Chennai Petroleum Corporation Ltd Reports Loss After Tax of ₹57 Crore in Q1 FY2025

Chennai Petroleum Corporation Limited (CPCL), a Government of India Enterprise and Group Company of IOCL, reported a crude throughput of 2.981 million metric tonnes (MMT) for the quarter ended June 30, 2025, with a capacity utilisation of 114%. The company recorded a best-ever distillate yield of about 80% and excellent performance on the energy front. However, the financial performance for the quarter ended June 30, 2025, showed a decline. The Revenue from Operations stood at ₹18,683 crore, compared to ₹~20,361 crore during the same period last year. The company reported a Loss Before Tax of ₹80 crore and a Loss After Tax of ₹57 crore, as against a Profit Before Tax of ₹470 crore and Profit After Tax of ₹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 Loss After Tax on a consolidated basis stood at ₹240 crore, compared to a consolidated Profit After Tax of ₹357 crore in Q1 FY2024-25.