Operational Performance
Chennai Petroleum Corporation Limited (CPCL) delivered outstanding operational results during Q1 FY2026-27 (quarter ended 30.06.2026). The company achieved a crude throughput of 2.85 million metric tonnes (MMT), compared to 2.98 MMT in the corresponding quarter of the previous financial year. This translates to a capacity utilisation of 108%, underscoring efficient plant operations and high reliability. The company recorded its highest ever distillate yield during the quarter.
Financial Performance Summary
| Metric | Q1 FY27 (Apr-Jun 2026) | Q1 FY26 (Apr-Jun 2025) | Change |
| Revenue from Operations | ₹29,359 crore | ₹18,683 crore | +57.1% YoY |
| Profit Before Tax (PBT) | ₹1,366 crore | (₹80) crore (Loss) | Turnaround |
| Profit After Tax (PAT) | ₹1,017 crore | (₹57) crore (Loss) | Turnaround |
| Gross Refining Margin (GRM) | $8.78/barrel | $3.22/barrel | +$5.56/barrel |
Gross Refining Margin Details
The average GRM for the period April-June 2026 was US$8.78 per barrel as against US$3.22 per barrel in the same period last year. Pursuant to the retrospective revision in the prices with effect from 16th March 2026 of certain petroleum products, an additional revenue of ₹385.21 crore relating to supplies made during March 2026 has been recognised during the current quarter. This amount has been excluded from the Gross Refining Margin (GRM) calculation.
Consolidated Performance
On a consolidated basis, for the Quarter ended June 30, 2026, CPCL recorded a Profit Before Tax of ₹1,380 crore and Profit After Tax of ₹1,031 crore.
Performance Drivers
The company's financial results for the quarter reflected the robust physical performance and improved refining margins. The significant turnaround from loss to profit was driven by improved refining margins and operational excellence demonstrated through 108% capacity utilization and record distillate yield.