Massive Turnaround at CPCL: Chennai Petroleum Posts ₹1,001 Crore Profit in Q3

Chennai Petroleum Corporation Ltd (CPCL) has reported a consolidated net profit of ₹1,001.59 crore for the October–December 2025 quarter, marking a dramatic turnaround in its financial performance. The city-based refinery had posted a modest net profit of ₹20.78 crore during the corresponding quarter of the previous financial year, highlighting the scale of the improvement.

The robust quarterly performance was attributed to sustained operational excellence and improved refining margins. According to the company’s statement, strong physical performance across its refining operations played a key role in boosting profitability during the third quarter of the financial year.

For the nine-month period ending December 31, 2025, CPCL reported a net profit of ₹1,680.85 crore, compared with a net loss of ₹255.83 crore in the same period last year. The sharp recovery underscores the company’s improved operational efficiency and favourable market conditions during the current financial year.

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Operationally, CPCL achieved a crude throughput of 2.79 million metric tonnes during the October–December quarter, up from 2.55 million metric tonnes a year earlier. This translated into a capacity utilisation of 105 percent, reflecting high plant reliability and efficient utilisation of infrastructure.

The company also recorded strong growth in revenue during the quarter. Consolidated total income rose to ₹19,467.40 crore in Q3 FY26, compared with ₹15,687.64 crore in the corresponding quarter of the previous year, driven by higher volumes and better margins.

For the April–December 2025 period, CPCL’s total income increased to ₹58,200 crore, up from ₹50,482.20 crore in the year-ago period. A group company of IndianOil Corporation Ltd, CPCL said it remains focused on maintaining operational discipline and sustaining performance momentum in the coming quarters.

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