Chennai Petroleum Corporation Limited has informed the Exchange that Board of Directors at its meeting held on April 24, 2026, recommended Final Dividend of Rs. 540 per equity share.
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Chennai Petroleum Corporation (CPCL) reported strong FY2025-26 results with standalone profit after tax of ₹3,062 crore, a massive jump from just ₹174 crore in FY2024-25. Revenue grew to ₹78,611 crore from ₹71,050 crore. Consolidated profit after tax stood at ₹3,103 crore. The Board recommended a final equity dividend of ₹54 per share (540% on ₹10 face value), in addition to the already paid interim dividend of ₹8 per share, bringing total dividend to ₹62 per share. Gross refining margin more than doubled to US$9.28 per barrel from US$4.22. Crude throughput increased to 11.71 MMT from 10.45 MMT. The auditors issued unmodified opinions on both standalone and consolidated financial statements. Note: The company failed to maintain minimum independent directors required under regulations.
The exceptional jump in profitability and doubling of refining margins signals operational strength. Total dividend of ₹62 per share represents a substantial payout, which combined with the strong earnings recovery could be positive for the stock. The company's deleveraging (debt-equity ratio improved from 0.39 to 0.18) and redemption of ₹810 crore NCDs also indicate improved financial health.