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Chennai Petroleum Corporation Q2 FY27 results: net profit ₹2,247 crore vs ₹719.19 crore, revenue up 10.1%
Chennai Petroleum Corporation Limited reported consolidated Q2 FY27 revenue of ₹22,055 crore, up 10.1% from Q2 FY26, while EBITDA rose 179.7% to ₹3,201 crore and net profit increased 212.4% to ₹2,247 crore. The July–September 2026 quarter’s EBITDA margin was 14.5%, while basic EPS was ₹152.53, against ₹48.3 in the year-ago quarter.
Key points
- Consolidated revenue was ₹22,055 crore in Q2 FY27, up 10.1% from ₹20,034 crore in Q2 FY26, but down 24.9% from ₹29,359 crore in Q1 FY27.
- EBITDA rose to ₹3,201 crore from ₹1,144 crore a year earlier, while the EBITDA margin widened by 8.8 percentage points to 14.5%.
- Net profit increased to ₹2,247 crore from ₹719.19 crore in Q2 FY26, and basic EPS rose to ₹152.53 from ₹48.3.
- In H1 FY27, revenue was ₹51,414.2 crore and net profit was ₹3,278.38 crore, up 32.8% and 382.6%, respectively, from H1 FY26.
- The Board declared an interim dividend of Rs.25/- per equity share of face value of Rs.10/- each for FY 2026-27.
How did Chennai Petroleum Corporation perform in Q2 FY27?
Chennai Petroleum Corporation reported consolidated revenue of ₹22,055 crore for Q2 FY27, an increase of ₹2,022 crore, or 10.1%, from ₹20,034 crore in Q2 FY26. Revenue was ₹7,303 crore lower than ₹29,359 crore in Q1 FY27. EBITDA rose 179.7% to ₹3,201 crore, and the EBITDA margin increased from 5.7% to 14.5%.
Profit before tax was ₹2,997 crore, up ₹2,032 crore from ₹965.06 crore in Q2 FY26, while net profit was ₹2,247 crore, up ₹1,528 crore from ₹719.19 crore. Basic EPS increased by ₹104.23 to ₹152.53. Against Q1 FY27, EBITDA rose ₹1,646 crore, net profit rose ₹1,216 crore, and basic EPS rose ₹83.27.
On a standalone basis, revenue was ₹22,055.45 crore, up 10.1% from the year-ago quarter, and net profit attributable to owners was ₹2,271.29 crore against ₹731.55 crore. The audited standalone and consolidated results were recommended by the Audit Committee and approved by the Board on 22 October 2026.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 22,055 | 29,359 | 20,034 | +10.1% | −24.9% |
| Other income | 18.89 | 17.70 | 6.24 | +202.7% | +6.7% |
| Total expenses | 19,078 | 28,011 | 19,075 | +0.0% | −31.9% |
| EBITDA | 3,201 | 1,555 | 1,144 | +179.7% | +105.9% |
| EBITDA margin | 14.5% | 5.3% | 5.7% | +8.8 pp | +9.2 pp |
| Profit before tax | 2,997 | 1,366 | 965.06 | +210.5% | +119.4% |
| Tax | 760.28 | 348.89 | 262.74 | +189.4% | +117.9% |
| Net profit | 2,247 | 1,031 | 719.19 | +212.4% | +117.9% |
| EPS (₹) | 152.53 | 69.26 | 48.30 | +215.8% | +120.2% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Chennai Petroleum Corporation's costs and profit?
Against Q2 FY26, total expenses were ₹19,078 crore, broadly unchanged with a difference of ₹2.85 crore. Cost of materials increased ₹1,566 crore to ₹16,138 crore, employee cost rose ₹33.51 crore to ₹173.09 crore, finance costs rose ₹28.35 crore to ₹62.31 crore, and depreciation increased ₹9.31 crore to ₹161.02 crore.
Other expenses fell ₹2,303 crore to ₹1,925 crore from ₹4,227 crore in Q2 FY26, while other income rose ₹12.65 crore to ₹18.89 crore. There was no exceptional item in either quarter. Tax expense increased ₹497.54 crore to ₹760.28 crore.
