13 Dec 2019 | 7:29 PM

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COMPANYNEWS
Chennai Petro. posts Q1 net loss of Rs 233.41 cr
  Chennai Petroleum Corporation Ltd. | 13 Dec 2019 | 04:01 PM
Published on 07-29-2019
The company reported standalone net loss during the quarter stood at Rs 233.41 crore compared to net profit of Rs 156.02 crore in the previous year quarter. 


Net revenue of the company rose moderately by 6.58 per cent at Rs 10147.77 crore in April-June quarter of this fiscal as against Rs 9520.94 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 13.16 per cent to Rs 10268.21 crore from Rs 9073.72 crore in year ago period.


Other Income grew by 79.25 per cent at Rs 14.43 crore versus (Jun`18 Rs 8.05 crore).


Operating Profit slipped by 126.93 per cent to Rs -120.44 crore as against Rs 447.22 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 125.32 per cent in June quarter.


Interest grew by 6.20 per cent y-o-y to Rs 104.59 crore while Taxation decreased by 202.59 per cent at Rs -99.70 crore (Jun`18 Rs 97.18 crore).