| Market Cap | ₹21,419.4 CrOil & Gas Sector |
|---|---|
| P/E Ratio | 5.13xSector PE 18.36x |
| 1Yr Price Change | 85.4%Annual Return |
| RSI | 49.75Neutral Zone |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 22,056 | 29,359 | 20,034 |
| Other Income | 18.9 | 17.7 | 6.2 |
| Total Income | 22,074 | 29,376 | 20,040 |
| Profit Before Tax | 3,007 | 1,380 | 982 |
| Net Profit | 2,247 | 1,031 | 719 |
| Operating Margin | 13.6% | 4.7% | 4.9% |
| Net Profit QoQ | +117.9% | ||
| Net Profit YoY | +212.4% | ||
| Adj. Profit QoQ | +120.9% | ||
| Adj. Profit YoY | +210.5% | ||
Key highlights
- Net profit jumped to ₹2,247 crore, up from ₹719 crore in the same quarter last year
- Operating margins expanded to 13.6%, a significant rise from 4.9% in Q2-26
- Interim dividend of ₹25 per equity share (250%) declared for FY 2026-27
- Average Gross Refining Margin (GRM) for Q2 2026-27 reached US$ 20.41 per barrel
- Company reported a debt-to-equity ratio of 0.16 and a current ratio of 3.28 times
Refining Margins and Operational Performance
Chennai Petroleum reported a robust operational quarter despite a sequential dip in revenue from operations, which moved from ₹29,359 crore in Q1 to ₹22,056 crore. The company's profitability was driven by a sharp increase in Gross Refining Margins (GRM), which averaged US$ 20.41 per barrel for Q2 2026-27, significantly higher than the US$ 9.04 recorded in the same period last year. This figure includes inventory gains on crude and products amounting to US$ 3.82 per barrel.
The average GRM for the first half of the fiscal year (April–September 2026) stood at US$ 14.34 per barrel, more than doubling the US$ 6.17 recorded in the previous year's first half.
Dividend Payout and Shareholder Returns
- The Board declared an interim dividend of ₹25 per equity share of face value ₹10
- Record date for dividend eligibility fixed as Friday, October 30, 2026
- Payment to be completed to eligible shareholders on or before November 21, 2026
- Finance costs for the quarter stood at ₹62.31 crore compared to ₹33.96 crore YoY
- Retrospective price revisions w.e.f. March 16, 2026, contributed additional revenue in H1
Strategic Growth and Industry Context
The results follow significant strategic announcements, including the June 2026 restructuring of the Cauvery Basin Refinery into a petrochemical-focused complex with an estimated ₹45,000 crore outlay. Additionally, the company is moving forward with plans to scale refining capacity by one-third to 280,000 barrels per day. With a TTM P/E of 5.13x compared to the industry average of 20.38x, CPCL remains in the 'Strong Performer' category with high durability scores.
Institutional interest remains firm, with FII holdings increasing by 0.81% sequentially to 15.79% in the current reporting cycle.
Dividend Declaration Statement
The Board of Directors at its meeting held on 22.10.2026, has declared Interim Dividend of Rs.25/- per equity share of face value of Rs.10/- each for the financial year 2026-27.
| Date | Announcement | Amount |
|---|---|---|
| 23 Jul 2026 | Q1 FY27 consolidated net profitSource: equitybulls.com | ₹1,031.35 Cr |
| 24 Apr 2026 | Q4 FY26 consolidated net profitSource: equitybulls.com | ₹1,421.85 Cr |
| 24 Jan 2026 | Q3 FY26 consolidated net profitSource: equitybulls.com | ₹1,001.59 Cr |
| 27 Oct 2025 | Q2 FY26 consolidated net profitSource: lemonn.co.in | ₹719.19 Cr |
| 25 Jul 2025 | Q1 FY26 consolidated net lossSource: lemonn.co.in | ₹-40.10 Cr |
| 25 Apr 2025 | Q4 FY25 consolidated net profitSource: lemonn.co.in | ₹469.93 Cr |
What to watch next
- Dividend payment deadline on November 21, 2026
- Record date for interim dividend on October 30, 2026
- Execution milestones for the ₹45,000 crore Cauvery Basin Refinery project
- Progress on refining capacity expansion to 280,000 barrels per day
“The interim dividend will be paid to the eligible shareholders on or before 21st November 2026.”
| Share price | ₹1438.4 |
|---|---|
| Market capitalisation | ₹21,419.42 Cr |
| Revenue (annual) | ₹63,640.06 Cr |
| Net profit (annual) | ₹3,102.70 Cr |
| Revenue (latest quarter) | ₹27,369.27 Cr+62.74% vs previous quarter |
| Net profit (latest quarter) | ₹1,031.35 Cr-27.46% vs previous quarter |
| P/E (TTM) | 5.13×Sector 18.36× |
| Promoter holding | 67.29%0.00% QoQ |
| FII holding | 15.79%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Integrated filing for the quarter and half year ended September 30, 2026, by Chennai Petroleum Corporation Limited. Market figures from a third-party data provider.
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