Against Q1 FY27, total expenses fell ₹8,933 crore to ₹19,078 crore. Cost of materials decreased ₹9,570 crore to ₹16,138 crore and other expenses fell ₹550.07 crore to ₹1,925 crore, while employee cost rose ₹32.49 crore, finance costs rose ₹10.17 crore and depreciation rose ₹6.10 crore. Other income increased ₹1.19 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 16,138 | 14,572 | +1,566 | +10.7% |
| Employee cost | 173.09 | 139.58 | +33.51 | +24.0% |
| Finance costs | 62.31 | 33.96 | +28.35 | +83.5% |
| Depreciation | 161.02 | 151.71 | +9.31 | +6.1% |
| Other expenses | 1,925 | 4,227 | −2,303 | −54.5% |
| Total expenses | 19,078 | 19,075 | +2.85 | +0.0% |
| Other income | 18.89 | 6.24 | +12.65 | +202.7% |
| Tax | 760.28 | 262.74 | +497.54 | +189.4% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, Chennai Petroleum Corporation reported consolidated revenue of ₹51,414.2 crore, up ₹12,697.09 crore, or 32.8%, from ₹38,717.11 crore in H1 FY26. Total income rose 32.8% to ₹51,450.79 crore from ₹38,732.6 crore.
Profit before tax increased 392.9% to ₹4,362.25 crore from ₹885.0 crore, while net profit rose 382.6% to ₹3,278.38 crore from ₹679.27 crore. Basic EPS increased 382.6% to ₹220.16 from ₹45.62.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 51,414 | 38,717 | +32.8% |
| Profit before tax | 4,362 | 885 | +392.9% |
| Net profit | 3,278 | 679.27 | +382.6% |
| EPS (₹) | 220.16 | 45.62 | +382.6% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹21,040.65 crore, compared with ₹20,034.62 crore at 31 March 2026, while total equity rose to ₹13,593.05 crore from ₹11,109.21 crore. Borrowings increased to ₹2,193.4 crore from ₹1,951.18 crore, and cash fell to ₹0.28 crore from ₹905.04 crore.
Inventories were ₹8,109.76 crore at 30 September 2026, compared with ₹8,148.58 crore at 31 March 2026. Trade receivables increased to ₹2,007.57 crore from ₹235.04 crore, while trade payables fell to ₹1,122.38 crore from ₹3,889.58 crore.
H1 FY27 operating cash flow was ₹24.86 crore, compared with ₹1,393.24 crore in H1 FY26. Investing cash flow was negative ₹248.5 crore against negative ₹216.76 crore, and financing cash flow was negative ₹681.12 crore against negative ₹1,360.38 crore. Capital expenditure was ₹238.12 crore, compared with ₹263.85 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 21,041 | 20,035 |
| Total equity | 13,593 | 11,109 |
| Borrowings | 2,193 | 1,951 |
| Cash and equivalents | 0.28 | 905.04 |
| Inventories | 8,110 | 8,149 |
| Trade receivables | 2,008 | 235.04 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 24.86 | 1,393 |
| Cash from investing | −248.50 | −216.76 |
| Cash from financing | −681.12 | −1,360 |
| Capital expenditure | 238.12 | 263.85 |
Source: Company's results filing (XBRL).
How has Chennai Petroleum Corporation done over the last 8 quarters?
Revenue peaked at ₹29,359 crore in Q1 FY27 before falling to ₹22,055 crore in Q2 FY27. It had bottomed at ₹15,683 crore in Q3 FY25, and revenue has risen year on year in each of the last two quarters.
Net profit reached its low of a loss of ₹40.1 crore in Q1 FY26 and then rose to ₹2,247 crore in Q2 FY27. The peak in the reported period was ₹1,421.85 crore in Q4 FY26, so profit moved above its earlier high.
The EBITDA margin bottomed at 0.5% in Q1 FY26, reached 10.0% in Q4 FY26, fell to 5.3% in Q1 FY27 and rose to 14.5% in Q2 FY27, the highest margin in the reported series.
