Chennai Petroleum Corporation Ltd. swings to profit, posts ₹719 crore in Q2

Chennai Petroleum Corporation turned around in Q2FY26, reporting a net profit of ₹719 crore compared with a net loss of ₹634 crore in the same quarter last year. Revenue from operations surged nearly 39% YoY to approximately ₹20,034 crore. The improvement was driven by stronger refining margins and increased throughput. Shares rose over 6% on the news. Analysts caution that upcoming changes in global crude prices and subsidy burdens remain key risks for the refining sector.