Chennai Petroleum Corporation Ltd's Q3FY25 Quarter Results
- 22 Jan 2025
Result Summary
- Chennai Petroleum Corporation Ltd reported a 29.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 9.7%.
- Its expenses for the quarter were up by 20.9% QoQ and down 7.2% YoY.
- The net profit decreased 103.3% QoQ and decreased 94.3% YoY.
- The earnings per share (EPS) of Chennai Petroleum Corporation Ltd stood at 1.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 15687.64 | 12090.79 | 17378.39 | 29.7% | -9.7% |
Total Expenses | 15673.52 | 12966.48 | 16897.34 | 20.9% | -7.2% |
Profit Before Tax | 14.12 | -875.69 | 481.05 | -101.6% | -97.1% |
Tax | 3.66 | -227.88 | 121.06 | -101.6% | -97.0% |
Profit After Tax | 20.78 | -633.69 | 365.28 | -103.3% | -94.3% |
Earnings Per Share | 1.40 | -42.60 | 24.50 | -103.3% | -94.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Chennai Petroleum Corporation Ltd is a prominent entity in the petroleum refining and distribution industry. As a subsidiary of the Indian Oil Corporation, it plays a crucial role in the processing of crude oil and the production of petroleum products in India. The company operates several refineries and is a key player in meeting the country's energy demands. In recent years, the petroleum industry has faced various challenges, including fluctuating crude oil prices and regulatory changes, which have impacted operational strategies and financial performance. However, specific recent developments for Chennai Petroleum Corporation Ltd are not available in this analysis.
Revenue
In the third quarter of FY25, Chennai Petroleum Corporation Ltd reported a total income of ₹15687.64 crores. This marks a significant increase of 29.7% compared to the previous quarter (Q2FY25), where total income was ₹12090.79 crores. However, when compared to the same quarter in the previous fiscal year (Q3FY24), there was a decrease of 9.7% in total income, which was then ₹17378.39 crores. These figures suggest fluctuations in revenue streams year-over-year, while showing a strong recovery quarter-over-quarter. The data highlights the company's ability to generate revenue despite potential challenges in the market.
Profitability
Chennai Petroleum Corporation Ltd's profitability metrics in Q3FY25 indicate a challenging period. The company recorded a profit before tax of ₹14.12 crores, which is a sharp recovery from a loss of ₹875.69 crores in the previous quarter. However, this is still a notable decline from a profit before tax of ₹481.05 crores in Q3FY24. The profit after tax for Q3FY25 stood at ₹20.78 crores, contrasting with a loss of ₹633.69 crores in Q2FY25, and down from a profit of ₹365.28 crores a year ago. The earnings per share followed a similar trend, with ₹1.40 in Q3FY25, up from a negative ₹42.60 in Q2FY25, yet significantly lower compared to ₹24.50 in Q3FY24. These figures reflect substantial shifts in profitability over the analyzed periods.
Operating Metrics
The operational performance of Chennai Petroleum Corporation Ltd can be assessed through the lens of total expenses and tax obligations. Total expenses for Q3FY25 amounted to ₹15673.52 crores, showing a 20.9% increase from Q2FY25, where expenses were ₹12966.48 crores. This represents a decrease from Q3FY24, where expenses were reported at ₹16897.34 crores, marking a year-over-year reduction of 7.2%. The tax expenditure in Q3FY25 was ₹3.66 crores, compared to a tax benefit of ₹227.88 crores in Q2FY25, and a tax expense of ₹121.06 crores in Q3FY24. These changes in expenses and tax figures are critical indicators of the company's operational efficiency and financial management practices over the respective periods.
