Open An Account

News Details

( As on 18/01/2020 20:20)

Chennai Petro. posts Q3 net profit of Rs 6.37 cr

The company reported standalone net profit during the quarter stood at Rs 6.37 crore compared to net loss of Rs 367.10 crore in the previous year quarter.

Net revenue of the company declined moderately by 7.29 per cent at Rs 9,146.67 crore in October-December quarter of this fiscal as against Rs 9,865.83 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 12.42 per cent to Rs 8,943.64 crore from Rs 10,211.39 crore in year ago period.

Other Income grew by 143.91 per cent at Rs 24.05 crore versus (Dec'18 Rs 9.86 crore).

Operating Profit surged by 158.75 per cent to Rs 203.03 crore as against Rs -345.56 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 163.43 per cent in December quarter.

Interest declined by 11.68 per cent y-o-y to Rs 96.37 crore, while Taxation increased by 101.44 per cent at Rs 2.72 crore (Dec'18 Rs -188.24 crore).