CPChennai Petroleum Corporation500110Dividend news update

Board declares interim dividend of Rs. 25/- per equity share for FY 2026-27

Board declares interim dividend of Rs. 25/- per equity share (face value Rs.10/-) for FY 2026-27.

By ScoutQuest · Thu 22 Oct 2026, 4:02 PM IST · 2 min read

Interim Dividend Per Share

Rs. 25/- per equity share (face value Rs.10/-) for FY 2026-27

Record Date

30 October 2026

Dividend Payment Date

on or before 21 November 2026

Interim dividend declared

• The Board, at its meeting on 22 October 2026, declared an interim dividend of Rs. 25/- per equity share of face value Rs.10/- each for FY 2026-27.
• The record date is Friday, 30th October 2026, used to decide which shareholders are eligible for the dividend.
• The interim dividend is to be paid to eligible shareholders on or before 21st November 2026.

Results approved in the same update

• Revenue from operations for the September 2026 quarter: 22055.45 (₹ in crore).
• Profit for the quarter: 2271.29 (₹ in crore), against 731.55 (₹ in crore) in the same quarter a year earlier.
• Average Gross Refining Margin for April-September 2026: US$ 14.34 per bbl, against US$ 6.17 per bbl in the same period a year earlier.
• The statutory auditors issued an audit report with an Unmodified Opinion on both the standalone and consolidated financial results.
• On defaults, the company stated there is no default in the payment of outstanding loans / revolving facilities and debt securities, and that no listed Non-Convertible Debentures are outstanding as on the reporting date.

One number worth reading with care

The company said an additional revenue of ₹385.21 crore, relating to supplies made during March 2026, was recognised during Q1 2026-27 following a retrospective revision in prices of certain petroleum products with effect from 16th March 2026. This amount is excluded from the Gross Refining Margin.

Governance point flagged by the auditor

• In the "Other Matters" section, the auditor stated that the company did not have the minimum number of Independent Directors, including one Woman Independent Director, as required under the Companies Act, 2013 and SEBI (LODR) Regulations, 2015, throughout the reporting period.
• The requirement of having 2/3rd of Independent Directors on the Audit Committee and the Nomination & Remuneration Committee was complied with after the reporting period, and the appointment of the Woman Independent Director is in consideration of the Government of India as on the date of reporting.
• The auditor's opinion is not modified in respect of this matter.

What this means for a retail shareholder

• The dividend is cash in hand only for shares held on the record date; shares bought after that date do not carry this dividend.
• The quarter's profit is higher than the year-ago quarter, supported by a much higher refining margin and by the price-revision revenue described above.
• The auditor's governance observation is a disclosure to note, but it did not change the audit opinion on the accounts.

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