EL7.AI
StocksMedium•23 October 2026•
3 min read

Chennai Petroleum Profit Jumps 210.4% to 2,271 Crore Rupees in Second Quarter

Key Facts

1Profit after tax rose 210.4% year over year in the second quarter of fiscal year 2026-27.
2Profit after tax was 2,271 crore rupees, compared with 732 crore rupees in the corresponding quarter a year earlier.
3Gross refining margin reached $20.41 per barrel, compared with $9.04 a year earlier.
4The company declared an interim dividend of 25 rupees per share for fiscal year 2026-27.

Chennai Petroleum posted profit after tax of 2,271 crore rupees in the quarter ended September 30, 2026, an annual increase of 210.4%, according to a company disclosure published through Bazar Watch. Profit compared with 732 crore rupees in the corresponding quarter a year earlier. Profit before tax was 3,032 crore rupees, against 994 crore rupees in the corresponding period. The company said the quarterly results reflected strong operations and improved refining margins. It also declared an interim dividend of 25 rupees per ordinary share with a face value of 10 rupees for fiscal year 2026-27.

Revenue from operations rose to 22,109 crore rupees, compared with 20,069 crore rupees in the corresponding period a year earlier. Revenue growth coincided with gross refining margin rising to $20.41 per barrel from $9.04 in the corresponding quarter. The company attributed its results to strong operations and improved margins, while the comparison showed the margin had more than doubled from a year earlier. Second-quarter profit was 2,271 crore rupees, after 1,017 crore rupees in the first quarter of fiscal year 2026-27. This places the September results in the context of improved profitability across two consecutive quarters, alongside the annual increase.

The company processed 2.590 million metric tonnes of crude oil in the second quarter, while carrying out planned routine maintenance on one crude unit. Capacity utilisation was 98% in the quarter, according to the disclosure. For the six months ended September 30, 2026, crude processing reached 5.438 million metric tonnes, with capacity utilisation at 103%. The company said the quarterly processing level was achieved while taking planned maintenance work into account. These figures offer a picture of refinery activity during a period when refining margins and profits rose.

For the first half of fiscal year 2026-27, revenue from operations was 51,486 crore rupees, against 38,762 crore rupees in the corresponding period of the previous year. Profit after tax rose to 3,288 crore rupees, compared with 675 crore rupees. Gross refining margin for the first half was also $14.34 per barrel, against $6.17 in the corresponding period. The results show the improvement widened over the six months, with revenue and profit growth and a higher margin compared with the previous period. They complete the picture of the second quarter, when annual profit rose alongside an increase in refining margin.

The company set October 30, 2026, as the record date for shareholders eligible for the interim dividend. It said payment to eligible shareholders would be made no later than November 21, 2026. The declared dividend is 25 rupees per ordinary share with a face value of 10 rupees. The move comes with the announcement of results for the second quarter and first half of fiscal year 2026-27. The disclosure sets out the record date and then the deadline for paying the dividend to eligible shareholders.