CHENNPETRO

💰 Dividend Announcements

Operational Strength Achieved record refinery utilization (above 100%) Processed multiple new crude grades Focus on: Cost control Efficiency improvement 👉 Indicates strong execution + margin expansion phase 💰 Dividend Announcements Interim dividend: ₹8/share Final dividend recommended: ₹50+ per share (very high payout) 👉 CPCL is becoming a high dividend PSU play 📅 Corporate Actions Board meetings held for: FY26 results Dividend approvals Management actively engaging via earnings calls & updates 📊 Market Performance Stock gained ~80%+ in 1 year Also saw: Short-term corrections due to profit booking Still trading near 52-week highs (~₹1,100+) ⚠️ Key Concerns Refining business is cyclical Profits depend heavily on: Crude oil prices Refining margins (GRMs) After sharp rally, valuation and volatility risk high Any fall in GRMs can impact earnings sharply