What was Chennai Petroleum's revenue in Q4 FY26?

Chennai Petroleum reported revenue of ₹16,817 Cr in Q4 FY26, a — change year-over-year.

Did Chennai Petroleum management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Chennai Petroleum Q4 FY26 Research Workspace: Revenue ₹16,817 Cr (—)

Q: What guidance did Chennai Petroleum management give?

Sustained high capacity utilization: Management expects to maintain ~111% capacity utilization in H1 FY27, with a scheduled maintenance turnaround around Sep-Oct 2027.

Revenue ₹16,817 Cr

EBITDA —

PAT ₹1,422 Cr

EBITDA Margin —

Duration 66 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Chennai Petroleum delivered a stellar Q4 FY26 with record annual crude throughput of 11.71 MMT (112% capacity) and Q4 throughput of 2.93 MMT (111% capacity). Gross refining margin (GRM) for Q4 was $13.75/bbl, well above the Singapore benchmark of $8.70/bbl, driven by optimized crude mix (52% high sulfur), highest-ever distillate yield of 79.1%, and record LPG production of 447 TMT. The company maintained a strong balance sheet with net debt-to-equity of 0.09. Management guided for sustained high utilization, with a scheduled maintenance turnaround in H2 FY27 but expects minimal impact. Key growth projects include a ₹1,600 crore LOBS expansion and ₹400 crore retail outlet rollout. Risks include geopolitical crude supply disruptions and export duty volatility, though management expressed confidence in navigating these through flexible sourcing and long-term contracts.

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Did management answer the analysts?

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Risk Intelligence

Geopolitical crude supply disruptions

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Quarter Snapshot

Crude Throughput (Annual) 11.71 MMT

+0.6% YoY

Highest ever, achieved despite a planned shutdown of one crude unit for a month.

Distillate Yield 79.1%

+150bps YoY

Best ever, beating previous record of 77.6% set in FY20.

LPG Production 447 TMT

+10.6% YoY

Highest ever, overcoming global LPG supply uncertainties.

Gross Debt-to-Equity 0.18x

-21pp YoY

Improved from 0.39x last year; net DER at 0.09x.

Fast read

Guidance and risk preview

Top guidance Sustained high capacity utilization

Management expects to maintain ~111% capacity utilization in H1 FY27, with a scheduled maintenance turnaround around Sep-Oct 2027.

Top risk Geopolitical crude supply disruptions

Middle East tensions and Red Sea route closures have impacted ~30-40% of term cargoes temporarily, though suppliers have assured makeup.