{"id":324770,"date":"2026-10-22T17:06:35","date_gmt":"2026-10-22T11:36:35","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=324770"},"modified":"2026-10-22T17:06:35","modified_gmt":"2026-10-22T11:36:35","slug":"chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/","title":{"rendered":"Chennai Petroleum Q2 Results 2026: Navratna PSU Declares Rs 25 Dividend, Profit Jumps 212%, Check Record Date"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Chennai Petroleum Q2 results for FY27, announced on 22 Oct 2026, show a net profit of Rs 2,271 crore, a jump of about 212% year on year by the headline figure. The board declared an interim dividend of Rs 25 a share with a record date of 30 Oct 2026, and payment on or before 21 Nov. The stock closed at Rs 1,453.70, up 1.06%.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Chennai Petroleum Q2 results beat expectations as profit rose to about Rs 2,271 crore on an average gross refining margin of $20.41 a barrel, against $9.04 a year earlier. The board declared an interim dividend of Rs 25 a share, with the record date on 30 Oct and payment on or before 21 Nov 2026, a payout of about Rs 372 crore by my calculation. The profit beat a market estimate of Rs 2,010 crore by about 13%, and the stock rose 1.06% to Rs 1,453.70. Refining margins are cyclical, so investors should treat the jump as a strong quarter and not as a permanent level.<\/p>\n<\/p><\/div>\n<p>Chennai Petroleum Q2 results are the best in recent memory for the Navratna refiner, which makes crude oil products at its Chennai refinery. A year ago the company earned about Rs 719 crore in the same quarter, so the latest profit is more than three times as large.<\/p>\n<p>This article on Chennai Petroleum Q2 results covers the numbers, the refining margin, the Rs 25 dividend and its dates, the valuation and the risks. It is educational and not a recommendation to buy or sell.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#Chennai_Petroleum_Q2_Results_Key_Numbers\" title=\"Chennai Petroleum Q2 Results: Key Numbers\">Chennai Petroleum Q2 Results: Key Numbers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#How_Big_Was_the_Jump_Comparing_the_Reports\" title=\"How Big Was the Jump? Comparing the Reports\">How Big Was the Jump? Comparing the Reports<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#Gross_Refining_Margin_The_Engine_Behind_Chennai_Petroleum_Q2_Results\" title=\"Gross Refining Margin: The Engine Behind Chennai Petroleum Q2 Results\">Gross Refining Margin: The Engine Behind Chennai Petroleum Q2 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#Rs_25_Interim_Dividend_and_the_Record_Date\" title=\"Rs 25 Interim Dividend and the Record Date\">Rs 25 Interim Dividend and the Record Date<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#Chennai_Petroleum_Share_Price_Today\" title=\"Chennai Petroleum Share Price Today\">Chennai Petroleum Share Price Today<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#Chennai_Petroleum_Q2_Results_and_Valuation\" title=\"Chennai Petroleum Q2 Results and Valuation\">Chennai Petroleum Q2 Results and Valuation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#Chennai_Petroleum_Q2_Results_Buy_Hold_or_Wait\" title=\"Chennai Petroleum Q2 Results: Buy, Hold or Wait?\">Chennai Petroleum Q2 Results: Buy, Hold or Wait?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#What_to_Watch_Next_on_Chennai_Petroleum_Q2_Results\" title=\"What to Watch Next on Chennai Petroleum Q2 Results\">What to Watch Next on Chennai Petroleum Q2 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#What_were_the_Chennai_Petroleum_Q2_results_for_FY27\" title=\"What were the Chennai Petroleum Q2 results for FY27?\">What were the Chennai Petroleum Q2 results for FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#What_is_the_Chennai_Petroleum_dividend_and_record_date\" title=\"What is the Chennai Petroleum dividend and record date?\">What is the Chennai Petroleum dividend and record date?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#How_much_did_the_profit_rise_in_the_Chennai_Petroleum_Q2_results\" title=\"How much did the profit rise in the Chennai Petroleum Q2 results?\">How much did the profit rise in the Chennai Petroleum Q2 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#What_is_the_gross_refining_margin_of_Chennai_Petroleum\" title=\"What is the gross refining margin of Chennai Petroleum?\">What is the gross refining margin of Chennai Petroleum?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#Is_Chennai_Petroleum_a_good_dividend_stock\" title=\"Is Chennai Petroleum a good dividend stock?\">Is Chennai Petroleum a good dividend stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#What_is_the_Chennai_Petroleum_share_price_after_the_results\" title=\"What is the Chennai Petroleum share price after the results?\">What is the Chennai Petroleum share price after the results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#What_are_the_risks_after_the_Chennai_Petroleum_Q2_results\" title=\"What are the risks after the Chennai Petroleum Q2 results?