CPCL net profit more than triples to ₹2,271 crore in Q2
Chennai Petroleum Corporation Ltd (CPCL) reported a significant increase in net profit to ₹2,271 crore for the second quarter of FY2026-27. This growth was driven by a sharp rise in gross refining margins and increased operational revenue compared to the previous year.
Why it matters
The strong financial performance highlights a robust recovery and operational efficiency in India's refining sector, signaling positive economic health for the energy industry.
CPCL net profit more than triples to ₹2,271 crore in Q2 Chennai Petroleum’s gross refining margin more than doubled to $20.41 a barrel in the September quarter, while profit before tax rose to ₹3,032 crore from ₹994 crore a year earlier Chennai Chennai Petroleum Corporation Ltd (CPCL) reported a net profit of ₹2,271 crore for the second quarter of FY2026-27, more than three times the ₹732 crore recorded in the corresponding quarter last year, as its gross refining margin improved sharply. Revenue from operations rose to ₹22,109 crore in the quarter ended September 30, from ₹20,069 crore a year earlier.
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