This high-dividend paying PSU stock is in focus after it reported its Q4 results for FY25 with an impressive growth of 2,161 percent QoQ in its Net Profit. Following the results, its share shot up by 6 percent.
Share Price Movement
With a market capitalization of Rs. 9,495 Crore, the stock of Chennai Petroleum opened at Rs. 626.70, around the same level as yesterday’s close, and after opening, it made a high of Rs. 663.85, up 5.92 percent. Additionally, the Yearly return for the stock is -41 percent, and the past 5-year return is an impressive 919 percent.
Financial Highlights
The company reported a 1.16 percent YoY decrease in revenue from Rs. 20,822.96 Crore in Q4FY24 to Rs. 20,580.65 Crore in Q4FY25. On a QoQ basis, the company reported an increase of 31.22 percent in revenue from Rs. 15,683.25 Crore in the previous quarter.
Their Net profit saw a decrease of 25.16 percent YoY from Rs. 627.89 Crore to Rs. 469.93 Crore for the same period. On a QoQ basis, the company reported an impressive increase of 2,161 percent in Net profit from Rs. 20.78 Crore in the previous quarter.
The Board recommended a Final Equity Dividend of Rs. 5 per equity share, which is a 50 percent dividend based on the face value of Rs. 10. The final dividend is subject to the approval of shareholders at the AGM.
About the Company
Chennai Petroleum Corporation Limited (CPCL) is a public-sector enterprise operating in the oil and gas sector, specifically in petroleum refining. A subsidiary of Indian Oil Corporation Limited (IOCL), CPCL plays a key role in refining crude oil and producing a diverse range of petroleum products.
CPCL’s product portfolio includes LPG, petrol, kerosene, aviation turbine fuel, diesel, naphtha, bitumen, lube base stocks, paraffin wax, and fuel oil. Indian Oil holds a 51.88% stake in the company.
Written By Abhishek Das
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