We are proud to announce the outstanding financial results of Chennai Petroleum Corporation Limited (CPCL) for the fourth quarter of the fiscal year 2021. Despite the challenging operating environment due to the COVID-19 pandemic, CPCL has achieved record profits, thanks to its resilient business strategy, efficient operations, and strong customer focus.
Financial Performance Highlights
CPCL’s total revenue for Q4 2021 was INR 15,660 crore, up by 34% compared to the same quarter last year. The net profit after tax (PAT) was INR 839 crore, a significant increase of 440% from the previous year’s Q4. The earnings per share (EPS) for the quarter stood at INR 8.38, up from INR 1.60 in Q4 2020.
Operational Performance Highlights
CPCL’s refineries in Manali and Narimanam have achieved record crude oil throughput of 4.67 million metric tonnes (MMT) during the year, which is an increase of 3.5% over the previous year. The refineries have also achieved higher distillate yield and lower energy consumption, resulting in cost savings and improved environmental performance.
CPCL’s marketing and distribution network has also demonstrated strong performance, despite the pandemic-related restrictions. The company has focused on serving the needs of its customers in the domestic and export markets, leveraging its extensive product portfolio and supply chain capabilities.
Business Strategy and Outlook
CPCL’s success in Q4 2021 is a testament to its resilient business strategy, which is based on a holistic approach to operational excellence, financial discipline, and stakeholder engagement. The company has continued to invest in technology, safety, and sustainability, while optimizing its resources and cost structure.
Looking ahead, CPCL is well-positioned to capitalize on the recovering demand for petroleum products, both in India and abroad. The company is committed to delivering value to its shareholders, customers, and employees, by leveraging its strengths in refining, marketing, and innovation.
In summary, Chennai Petroleum Corporation Limited has reported outstanding financial and operational results for the fourth quarter of 2021, despite the pandemic-related challenges. The company’s record profits, efficient operations, and customer focus have demonstrated its resilience and competitiveness in the dynamic energy market. We believe that CPCL’s business strategy, capabilities, and outlook make it a strong player in the industry, and we look forward to its continued success in the future.