Miniratna public sector undertaking (PSU) engaged in the refineries industry, Chennai Petroleum Corporation Limited share price will remain in limelight on Monday. The company informed today about its upcoming meeting of Board of Directors on April 25, 2025 to consider financial results and dividend. CPCL share price slipped 1.55% to Rs 622.10 per share on Bombay Stock Exchange (BSE) on April 17, 2025 as Sensex surged 1508.91 points to 78,553.20. The stock delivered shareholders return of 10.80% in last 1-month and slipped 31.65% in last 1-year. The stock’s return on equity is 4.49%. City Of New York Group Trusthas stake of 1.05% and ICICI Prudential Smallcap Fund has 1.37% stake in CPCL. The company recommended highest ever dividend of Rs 55 per share in 2024. Check more details given below:
Chennai Petroleum Corporation Limited To Consider Dividend, Results
According to the regulatory filing of CPCL dated April 18, 2025, “A Board Meeting of the Company is scheduled on Friday, 25th April 2025, inter alia, to consider and approve the Standalone and Consolidated audited Financial Results of the Company for the Quarter and Year ended 31st March 2025. It is also hereby informed that Board may consider declaration of dividend for the financial year 2024-25, if any, at the aforesaid Board Meeting.” The PSU has yet to announce the record date for dividend.
CPCL Dividend History
The Miniratna company recommended a total of 16 dividends since 2004. In last 1-year, Chennai Petroleum Corporation announced an equity dividend amounting to Rs 55.00 per share. It maintains a stunning dividend yield of 8.85% at its last trading price of Rs 622.10 per share.
Chennai Petroleum Corporation Declares Q3 Results
The company declared its consolidated total income for December 2024 at Rs 15,687.64 crore YoY, down 23.31% as against Rs 20,456.42 crore in December 2023. The company’s consolidated total expenses reported at Rs 15,673.52 crore for December 2024 from Rs 19,975.37 crore. The company’s EPS for December 2024 quarter declined sharply to Rs 1.40 from Rs 24.53 in December 2023.
Chennai Petroleum Corporation Recommended Highest Dividend In 2024
Board of CPCL recommended a final equity dividend of Rs. 55/- per share (i.e.@ 550% on the paid-up equity share capital) for the financial year 2023-24. It fixed 19 July, 2024 as the record date.
Chennai Petroleum Corporation Share Performance
The 52-week high price of Chennai Petroleum Corporation share on BSE is Rs 1274.00 per share (as on 16/07/2024) and 52-week low price is Rs 433.20 per share (as on 03/03/2025), respectively. Chennai Petroleum share price gained over 10% in last 1-month, slipped 34% in last 6-months, and offered returns of 139.7% in last 2-years. In last 3-years, the PSU zoomed 255.4% and gained over 793% in last 5-years.
Chennai Petroleum Corporation About: CPCL, formerly known as Madras Refineries Limited (MRL) was formed as a joint venture in 1965 between the Government of India (GOI), Amoco and National Iranian Oil Company (NIOC). CPCL became a subsidiary of IOCL in 2001. CPCL Manali refinery is one of the most complex refineries in India with Fuel, Lube, Wax and Petrochemical feedstocks production facilities. CPCL meets the energy needs of Tamilnadu State and parts of neighbouring States, according to its official website.
Disclaimer: The story highlights upcoming results, dividend, and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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