Bumper Dividend Alert! IOCL-Owned PSU Rewards Investors With 540% Dividend | Do You Own?

Bumper Dividend Alert: Indian Oil Corporation Limited-owned Chennai Petroleum Corporation has rewarded its investors with 540% dividend for the financial year 2025-26. The PSU reported a whopping 203% year-on-year surge in its consolidated net profit for the fourth quarter of the financial year 2025-26.

Chennai Petroleum Corporation's share price ended 3.3% lower at Rs 1034.1 per share on BSE with a market capitalisation of Rs 4,959.59 crore. The stock had touched an intraday high mark of Rs 1098 per share and an intraday low of Rs 995 per share.

Chennai Petroleum Corporation Dividend

The company's board of directors recommended an equity dividend of 540% for financial year 2025-26. "The Board of Directors of the Company have recommended an Equity Dividend (Final) of 540% for Financial Year 2025-26 i.e, Rs. 54 /- per equity share of face value Rs. 10/- each on the paid-up share capital, subject to the approval of shareholders at ensuing Annual general meeting of the company," read a BSE filing by Chennai Petroleum Corporation.

The divided will be paid within thirty days from the date of declaration at the Annual General Meeting (AGM). The dividend is "in addition to the interim equity dividend of ₹ 8.00 per equity share declared by the company during the FY 2025-26. The record date for payment of final dividend would be intimated in due course."

Chennai Petroleum Corporation Dividend Record Date: How To Get Eligible?

For investors to become eligible for the record date, it is important to own the stock on or before the dividend record date. The company is yet to notify dividend record date for the corporate action.

Chennai Petroleum Corporation Q4

Chennai Petroleum Corporation Ltd (CPCL) posted a sharp jump in March-quarter earnings, with consolidated profit after tax in Q4 FY26 rising 203% year-on-year to Rs 1,421.85 crore despite softer revenue levels.

Operating performance also strengthened, as CPCL's EBITDA or operating profit for Q4 FY26 climbed to Rs 2,036 crore, up 159.44% from Rs 785 crore reported in Q4 FY25 of the previous year.

CPCL Q4 FY26 results show higher profit despite lower revenue

Revenue from operations during the quarter stood at Rs 20,455.29 crore, a 0.6% year-on-year decline compared with Rs 20,580.65 crore in Q4 FY25, while total expenses dropped to Rs 18,585.72 crore over annually.

The reduction in costs was notable, with expenses falling 7.12% from Rs 20,011.28 crore a year earlier, helping CPCL protect margins even as top-line growth remained slightly negative in Q4 FY26.