\">What are the risks after the Chennai Petroleum Q2 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/chennai-petroleum-q2-results-2026-navratna-psu-declares-rs-25-dividend-pat-jumps-212-percent-check-record-date\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Chennai_Petroleum_Q2_Results_Key_Numbers\"><\/span><strong>Chennai Petroleum Q2 Results: Key Numbers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Chennai Petroleum Q2 results: metric<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q1 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Change<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue from operations (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">29,358.75<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22,055.45<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down about 25% from Q1<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,365.56<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3,031.57<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 122%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">EBITDA margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">4.65%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">13.74%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 9 points<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit (Rs crore)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,016.67<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2,271.29<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 123%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Basic EPS (Rs)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">68.27<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">152.53<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 123%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Average GRM per barrel<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$20.41<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Against $9.04 in Q2 FY26<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Crude throughput (million tonnes)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.85<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2.59<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down about 9%<\/td>\n<\/tr>\n<\/table>\n<p>In the Chennai Petroleum Q2 results, revenue fell from the previous quarter, and so did crude processed, yet profit more than doubled, which shows that the gain came from margin and not from volume. EBITDA margin rose from 4.65% to 13.74%. The figures here are the standalone numbers from one report that itself says the financial figures may contain some discrepancies, so I advise checking them against the official filing.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Track oil and gas stocks on the Univest screeners page<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Big_Was_the_Jump_Comparing_the_Reports\"><\/span><strong>How Big Was the Jump? Comparing the Reports<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Chennai Petroleum Q2 results: comparison<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit reported in the headline<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 2,271 crore, up 212% year on year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit in Q2 FY26 as reported earlier<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 719 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Growth against Rs 719 crore (my calculation)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 216%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Another report<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">States a rise of 137%, which does not match the figures above<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market estimate<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 2,010 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Beat against the estimate (my calculation)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 13%<\/td>\n<\/tr>\n<\/table>\n<p>For the Chennai Petroleum Q2 results, the headline says 212%, my own check against the Rs 719 crore reported a year ago gives about 216%, and a third report says 137%. The difference may come from restated figures or from comparing standalone and consolidated numbers, so use the filing for the exact percentage. All sources agree on a profit of about Rs 2,271 crore, and it beat the market estimate.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to follow results and dividend alerts.<\/em><\/p>\n<p><strong>Risk:<\/strong> Quoting a growth percentage from a headline without checking the base year can overstate or understate the change.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Gross_Refining_Margin_The_Engine_Behind_Chennai_Petroleum_Q2_Results\"><\/span><strong>Gross Refining Margin: The Engine Behind Chennai Petroleum Q2 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The gross refining margin, or GRM, is the money a refiner earns on each barrel after paying for crude. At $20.41 a barrel for the quarter against $9.04 a year ago, the margin is more than double (about 126% higher, my calculation). For the Chennai Petroleum Q2 results, with crude above $100 and product prices high amid the West Asia conflict, refiners with products that sell well have earned strong spreads.<\/p>\n<p>A refining margin can swing quickly. It depends on the gap between product prices and crude, and in a rising crude market part of a reported margin can come from inventory gains, though the sources I read do not give that split for the company. For Chennai Petroleum Q2 results, the lesson is that one quarter at $20 a barrel does not guarantee the same level in the next.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Rs_25_Interim_Dividend_and_the_Record_Date\"><\/span><strong>Rs 25 Interim Dividend and the Record Date<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Chennai Petroleum Q2 results: dividend point<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Interim dividend<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 25 per equity share of face value Rs 10, which is 250%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Record date<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">30 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Payment date<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">On or before 21 Nov 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Number of shares<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 14.89 crore (my calculation from profit and EPS)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total payout<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 372 crore (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Payout against Q2 profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 16%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Payout against H1 profit of about Rs 3,288 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 11%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend yield on one payout at Rs 1,453.70<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 1.7% (my calculation)<\/td>\n<\/tr>\n<\/table>\n<p>The record date for the Chennai Petroleum Q2 results dividend is the day the company checks its list of holders. With the T+1 settlement cycle on Indian exchanges, the ex-dividend date is normally the same as the record date, so a buyer would need to hold the shares by the close of 29 Oct to be eligible (my reading; confirm on the NSE notice). The payout of about 11% to 16% of recent profit leaves most of the earnings with the company, which can be used for debt and capital spending.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Chennai_Petroleum_Share_Price_Today\"><\/span><strong>Chennai Petroleum Share Price Today<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Chennai Petroleum Q2 results: market point<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level on 22 Oct 2026<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,438.40<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Open<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,438.40<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,480.00<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,377.30<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close on NSE<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,453.70, up 1.06%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close on BSE<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,454.15, up 1.03%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Volume on NSE<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 48.6 lakh shares<\/td>\n<\/tr>\n<\/table>\n<p>After the Chennai Petroleum Q2 results the stock swung widely, from a low of Rs 1,377.30 to a high of Rs 1,480, a range of about 7% (my calculation), and ended slightly higher. The gain of 1.06% on the NSE is a little below the 1.15% quoted in one report, which may reflect a different time of the day. After such a strong profit and a dividend, the muted close shows that much of the good news was already expected.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Chennai_Petroleum_Q2_Results_and_Valuation\"><\/span><strong>Chennai Petroleum Q2 Results and Valuation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Chennai Petroleum Q2 results: valuation measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 21,660 crore at Rs 1,453.70 (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Trailing EPS on the data screen<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 280.30<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">P\/E at Rs 1,453.70<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 5.2 times (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Industry P\/E<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">15.41 times<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Book value per share<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 746.03<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book at Rs 1,453.70<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 1.95 times (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">27.93%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.18<\/td>\n<\/tr>\n<\/table>\n<p>After the Chennai Petroleum Q2 results, a P\/E of about 5 against an industry level of 15 looks very low, but it is typical for refiners at a cyclical high, because the market doubts that peak earnings will last. A return on equity of 27.93% is strong. If margins fall back toward the $9 a barrel of a year ago, earnings per share would fall sharply, and the low P\/E would stop looking low.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Chennai_Petroleum_Q2_Results_Buy_Hold_or_Wait\"><\/span><strong>Chennai Petroleum Q2 Results: Buy, Hold or Wait?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Chennai Petroleum Q2 results: investor type (my reading)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Points to weigh<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend-seeking investor<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A payout of Rs 25 with a record date of 30 Oct is attractive, but it is a single interim payment and not a promise of repeat<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Long-term investor<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Strong returns and a low P\/E help after the Chennai Petroleum Q2 results, but refining margins are cyclical; staggered buying limits the timing risk<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Short-term trader<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The Rs 1,377.30 to Rs 1,480 range is the reference; buying only for the dividend can lose money if the price drops after the ex-date<\/td>\n<\/tr>\n<\/table>\n<p>This is an educational view of the Chennai Petroleum Q2 results and not advice. On the ex-dividend date the share price usually adjusts by about the amount paid, so the dividend alone is not a free gain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_on_Chennai_Petroleum_Q2_Results\"><\/span><strong>What to Watch Next on Chennai Petroleum Q2 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>The filing details of the profit growth, including standalone and consolidated figures, after the Chennai Petroleum Q2 results<\/li>\n<li>Refining margins in the next quarter against the $20.41 a barrel in Q2<\/li>\n<li>Crude oil prices and product spreads, which depend on the West Asia situation<\/li>\n<li>The record date of 30 Oct and the ex-dividend price move<\/li>\n<li>Crude throughput, which fell to 2.59 million tonnes from 2.85 million tonnes in Q1, after the Chennai Petroleum Q2 results<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Chennai Petroleum Q2 results show a profit of about Rs 2,271 crore, a refining margin of $20.41 a barrel and a Rs 25 interim dividend with a record date of 30 Oct. The profit beat the estimate by about 13%, but refining margins are cyclical and the growth percentage differs between reports. Read the filings and decide on your own horizon.