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Earnings Call

Chennai Petroleum Corporation Earnings Call: Key Takeaways

Chennai Petroleum (CPCL) reported record FY26 crude throughput of 11.71 MMT (112% capacity) and GRM of $9.2/bbl. Q4 GRM was $13.75/bbl. Strategy focuses on value-added products and debt reduction.

Why this was an Alfa AlertThroughput achieved 11.71 MMT (112% capacity) vs previous record best of 11.64 MMT, surpassing the company's prior peak performance benchmarks.
Highlights
MarginsGRM at premium to Singapore benchmark; core Q4 GRM was $10.3/bbl.
Demand visibilityStrong; 90-92% of product sold to IOCL under long-term agreements.
Management confidenceHigh; citing operational excellence and ability to exceed 100% nameplate capacity.

Growth

FY26 PAT likely record; throughput 11.71 MMT vs 11.64 MMT record. Q4 throughput 2.93 MMT (111% capacity).

Outlook

Planned capex of ₹2,000cr over 2-3 years for LOBS and 300 retail outlets. Targeting higher distillate yields.

Risks

Logistical constraints and crude oil price volatility. Geopolitical disturbances impact 30-40% of Middle East supply temporarily.

Source

Earnings Call filed with NSE, NSE: CHENNPETRO. Summary written with AI assistance from the document.

Read the document ↗

Chennai Petroleum Corporation Ltd: key numbers

Share price
₹1,376.40
Market cap
₹20,496 Cr
Revenue (annual)
₹63,640 Cr
Net profit (annual)
₹3,103 Cr
P/E (TTM)
4.9×Sector 18.7×
Promoter holding
67.29%+0.00% QoQ
FII holding
14.98%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Credit Rating

Chennai Petroleum Corporation Credit Rating

ICRA Ratings has reaffirmed the [ICRA]A1+ credit rating for Chennai Petroleum Corporation's Rs. 7,500 Crore commercial paper programme.

Value
₹7,500 Cr