Chennai Petroleum (500110) Q3 24/25 earnings summary

Executive summary

• Audited standalone and unaudited consolidated financial results for the quarter and nine months ended December 31, 2024, were approved by the Board and reviewed by the Audit Committee.

• Statutory auditors issued unmodified opinions on both standalone and consolidated results.

Financial highlights

• Standalone revenue from operations for Q3 FY25 was ₹15,683.25 crore, down from ₹20,453.93 crore in Q3 FY24; nine-month revenue was ₹50,469.28 crore, down from ₹58,449.30 crore year-over-year.

• Standalone net profit for Q3 FY25 was ₹11.75 crore, compared to ₹359.99 crore in Q3 FY24; nine-month net loss was ₹282.70 crore, versus a profit of ₹2,098.87 crore in the prior year period.

• Consolidated net profit for Q3 FY25 was ₹22.07 crore, down from ₹365.28 crore in Q3 FY24; nine-month consolidated net loss was ₹262.10 crore, compared to a profit of ₹2,117.19 crore year-over-year.

• Average Gross Refining Margin for April–Dec 2024 was US$3.40/bbl, significantly lower than US$8.98/bbl for April–Dec 2023.

Outlook and guidance

• Management and auditors confirmed the company’s ability to continue as a going concern.