CPCL Q4 results: Reports 25% decline in Profit, dividend of Rs 5 per share
The final dividend would be paid within 30 days from the date of declaration at the AGM. The record date for payment of final dividend would be intimated in due course.
Due to declining refining margins brought on by a decline in global oil prices, state-run Chennai Petroleum Corporation Ltd. reported a 25% decline in its March quarter net profit on Friday.
According to a stock exchange filing by the company, consolidated net profit for January-March (the fourth quarter of the 2024–25 fiscal year) was Rs 469.93 crore, while earnings for the same period of the previous fiscal year were Rs 627.89 crore. At Rs 20,580.65 crore, operating revenue was essentially unchanged.
The company’s net profit fell from Rs 2,711.25 crore in 2023–2024 to Rs 173.53 crore for the entire fiscal year (April 2024–March 2025). According to CPCL, its gross refining margin for converting each barrel of crude oil into fuel was USD 4.22 in FY25, compared to USD 8.64 per barrel the year before
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Further, the Board of Directors have recommended preference dividend of 6.65% on the Outstanding Preference Shares amounting to Rs.33.25 Cr. for the year 2024-2025.
The Board of Directors of the Company have recommended an Equity Dividend (Final) of 50 % for Financial Year 2024-2025 i.e, Rs.5 /- per equity share of face value Rs. 10/- each on the paid up share capital, subject to the approval of shareholders at ensuing Annual general meeting of the company.
The final dividend would be paid within 30 days from the date of declaration at the AGM. The record date for payment of final dividend would be intimated in due course.
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