New Delhi: Chennai Petroleum Corporation Ltd. (CPCL) on Monday reported a net profit of Rs 719 crore for the September quarter, marking a significant turnaround from losses in the previous quarter. The rebound was driven by stronger refinery margins, higher crude throughput, and improved operational performance, reflecting the company’s resilience in a challenging market environment.
Strong Recovery from Previous Losses
For the second quarter of the 2025-26 financial year (July-September), CPCL posted a consolidated net profit of Rs 719.19 crore. This was a remarkable recovery compared with a loss of Rs 633.69 crore in the same period last year and a loss of Rs 40.10 crore in the preceding quarter, according to a stock exchange filing. Analysts attributed the turnaround to higher crude processing and better efficiency in refining operations, which helped offset market volatility.
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Improved Refining Performance Boosts Revenue
CPCL’s turnover rose sharply to Rs 20,040 crore in Q2, up from Rs 14,429 crore in July-September 2024. The increase was largely fueled by higher crude throughput and improved refining margins. During the quarter, the company earned USD 9.51 per barrel of crude processed, a significant jump from USD 3.22 per barrel in the previous quarter. The improvement underscores CPCL’s focus on operational excellence and its ability to capitalize on favorable market conditions.
Increased Crude Processing Strengthens Operations
In the July-September quarter, CPCL processed 3.013 million tonnes of crude oil, compared with 2.098 million tonnes in the year-ago period and 2.981 million tonnes in April-June 2025. The higher crude processing volume not only drove revenue growth but also enhanced the company’s overall operational performance, contributing to the robust quarterly results.
Focus on Efficiency and Sustainable Growth
CPCL has continued its strategy of optimizing refining operations and enhancing efficiency across its facilities. The company’s efforts to maximize refining margins, coupled with effective cost management, have helped stabilize its financial performance while positioning it for long-term growth in India’s energy sector.
About CPCL
Chennai Petroleum Corporation Ltd. (CPCL), a subsidiary of the state-owned Indian Oil Corporation (IOC), is one of India’s leading refining and petroleum companies. Operating refineries in Chennai and Manali, CPCL produces a diverse range of petroleum products catering to both domestic and industrial markets. The company remains focused on improving operational efficiency, expanding its product portfolio, and leveraging market opportunities to support sustainable growth and strengthen India’s energy infrastructure.
