Refineries PSU Net Profit Drops 94%, Shares Rally 157% In 2-Yrs

Public sector undertaking (PSU) from the refineries industry Chennai Petroleum Corporation today declared a dip of 94.31% in its consolidated net profit for December 2024 quarter at Rs 20.78 crore year-on-year (YoY) as against Rs 365.28 crore announced in the corresponding quarter of last year.

Last trading price of Chennai Petroleum Corporation shares on Bombay Stock Exchange (BSE) is Rs 590.80 per share with a surge of 2.14% as on January 17, 2025. Chennai Petro Shares slipped 30.96% in last 1-year and surged 157.09% in last 2-years. Check details below:

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 Petro Shareholding

According to Trendlyne, FII/FPI reduced holdings from 16.17% to 11.08% in December 2024 quarter. Mutual Funds have increased holdings from 0.15% to 1.38% in December 2024 quarter. Number of MF schemes increased from 16 to 17 in December 2024 quarter.

Chennai Petroleum Corporation Declared Whopping Dividend In 2024: As per the regulatory filing of Chennai Petroleum Corporation issued as on July 7, 2024, “Board of Directors of Chennai Petroleum Corporation Limited at their Board Meeting had 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. The company fixed Friday, the 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 563.05 per share (as on 19/12/2024), respectively. The company’s market cap is Rs 8,797.69 crore and free float market cap is Rs 2,815.26 crore. Chennai Petroleum Corporation shares fell over 6% in last 2-weeks, slipped more than 51% in last 6-months, and again declined by 30.96% in last 1-year. In last 3-years, chennai petro shares gained 415.31%.

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 Tamil Nadu State and parts of neighbouring States, according to its official website.