CPCL Reports Loss in Q1 FY2025-26 Despite Stellar Operational Performance

Chennai Petroleum Corporation Limited (CPCL) has announced its financial results for the quarter ended 30 June 2025. The company delivered robust operational performance but reported a decline in financial results due to challenging market conditions.

Operational Performance

CPCL recorded a crude throughput of 2.981 million metric tonnes (MMT) during the quarter, compared to 2.830 MMT in the same quarter last year, achieving a capacity utilisation of 114. The company achieved its best-ever distillate yield of about 80 and continued to show efficiency on the energy front.

Financial Highlights

• Revenue from Operations: 18,683 crore in Q1 FY2025-26 compared to 20,361 crore in Q1 FY2024-25.

• Loss Before Tax: 80 crore compared to a Profit Before Tax of 470 crore in Q1 last year.

• Loss After Tax: 57 crore compared to a Profit After Tax of 343 crore in Q1 FY2024-25.

• Gross Refining Margin (GRM): 3.22 US dollars per barrel compared to 6.33 US dollars per barrel in the same period last year.

The decline in GRM was mainly due to inventory losses of 1.9 US dollars per barrel compared to an inventory gain of 1.1 US dollars per barrel last year.

On a consolidated basis, CPCL reported a Loss After Tax of 40 crore compared to a consolidated Profit After Tax of 357 crore in Q1 FY2024-25.