CHENNAI PETROLEUM CORP LT

During the Q4 FY26 earnings conference call, management reported that Chennai Petroleum Corporation Limited (CPCL) achieved its highest ever crude throughput of 11.71 million metric tons (MMT) for the financial year, reflecting 112% of installed capacity. In Q4 alone, throughput was 2.93 MMT, or 111% of capacity. The company also noted record production levels for diesel and petrol, alongside significant improvements in operational metrics such as fuel loss and energy intensity. Financially, the gross refining margin (GRM) for FY26 was reported at $9.2 per barrel, with Q4 GRM at $13.75 per barrel, both exceeding Singapore benchmarks. Management highlighted a strong leverage position with a debt-equity ratio of 0.18 and announced a total dividend of INR 62 per share, the highest to date. Future capital expenditures were outlined, including projects aimed at enhancing operational efficiency and product offerings. Management emphasized a commitment to maintaining operational excellence despite external challenges.

Management highlighted strong operational and financial performance, indicating a commitment to continued excellence.