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- Chennai Petroleum Corporation Q1 Results, Revenue at ₹20,361.17 Crores and Profit After Tax at ₹357.03 Crores
Chennai Petroleum Corporation Q1 Results, Revenue at ₹20,361.17 Crores and Profit After Tax at ₹357.03 Crores
Chennai Petroleum Corporation Q1 Results show a Total Income of ₹20,361.17 Cr., Operating Profit of ₹513.21 Cr., and Profit After Tax of ₹357.03 Cr., with a QoQ Operating Margin of 2.52%. Chennai Petroleum Corporation Q1 Results reflect a decrease in profitability.
by P Nandhini
Updated Sep 10, 2024
Table of Content
Chennai Petroleum Corporation (CPCL) Q1 Results 2024-2025: Chennai Petroleum Corporation (CPCL) announced its Q1 results for the financial year 2024-2025 on July 25, 2024.
For this quarter, CPCL reported revenue from operations of ₹20,361.17 crores, showing a slight decrease of 2.21% compared to the previous quarter (Q4 FY2023-24), where it was ₹20,822.95 crores. This drop in revenue reflects a quarter-over-quarter (QoQ) reduction, indicating some challenges in their operational performance.
Despite the QoQ revenue decline, CPCL's profit before tax for Q1 was ₹484.07 crore, down 43.5% from ₹859.03 crore in the previous quarter. The company's expenses saw a minor decrease of 0.44% QoQ, totaling ₹19,895.64 crore compared to ₹19,982.92 crore last quarter.
Overall, while CPCL experienced a QoQ decline in revenue and profit, its financial results still underscore its ongoing commitment to managing expenses and optimizing processes in a challenging market environment.
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Chennai Petroleum Corporation Q1 Results 2024 - 2025
Here is a summary of Chennai Petroleum Corporation's Q1 results for the financial year 2024-2025:
The table below outlines the key financial metrics for CPCL in the first quarter, comparing them with the previous quarter's figures.
| Particulars | Q1 FY2024-2025 (₹ in crore) | Q4 FY2023-2024 (₹ in crore) | QoQ Change |
|---|---|---|---|
| Revenue from Operations | 20,361.17 | 20,822.95 | -2.21% |
| Other Income | 4.11 | 3.49 | +17.78% |
| Total Income | 20,365.28 | 20,826.44 | -2.21% |
| Cost of Materials Consumed | 15,466.44 | 16,156.87 | -4.28% |
| Purchase of Stock-in-Trade | 9.44 | 205.80 | -95.4% |
| Changes in Inventories | 483.85 | -167.25 | +388.6% |
| Excise Duty | 3,266.19 | 3,102.77 | +5.26% |
| Employee Benefits Expense | 107.00 | 133.37 | -19.7% |
| Finance Costs | 47.68 | 50.94 | -6.3% |
| Depreciation and Amortisation Expense | 150.27 | 150.75 | -0.32% |
| Other Expenses | 364.77 | 349.67 | +4.31% |
| Total Expenses | 19,895.64 | 19,982.92 | -0.44% |
| Profit Before Tax | 484.07 | 859.03 | -43.5% |
| Tax Expense | 122.27 | 213.46 | -42.8% |
| Profit After Tax | 357.03 | 627.89 | -43.2% |
| Earnings Per Share (EPS) | 23.98 | 42.17 | -43.1% |
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Chennai Petroleum Corporation Current Market Overview
Chennai Petroleum Corporation (CPCL) reported its financial results for the first quarter of 2024-2025 on July 25, 2024. The company saw a slight drop in revenue, which was ₹20,361.17 crore compared to ₹20,822.95 crore in the previous quarter.
Their profit before tax decreased significantly to ₹484.07 crore from ₹859.03 crore in the last quarter. Despite these declines, CPCL continued to manage its expenses and maintain a solid financial position, showing its resilience in a challenging market.
| Metric | Value |
|---|---|
| Current Price | ₹898 |
| Market Cap | ₹13,380 Cr. |
| High / Low | ₹1,275 / ₹475 |
| Stock P/E | 5.26 |
| Book Value | ₹592 |
| Dividend Yield | 6.12% |
| ROCE | 35.1% |
| ROE | 35.9% |
| Face Value | ₹10.0 |
Quarterly Results
Here are the quarterly results for Chennai Petroleum Corporation (CPCL) for the periods ending December 2023, March 2024, and June 2024:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales | 17,376 | 17,720 | 17,095 |
| Expenses | 16,696 | 16,678 | 16,432 |
| Operating Profit | 680 | 1,042 | 663 |
| OPM % | 4% | 6% | 4% |
| Other Income | 8 | 19 | 19 |
| Interest | 50 | 51 | 48 |
| Depreciation | 151 | 151 | 150 |
| Profit Before Tax | 486 | 859 | 484 |
| Tax % | 25% | 27% | 26% |
| Net Profit | 365 | 628 | 357 |
| EPS in Rs | 24.53 | 42.17 | 23.98 |
About Chennai Petroleum Corporation
Chennai Petroleum Corporation (CPCL) is an Indian oil refining company based in Chennai. Established in 1965, it was originally a joint venture between the Government of India, AMOCO, and the National Iranian Oil Company.
CPCL operates one of India's largest and most complex refineries, producing a wide range of petroleum products, including fuels and lubricants. Over the decades, the company has expanded its capacity significantly from an initial 2.5 million metric tonnes per annum (MMTPA) to 10.5 MMTPA.
Known for its advancements in technology, energy conservation, and environmental management, CPCL continues to play a key role in India's oil and gas sector.
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Chennai Petroleum Corporation Q1 Results - FAQs
1. What are Chennai Petroleum Corporation's Q1 results for 2024-2025?
Chennai Petroleum Corporation reported Total Income of ₹20,365.28 crores, Operating Profit of ₹513.21 crores, and Profit After Tax of ₹357.03 crores.
2. When were Chennai Petroleum Corporation’s Q1 results announced?
Chennai Petroleum Corporation announced its Q1 results on July 25, 2024.
3. How did Chennai Petroleum Corporation’s revenue compare to the previous quarter?
Chennai Petroleum Corporation’s revenue decreased by 2.21% compared to the previous quarter.
4. What was Chennai Petroleum Corporation’s profit before tax for Q1?
The profit before tax was ₹484.07 crores.
5. What was Chennai Petroleum Corporation’s profit after tax for Q1?
The profit after tax was ₹357.03 crores.
6. How did Chennai Petroleum Corporation’s EPS change from the previous quarter?
The EPS decreased by 43.1% from ₹42.17 in the previous quarter.
7. What was Chennai Petroleum Corporation’s cost of materials consumed in Q1?
The cost of materials consumed was ₹15,466.44 crores.
8. What was the change in inventory for Chennai Petroleum Corporation in Q1?
The change in inventory was ₹483.85 crores.