CHENNPETRO · Oil Gas & Consumable Fuels
Chennai Petroleum Corporation Ltd. reported revenue of ₹17,249 cr for January to March 2025, −2.7% on the year and +33.5% on the quarter. Over the last four quarters revenue comes to ₹59,355 cr, −10.6% on the four before.
Operating profit (EBITDA) was ₹785 cr, a margin of 4.6%, −133 bps on the year and +268 bps on the quarter. Over the last 8 quarters the margin has ranged from −5.6% to 10.9%, averaging 4.0%. Operating costs grew −1.3%, faster than revenue at −2.7%, so operating profit grew less than sales.
Net profit was ₹470 cr, −25.2% on the year and +2,138.1% on the quarter, with earnings per share of ₹31.56. Profit before other income, one-offs and tax fell 32.1%, so 7 points of the headline growth came from outside the core business. The tax rate of 22% is in line with its recent average. Profit over the last four quarters totals ₹214 cr, −92.2% on the four before.
Refining and marketing profits swing with crude and product margins, and inventory gains or losses can move a single quarter sharply. The quarterly statements do not carry refining margins, throughput and inventory gains or losses; those come with the filing read.
On earnings per share of ₹14.39 over the last four quarters, the stock at ₹1,409.10 trades at 97.9 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹16,545 cr | ₹17,376 cr | ₹17,720 cr | ₹17,095 cr | ₹12,086 cr | ₹12,925 cr | ₹17,249 cr | ₹14,812 cr | ₹16,327 cr | ₹15,683 cr | ₹16,817 cr | ₹27,369 cr |
| YoY | — | — | — | +16% | −27% | −26% | −3% | −13% | +35% | +21% | −3% | +85% |
| EBITDA margin | 10.9% | 3.9% | 5.9% | 3.9% | −5.6% | 1.9% | 4.6% | 0.7% | 7.0% | 9.4% | 12.1% | 5.7% |
| Other income, % of PBT | 1% | 2% | 2% | 4% | — | 63% | 5% | — | 2% | 3% | 2% | 2% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 25% | 25% | 27% | 26% | — | 15% | 22% | — | 27% | 25% | 26% | 25% |
| Net profit | ₹1,195 cr | ₹365 cr | ₹628 cr | ₹357 cr | −₹634 cr | ₹21.0 cr | ₹470 cr | −₹40.0 cr | ₹719 cr | ₹1,002 cr | ₹1,422 cr | ₹1,031 cr |
| YoY | — | — | — | −36% | −153% | −94% | −25% | −111% | — | +4,671% | +203% | — |
| Core profit YoY | — | — | — | −38% | −156% | −98% | −32% | −119% | — | +14,211% | +228% | — |
| EPS | ₹80.28 | ₹24.53 | ₹42.17 | ₹23.98 | −₹42.55 | ₹1.40 | ₹31.56 | −₹2.69 | ₹48.30 | ₹67.26 | ₹95.48 | ₹69.26 |
| Flags | · | · | · | ✓ | 2 | 3 | ✓ | 2 | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Chennai Petroleum Corporation Ltd. reported revenue of ₹17,249 cr (−2.7% on the year) and net profit of ₹470 cr (−25.2% on the year) for January to March 2025.
Profit before other income, exceptional items and tax moved −32.1% on the year, against −25.2% for reported profit.
None of the 7 checks that could run raised a question.
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