CPCL reports decline in net profit for March quarter and FY25

Revenue from operations for FY25 amounted to ₹71,050 crore, lower than the ₹79,272 crore recorded in FY24. 
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VELANKANNI RAJ B

Chennai Petroleum Corporation Ltd (CPCL) reported a sharp decline in net profit for the March quarter and the full fiscal year FY25 due to a fall in gross refining margins (GRM) and overall physical performance.

Despite the decline in profitability, the Board of Directors has recommended a dividend of ₹5 per equity share (i.e., 50 per cent on the face value of ₹10 per equity share) for the fiscal year 2024-25.

On a consolidated basis, the profit after tax for the March 2025 quarter and the year FY25 stood at ₹470 crore (against ₹628 crore) and ₹214 crore (against ₹2,745 crore), respectively.

Revenue from operations for FY25 amounted to ₹71,050 crore, lower than the ₹79,272 crore recorded in FY24. In the fourth quarter of FY25, CPCL registered revenue of ₹20,581 crore compared to ₹20,823 crore during the corresponding quarter of FY24. The company’s average gross refining margin (GRM) for FY25 stood at $4.22 per barrel, sharply lower than $8.64 per barrel in FY24. Although CPCL’s Manali refinery has a nameplate capacity of 10.5 million tonnes (mt), the company achieved a crude throughput of 10.454 mt in FY25, lower than the 11.642 mt achieved in the previous year, which was its highest-ever physical performance.

“The crude throughput achieved in FY25 was despite the major maintenance & inspection shutdown undertaken in various process units such as CDU-II, FCCU, DCU, and OHCU,” a statement from the company noted.

CPCL’s debt-equity ratio rose to 0.39 as of March 31, 2025, compared to 0.32 as of March 31, 2024. The company’s net worth declined, standing at ₹7,938.5 crore in March 2025 as against ₹8,593 crore in March 2024.

Published on April 27, 2025