Chennai Petroleum Corporation Limited Earnings Summary — Q4 FY2026
Chennai Petroleum Corporation Reports Strong Q4 Performance with Net Profit Surging to ₹1,422 Crore
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 3 consecutive quarters.
- Revenue of ₹27,369 Cr is 84.8% higher year-on-year.
- Revenue has compounded at 21.3% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹1,031 Cr is 2671.9% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 32.8% annualised across the period.
- Operating margin stands at 5.7% in Q1 FY2027.
- Operating margin expanded by 501 bps year-on-year.
- Over the last two years operating margin has expanded by 180 bps.
- PBT margin is 5.0%.
- Expense growth of 75.4% remained below revenue growth of 84.8%.
- Operating profit of ₹1,555 Cr is 1476.4% higher year-on-year.
- Operating leverage continues to improve.
- 3 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 66/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Accelerating | 27,369 | 16,817 | 15,683 | 16,327 | 14,812 | 17,249 | 12,925 | 12,086 | 17,095 | 17,720 |
| Expenses | Accelerating | 25,814 | 14,781 | 14,205 | 15,183 | 14,714 | 16,464 | 12,683 | 12,761 | 16,432 | 16,678 |
| Operating Profit | Volatile | 1,555 | 2,036 | 1,478 | 1,144 | 99 | 785 | 242 | -675 | 663 | 1,042 |
| Operating Margin | Volatile | 5.7% | 12.1% | 9.4% | 7.0% | 0.7% | 4.5% | 1.9% | -5.6% | 3.9% | 5.9% |
| Other Income | Volatile | 32 | 43 | 43 | 23 | 26 | 32 | 15 | 19 | 19 | 19 |
| Interest | Volatile | 52 | 16 | 33 | 34 | 37 | 66 | 79 | 52 | 48 | 51 |
| Depreciation | Stable | 155 | 150 | 157 | 152 | 151 | 150 | 153 | 153 | 150 | 151 |
| Profit Before Tax | Volatile | 1,380 | 1,913 | 1,331 | 982 | -64 | 602 | 24 | -862 | 484 | 859 |
| Tax | Volatile | 349 | 491 | 330 | 263 | -23 | 132 | 4 | -228 | 127 | 231 |
| Net Profit | Volatile | 1,031 | 1,422 | 1,002 | 719 | -40 | 470 | 21 | -634 | 357 | 628 |
| Net Margin | Volatile | 3.8% | 8.4% | 6.4% | 4.4% | -0.3% | 2.7% | 0.2% | -5.2% | 2.1% | 3.5% |
Key Takeaways
- CPCL achieved a robust quarterly net profit of ₹1,422 crore in Q4 FY26, more than doubling YoY results despite slightly lower revenue.
- Operating margins expanded significantly to 12% in the latest quarter, up from 9% in the preceding quarter and 5% in the same quarter last year.
- The company has undergone substantial deleveraging, with total borrowings falling to ₹1,964 crore from ₹3,117 crore a year ago.
- Quarterly EPS reached ₹95.48, reflecting a strong recovery and operational efficiency in the final quarter of the fiscal year.
- Interest expenses saw a sharp reduction to ₹16 crore in Q4, down from ₹66 crore YoY, highlighting the impact of successful debt reduction.
- The company maintains a high Return on Equity of 32% for the trailing twelve months, driven by volatile but favorable refining margins.
Management Guidance
Management remains focused on the Cauvery Basin Refinery project and increasing the mix of value-added lubricants to stabilize margins against commodity cycles.
Sentiment Shift
Improving
A strong sequential improvement in operating margins and net profit indicates CPCL is effectively navigating the cyclical volatility of the energy sector.
Outlook
The outlook remains positive due to a strengthening balance sheet and record crude throughput, though results stay highly sensitive to global GRM volatility.
From the Annual Report (Key Quotes)
“Financial performance is characterized by high volatility, with operating margins fluctuating between -6% and 9%.”
“Strategic focus has moved towards the Cauvery Basin Refinery project and value-added lubricants to diversify the product mix.”
“The balance sheet has strengthened significantly, with borrowings dropping from over 9,000 Cr in FY21 to under 2,000 Cr in FY26.”
Official Quarterly Documents
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This summary is AI-generated from Chennai Petroleum Corporation Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.