Chennai Petroleum Corporation Limited (CHENNPETRO) — Financial Results

📢 Key Event
Record Q4 throughput and margin with highest-ever dividend declaration

🔄 What Changed
Net borrowings reduced to INR973 crores; gross refining margin reached $13.75/bbl

🔮 What's Next
INR2,000 crore capex over 2-3 years plus INR500 crore annual capex

💡 Investor Takeaway
Strong operational performance and record dividend signal robust cash flow generation for shareholders

Chennai Petroleum Corporation Limited reported record Q4 FY26 crude throughput of 11.71 MMT at 112% capacity, achieving best refining metrics with a $13.75/bbl gross refining margin versus Singapore's $8.70. The company declared its highest-ever dividend of INR62/share, reduced net borrowings to INR973 crores, and highlighted operational excellence driving record diesel (5.139 MMT) and LPG (447 TMT) production. Management emphasized stable term contracts covering 55-60% of crude, flexible export strategy for margin optimization, and ongoing INR2,000 crore capex plans to enhance margins through higher-value product mix.

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