Chennai Petroleum Corporation shares jumped close to 10% in Tuesday's intraday trading, with the stock trading at ₹1,358.5 on NSE, up from its previous close of ₹1,240.1. According to reports from NDTV Profit, the stock has delivered around 100% returns over the past one year, demonstrating strong investor confidence despite recent quarterly challenges. The company has recommended a final equity dividend of ₹54 per share for FY26, subject to shareholder approval at the upcoming AGM.
As reported by NDTV Profit, Chennai Petroleum Corporation has rescheduled its 60th Annual General Meeting to August 26, 2026, from the earlier August 24 date. The record date remains August 7, while the cut-off date for participation has been revised to August 19. The remote e-voting period will run from August 22 to August 25. The AGM notice also includes proposals concerning the appointment of S.G. Venkatesh as Director - Technical and V.C. Asokan as Nominee Director.
According to NDTV Profit reports, despite the stock rally, Chennai Petroleum Corporation reported mixed financial results for the June quarter. Revenue increased 43.5% to ₹27,370 crore for the quarter, compared with ₹16,817 crore in the March quarter. However, net profit fell 27% quarter-on-quarter to ₹1,017 crore compared with ₹1,400 crore in the previous period. Operating profitability weakened during the quarter, with Ebitda declining 23.6% to ₹1,555 crore from ₹2,036 crore, while Ebitda margin contracted to 5.7% from 12.1%.
As reported by NDTV Profit, the stock has rallied 104.985% in the past one year and 59.6% in this calendar year 2026 itself, despite the June quarter's falling profitability. The stock is currently trading at a price-to-earnings multiple of 4.42 times, with a market cap of ₹20,502.12 crore as at the end of the last trading session. The stock price has rallied 14.42% over a month, continuing its upward trajectory despite the company's sequential profitability decline.
