Page 2 - Chennai Petroleum Corporation

CPCL Q4 results: Profit falls 25% to Rs 470 cr on lower refining margins

Chennai Petroleum Corporation Ltd on Friday reported a 25 per cent drop in its March quarter net profit as refining margins fell on softening global oil rates. Consolidated net profit was at Rs 469.93 crore in January-March (fourth quarter of 2024-25 fiscal year) compared with Rs 627.89 crore earnings in the same period of last financial year, according to a stock exchange filing by the company. Revenue from operations was almost flat at Rs 20,580.65 crore. For the full fiscal (April 2024 to March 2025), CPCL's net profit plunged to Rs 173.53 crore from Rs 2,711.25 crore in 2023-24. CPCL said it earned USD 4.22 on turning every barrel of crude oil into fuel in FY25, down from USD 8.64 per barrel gross refining margin in the previous year. The firm, which is a subsidiary of state-owned Indian Oil Corporation (IOC), processed 2.974 million tonnes of crude oil in Q4, slightly lower than 3.087 million tonnes processed in January-March 2024. In full 2024-25 fiscal, crude oil processing

These 5 stocks from Dolly Khanna portfolio can bounce back upto 18%: charts

Technical charts show that key momentum oscillators on - Indian Metals, Chennai Petroleum, Zuari Industries, 20 Microns and Prakash Pipes - from Dolly Khanna portfolio were hinting at a relief rally.

Chennai Petro, HEG, Nuvama among top MF buys in Dec quarter; tech view here

Technical charts suggest that HEG stock is likely to witness another 25 per cent fall from present levels; while Nuvama Wealth could witness a relief rally towards Rs 6,125.

Ceat, MRF, IOCL: Oil-linked stocks slip as crude oil rises above $81/bbl

Brent crude futures climbed $1.48, or 1.86 per cent, to $81.24 a barrel by 0113 GMT after hitting an intraday high of $81.49, the highest since August 27

Chennai Petroleum, Titagarh among top picks by Jigar S Patel of Anand Rathi

Recently, Chennai Petroleum has formed a double-bottom pattern following a steep decline of 650 points, representing a 54 per cent price cut

Chennai Petroleum sees two-year delay in building 180,000 bpd refinery

The company recently changed the capital structure of the joint venture building the project, with its parent company Indian Oil Corp controlling a 75% stake and Chennai Petroleum the remainder

Chennai Petroleum stock up 17% on strong Q4 results, dividend announcement

Chennai Petroleum stock price: Chennai Petroleum Corporation stock soared 16.5 per cent to Rs 1,081.65 apiece, also its fresh record high, on the BSE in Wednesday's intraday trade

Chennai Petroleum Corporation Q1 net profit shrinks 76% to Rs 548 crore

In the latest quarter, revenue from operations reduced by 35 percent to Rs 17,985 crore year-on-year from Rs 27,449 crore in the year-ago quarter

Sensex, Nifty end flat after listless trade; auto stocks rally, banks fall

CLOSING BELL: Reliance Industries, Wipro, IndusInd Bank, Axis Bank, Tech M, Tata Steel, Maruti Suzuki, and M&M were the top Sensex gainers, rising between 0.5 per cent and 1.2 per cent

Chennai Petroleum, IOC signs JV agreement for Rs 31,580 crore TN refinery

The Rs 31,580 Crore refinery complex will cater to the petroleum products demand of the Southern region of India and provide impetus for economic development of the region

19 loss-making CPSEs returned to profit in FY21, shows govt data

The total gross revenue of 255 operating CPSEs during FY21 was Rs 24.26 trillion as against Rs 24.58 trillion in the previous year, showing a decrease of 1.30%

Chennai Petroleum Corp forms joint venture for Rs 31,580-cr refinery

Joint venture formed to implement 9 MMTPA refinery project at Cauvery Basin Refinery

Chennai refinery's crude runs cut by 25% as residents complain of odour

Chennai Petroleum Corp said it had cut crude processing by a quarter at its 201,000 barrels per day Manali refinery, following an order by the Tamil Nadu state pollution control board

Suspected gas leak from CPCL in Chennai, TNPCB monitors air quality

A senior officer with the TNPCB while speaking to IANS said, "We have received complaints from residents of Jyothi Nagar in Tiruvattiyor and in Manali areas. We are monitoring the air quality

Focus on windfall tax review leads to oil stocks ending in the green

Export taxes on petrol are likely to see the steepest reduction, while levies on diesel and jet fuel could also be lowered to adjust the impact of price declines

MRPL, Chennai Petro soar up to 8% as crude oil prices rebound

MRPL, Chennai Petroleum and Hindustan Oil Exploration soared around 8 per cent each. Oil explorers - Oil India and ONGC also logged smart gains in an otherwise weak market.

Crude Oil slumps 6%; ONGC, Oil India, Adani Total tumble up to 17%

Oil prices tumbled about 5 per cent to a three-week low on Friday, as investors feared that interest rate hikes from major central banks could slow the global economy and cut demand for energy.

MRPL, Chennai Petroleum soar up to 19% on strong business outlook

The rise in the Singapore gross refining margin (GRM) to a record high of $25.2 a barrel bodes well for Indian refiners as they process raw crude into refined products.

CPCL hits over four-year high; zooms 164% in 7 weeks on strong earnings

In Q4FY22, CPCL reported four-fold jump in its consolidated net profit at Rs 1,002 crore as against Rs 242 crore in Q4FY21.

CPCL surges 16% in two days on strong Q4 results; Dolly Khanna buys stake

On Thursday, April 28, 2022, investor Dolly Khanna bought 1 million equity shares representing 0.67 per cent stake in Chennia Petroleum at Rs 263.15 per share on the NSE.