Chennai Petroleum Corporation Ltd (CPCL) on Monday reported a net profit of ₹719 crore for the September quarter, reversing losses from the previous quarter, as strong refinery margins and improved operating performance aided the rebound.
Consolidated net profit of ₹719.19 crore in July-September – the second quarter of current 2025-26 financial year – compared with a loss of ₹633.69 crore in the year-ago period and a loss of ₹40.10 crore in the preceding quarter, according to a stock exchange filing by the company.
CPCL, a subsidiary of state-owned Indian Oil Corporation (IOC), processed more crude oil into fuel in the quarter, leading to turnover climb to ₹20,040 crore from ₹14,429 crore in July-September 2024.
The company earned $9.51 on turning every barrel of crude oil into fuel in Q2, up from $3.22 per barrel gross refining margin in the preceding quarter.
It processed 3.013 million tonne of crude oil in July-September as against 2.098 million tonne a year back and 2.981 million tonne in April-June this year.>
