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Chennai Petro's Massive Dividend Jump!
1 Aug
Summary
- Chennai Petro declared its highest dividend ever at ₹62 per share for FY26.
- The company achieved 108% capacity utilization in Q1 FY27 with robust financial turnaround.
- Strong cash flow generation supports dividend payouts and debt reduction.
Chennai Petroleum Corporation Limited (Chennai Petro) has announced its highest-ever equity dividend of ₹62 per share for the fiscal year 2026. This represents a substantial increase from the ₹5 per share paid in fiscal year 2025.
In the first quarter of fiscal year 2027, Chennai Petro achieved an impressive 108% capacity utilization, processing 2.85 MMT of crude oil. This contributed to a strong financial turnaround, with revenue increasing by 84.8% year-on-year and EBITDA jumping to ₹1,555 crore from ₹99 crore in the prior year's quarter.
For the full fiscal year 2026, the company's net profit grew significantly to ₹3,103 crore, driven by expanded gross refining margins (GRM). This strong financial performance has resulted in a net cash flow from operations of ₹2,945 crore in FY26.
Chennai Petro's robust cash flow generation allows it to consistently reward shareholders with higher payouts while funding capital expenditures and reducing debt. The company's market capitalization was ₹18,525 crore as of July 30, 2026.
