹1255.3. This downward trend occurs amid a volume of 3.06 million shares, highlighting volatility after the stock previously traded near its annual high.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: