Loss recorded Rs 40 crore: CPCL delivers disappointing performance for June-end quarter
CPCL in the current quarter reported a Loss Before Tax of Rs 80 crore and a Loss After Tax of Rs 57 crore, as against a Profit Before Tax of Rs 470 crore and Profit After Tax of Rs 343 crore in Q1 of the previous financial year.
CPCL delivers disappointing performance for June-end quarter
New Delhi: Indian Oil’s subsidiary Chennai Petroleum Corporation Limited (CPCL) has recorded a crude throughput of 2.981 million metric tonnes (MMT) for the quarter ended June 30, 2025, as compared to 2.830 MMT in the corresponding quarter of the previous financial year, with a capacity utilisation of 114%.
This was further supported by the best-ever distillate yield of about 80% and excellent performance on the energy front, demonstrating continued operational efficiency, according to the company’s statement. But the financial results are far more unexpected than usual.
For the quarter ended June 30, 2025, Revenue from Operations stood at Rs 18,683 crore, compared to Rs 20,361 crore during the same period last year.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
In the current quarter, the company reported a Loss Before Tax of Rs 80 crore and a Loss After Tax of Rs 57 crore, as against a Profit Before Tax of Rs 470 crore and Profit After Tax of Rs 343 crore in Q1 of the previous financial year.
The Gross Refining Margin (GRM) for the quarter was US$ 3.22 per barrel, down from US$ 6.33 per barrel in the corresponding period last year. The decline is reported due to inventory losses on crude oil and finished products of US$ 1.9 per barrel as against inventory gain of US$ 1.1 per barrel in Q1 of the previous financial year.
On a consolidated basis, the Loss After Tax stood at Rs 40 crore, compared to a consolidated Profit After Tax of Rs 357 crore in Q1 FY2024–25.
Read Also : Sanjay Khanna, Director (Refineries) and Additional CMD BPCL, conferred Leadership Excellence Award