What else did the company announce?
The Board approved the audited standalone and consolidated financial results for the quarter and half year ended 30 September 2026 on 22 October 2026. It also declared an interim dividend of Rs.25/- per equity share of face value of Rs.10/- each for FY 2026-27, payable to eligible shareholders by 21 November 2026.
The record date for the interim dividend was fixed as 30 October 2026. The company reported no default in the payment of outstanding loans, revolving facilities or debt securities, and said there were no outstanding listed non-convertible debentures as of the reporting dates. The statutory auditors issued an unmodified opinion on the standalone and consolidated financial statements.
How did Chennai Petroleum Corporation shares react?
The stock was up 0.8% after 5 minutes, 3.8% after 15 minutes and 3.5% after 30 minutes from the price when the filing appeared. It closed the reaction day 1.3% above its pre-results close, and by the next day’s close it was up 2.9% from that close.
By the fifth session after the pre-results close, the stock was up 5.6%. The Refineries & Marketing median was down 0.1% on the reaction day, down 2.1% by the next close and up 0.1% by the fifth close. The stock therefore exceeded the industry median by 1.4 percentage points on the reaction day, 5.0 percentage points by the next close and 5.5 percentage points by the fifth close.
Earlier reaction-day moves were mixed: the stock fell 3.3% on 23 July 2026 and 3.2% on 24 April 2026, was unchanged on 24 January 2026 and rose 0.2% on 27 October 2025. It had fallen 9.3% on 25 July 2025 and 10.7% on 22 October 2024.
| After the filing | Stock | Refineries & Marketing median |
|---|---|---|
| 5 minutes | +0.8% | |
| 15 minutes | +3.8% | |
| 30 minutes | +3.5% | |
| Reaction day | +1.3% | −0.1% |
| Next day | +2.9% | −2.1% |
| 5 days | +5.6% | +0.1% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 23 July 2026 | −3.3% |
| 24 April 2026 | −3.2% |
| 24 January 2026 | +0.0% |
| 27 October 2025 | +0.2% |
| 25 July 2025 | −9.3% |
| 18 January 2025 | +0.9% |
| 22 October 2024 | −10.7% |
| 25 July 2024 | +0.6% |
Source: MarketPing price-reaction measurement.
How did other Refineries & Marketing companies do?
Seven other Refineries & Marketing companies had filed results for the quarter as of 4 November 2026. Their median revenue growth was 28.6%, compared with Chennai Petroleum Corporation’s 10.1% revenue growth in Q2 FY27.
Two of the other companies grew revenue more slowly than Chennai Petroleum Corporation, while five grew faster. Among the six peers for which profit was compared, three reported higher profit.
| Chennai Petroleum Corporation revenue growth (YoY) | +10.1% |
|---|---|
| Median of 7 other Refineries & Marketing companies | +28.6% |
| Companies with slower revenue growth than Chennai Petroleum Corporation | 2 of 7 |
| Companies with faster revenue growth than Chennai Petroleum Corporation | 5 of 7 |
| Companies whose net profit rose | 3 of 6 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Chennai Petroleum Corporation's revenue in Q2 FY27?
Revenue from operations was ₹22,055 crore, up 10.1% from ₹20,034 crore in Q2 FY26 (consolidated).
Did Chennai Petroleum Corporation make a profit in Q2 FY27?
Yes. Net profit was ₹2,247 crore, against a net profit of ₹719.19 crore in Q2 FY26.
What was Chennai Petroleum Corporation's EPS in Q2 FY27?
Basic earnings per share were ₹152.53, against ₹48.30 in Q2 FY26.
How did Chennai Petroleum Corporation shares react to the Q2 FY27 results?
On the reaction day the stock moved +1.3% from the previous close; the median Refineries & Marketing stock moved −0.1%.
When did Chennai Petroleum Corporation announce its Q2 FY27 results?
On 22 October 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 22 October 2026) · PDF
- Record Date (NSE, 22 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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