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_Chennai_Petroleum_Q2_results_for_FY27\"><\/span><strong>What were the Chennai Petroleum Q2 results for FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Net profit was about Rs 2,271 crore, revenue from operations was Rs 22,055.45 crore and EBITDA was Rs 3,031.57 crore with a margin of 13.74%. The average gross refining margin was $20.41 a barrel.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Chennai_Petroleum_dividend_and_record_date\"><\/span><strong>What is the Chennai Petroleum dividend and record date?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The board declared an interim dividend of Rs 25 per share of face value Rs 10, with a record date of 30 Oct 2026 and payment on or before 21 Nov 2026. Check the NSE notice for the ex-dividend date.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_did_the_profit_rise_in_the_Chennai_Petroleum_Q2_results\"><\/span><strong>How much did the profit rise in the Chennai Petroleum Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The headline says about 212% year on year, my own check against about Rs 719 crore a year ago gives about 216%, and one report says 137%. The profit is also about 123% higher than in Q1 FY27.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_gross_refining_margin_of_Chennai_Petroleum\"><\/span><strong>What is the gross refining margin of Chennai Petroleum?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It was $20.41 a barrel in Q2 FY27 against $9.04 in Q2 FY26, which is about 126% higher by my calculation. The margin depends on product prices against crude and can change quickly.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Chennai_Petroleum_a_good_dividend_stock\"><\/span><strong>Is Chennai Petroleum a good dividend stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A payout of Rs 25 is about 1.7% of the price at Rs 1,453.70, and the total is about Rs 372 crore. It is a single interim payment, so repeat payouts depend on future refining profits.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Chennai_Petroleum_share_price_after_the_results\"><\/span><strong>What is the Chennai Petroleum share price after the results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock closed at Rs 1,453.70 on the NSE, up 1.06%, after a range of Rs 1,377.30 to Rs 1,480. The P\/E is about 5.2 times by my calculation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_after_the_Chennai_Petroleum_Q2_results\"><\/span><strong>What are the risks after the Chennai Petroleum Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Refining margins are cyclical and may fall back from $20.41, crude throughput fell to 2.59 million tonnes from 2.85 million, and the profit percentage differs between reports. The cash figure in one report also looks unusually low and should be checked.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What were the Chennai Petroleum Q2 results for FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Net profit was about Rs 2,271 crore, revenue from operations was Rs 22,055.45 crore and EBITDA was Rs 3,031.57 crore with a margin of 13.74%. The average gross refining margin was $20.41 a barrel.\"}},{\"@type\":\"Question\",\"name\":\"What is the Chennai Petroleum dividend and record date?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The board declared an interim dividend of Rs 25 per share of face value Rs 10, with a record date of 30 Oct 2026 and payment on or before 21 Nov 2026. Check the NSE notice for the ex-dividend date.\"}},{\"@type\":\"Question\",\"name\":\"How much did the profit rise in the Chennai Petroleum Q2 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The headline says about 212% year on year, my own check against about Rs 719 crore a year ago gives about 216%, and one report says 137%. 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The P\/E is about 5.2 times by my calculation.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks after the Chennai Petroleum Q2 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Refining margins are cyclical and may fall back from $20.41, crude throughput fell to 2.59 million tonnes from 2.85 million, and the profit percentage differs between reports. The cash figure in one report also looks unusually low and should be checked.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chennai Petroleum Q2 results: profit of Rs 2,271 crore, Rs 25 interim dividend with record date 30 Oct, GRM of $20.41, payout, valuation and risks.<\/p>\n","protected":false},"author":29,"featured_media":324767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[14982,14981,14983,14985,14984,14033,14986,14987,9080,7864],"class_list":["post-324770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chennai-petroleum-dividend","tag-chennai-petroleum-q2-results","tag-chennai-petroleum-record-date","tag-chennai-petroleum-rs-25-dividend","tag-cpcl-q2-fy27","tag-cpcl-share-price","tag-gross-refining-margin","tag-navratna-psu-dividend","tag-oil-refining-stocks","tag-psu-dividend-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["324767"],"rank_math_title":["Chennai Petroleum Q2 Results: Rs 25 Dividend, Record Date 30 Oct"],"rank_math_description":["Chennai Petroleum Q2 results show profit of Rs 2,271 crore and a Rs 25 interim dividend with record date 30 Oct. 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