Chennai Petroleum Corporation Ltd (CHENNPETRO)

Chennai Petroleum to Build Refinery in Tamil Nadu - 29 Apr, 2024

Chennai Petroleum plans to build a 180,000 bpd refinery at Nagapattinam by the end of 2027, with parent company Indian Oil Corp controlling a 75% stake. The project cost has been revised to about ₹36,400 crore ($4.36 billion), with 66% met through debt. Chennai Petroleum also plans to shut some units at its Manali refinery for maintenance.

Chennai Petroleum Corp Q4 Profit Drops 38% YoY - 27 Apr, 2024

Chennai Petroleum Corporation's Q4 profit dropped by 38% YoY, while revenue decreased by 2.47%. However, compared to the previous quarter, revenue grew by 1.8%, and profit increased by 71.89%. The company has delivered strong returns in the last week and over the past six months. One analyst rates it as a Strong Sell, while another rates it as a Strong Buy.

Chennai Petroleum Reports Decrease in Net Income for FY 2024 - 26 Apr, 2024

Chennai Petroleum Corporation Ltd reported a decrease in net income by 22% from FY 2023, with EPS decreasing from ₹237 to ₹184. However, revenue increased by 3.4% from FY 2023. The company's revenue is expected to decline by 7.6% p.a. on average during the next two years.

Chennai Petro Q4 2024 Net Sales Down 1.6%, Quarterly Profit Drops by 39% - 25 Apr, 2024

Chennai Petroleum Corporation Ltd's net sales for Q4 2024 were down 1.6% YoY, with a quarterly net profit drop of 39.02%. The EPS has also decreased from Rs. 67.44 to Rs. 41.12 in March 2023 and March 2024 respectively. However, the stock has given significant returns over the last 6 months and 12 months.

Chennai Petroleum Corp Reports Mixed Results Amid Dividend Declaration - 24 Apr, 2024

Chennai Petroleum Corporation declares a final dividend of Rs.55 per share while reporting a 72% sequential surge in its March quarter net profit. However, the company's Q4FY24 net profit declined 38.01% YoY, with sales down by 1.60%.

Chennai Petroleum Corp's Low P/E Ratio May Indicate a Strong Buy Opportunity - 20 Apr, 2024

Chennai Petroleum Corporation Ltd's low P/E ratio of 4.5x compared to the Indian market average may make it an attractive buy, despite its recent decline in earnings. However, many are expecting this trend to continue, which has kept the P/E ratio low.

Khanna Reduces Stake in Chennai Petroleum Corporation - 10 Apr, 2024

Investor Renuka Ramnath Khanna has reduced her stake in Chennai Petroleum Corporation to 1.09% by offloading 3,42,500 shares during Q4FY24.

Chennai Petroleum Corporation Ltd Reports Strong Q3FY24 Results - 03 Apr, 2024

Chennai Petroleum Corporation Ltd has reported a revenue growth of 8.23% YoY in Q3FY24, accompanied by profits of Rs. 360 Crores. The stock has delivered multi-bagger returns of 280% in a year and has a low PEG ratio of 0.14.