Chennai: Chennai Petroleum Corporation Ltd (CPCL), a group company of IndianOil, reported a sharp increase in profit for the quarter ended Sept 30, 2026, driven by improved refining margins and strong plant operations.The company’s profit after tax (PAT) for Q2 FY27 rose to Rs 2,271 crore from Rs 732 crore a year earlier, more than tripling year on year. Revenue from operations grew about 10% to Rs 22,109 crore from Rs 20,069 crore.The board declared an interim dividend of Rs 25 per equity share of face value Rs 10 for FY27, according to a statement.For the first half of FY27, PAT stood at Rs 3,288 crore, up from Rs 675 crore in the same period last year. Revenue rose about 33% to Rs 51,486 crore from Rs 38,762 crore. On a consolidated basis, half-year PAT was Rs 3,278 crore, against Rs 694 crore a year earlier.The gross refining margin (GRM) for the quarter more than doubled to $20.41 per barrel from $9.04 a year earlier. In the first half, GRM stood at $14.34 per barrel, up from $6.17.CPCL processed 2.590 million metric tonnes (MMT) of crude oil during Q2, operating at 98% of capacity despite planned turnaround maintenance at one of its crude units. For the first half, crude throughput stood at 5.438 MMT, with capacity utilisation at 103%. The company attributed the performance to “operational efficiency and superior plant reliability.”
