The result was announced during trading hours yesterday, 10 August 2015. Shares of Chennai Petroleum Corporation surged 14.88% to Rs 205 on that day. The stock has risen 35.72% in two trading sessions from Rs 178.45 on 7 August 2015.

Meanwhile, the BSE Sensex was down 232.55 points, or 0.83%, to 27,869.17.

On BSE, so far 40.84 lakh shares were traded in the counter, compared with an average volume of 5.46 lakh shares in the past one quarter.

The stock hit a high of Rs 242.25 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 209 so far during the day. The stock hit a 52-week low of Rs 62.20 on 25 March 2015.

The stock had outperformed the market over the past one month till 10 August 2015, rising 14.65% compared with 1.59% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 124.29% as against Sensex's 3.68% rise.

The mid-cap company has an equity capital of Rs 149 crore. Face value per share is Rs 10.

Chennai Petroleum Corporation (CPCL) said that its turnover fell 19.94% to Rs 11386 crore in Q1 June 2015 over Q1 June 2014. The reduction in turnover was mainly due to the sharp fall in prices of petroleum products from the second half of the year 2014-2015, the company said in a statement.

However, CPCL earned a higher Gross Refining Margin (GRM) of $10.09 per bbl in Q1 June 2015 as against $1.88 per bbl in Q1 June 2014 as the product cracks improved over the previous year coupled with continued strong physical performance.

The company said that the planned capital expenditure (capex) for the year 2015-2016 is Rs 1392 crore, including non-plan schemes of Rs 92 crore. The actual project expenditure during the first quarter is almost in line with the target at Rs 225 crore, it added.

Chennai Petroleum Corporation (CPCL) has two refineries with a combined refining capacity of 11.5 million tonnes per annum. The main products of the company are LPG, motor spirit, superior kerosene, aviation turbine fuel, high speed diesel, naphtha, bitumen, lube base stocks, paraffin wax, fuel oil, hexane and petrochemical feed stocks.