Chennai Petroleum Corporation Ltd Q2 FY27 profit 212%

CHENNPETRO Chennai Petroleum reported Q2 FY27 standalone net profit of ₹2,247.03 crore, up 212.44% year-on-year, on revenue of ₹20,557.50 crore (up 25.91% YoY) and operating profit of ₹3,201.13 crore (up 179.70% YoY), with gross refining margin (GRM) at $20.41 per barrel (including a $3.82 per-barrel inventory gain), versus $9.04 per barrel a year earlier; the board declared an interim dividend of ₹25 per share (record date October 30, payable by November 21). On the market side, shares fell 7.75% in a volatile session on November 5 amid crude-price swings, weaker refining margins and profit-booking, closing at ₹1,441.80 on November 6; the stock is down about 7% over the past month. In credit news, Crisil reaffirmed CPCL’s AAA/Stable rating on bank facilities and proposed long-term loans, and A1+ on commercial paper, maintaining strong access to funding. In governance, Inderjeet, the Ministry of Petroleum & Natural Gas representative, ceased to be a director on November 6 after completing his tenure, while S. G. Venkatesh took additional charge as Director (Operations) from November 1 following P. Kannan’s superannuation.