12 Dec 2019 | 9:36 AM


Chennai Petro. posts Q2 net loss of Rs 212.97 cr
  Chennai Petroleum Corporation Ltd. | 12 Dec 2019 | 09:26 AM
Published on 10-17-2019
The company reported standalone net loss during the quarter stood at Rs 212.97 crore compared to net profit of Rs 27.04 crore in the previous year quarter. 

Net revenue of the company declined substantially by 23.05 per cent at Rs 9237.66 crore in July-September quarter of this fiscal as against Rs 12004.06 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 20.48 per cent to Rs 9352.07 crore from Rs 11760.35 crore in year ago period.

Other Income dipped by 22.36 per cent at Rs 15.49 crore versus (Sep`18 Rs 19.95 crore).

Operating Profit slipped by 146.95 per cent to Rs -114.41 crore as against Rs 243.71 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 161.08 per cent in September quarter.

Interest declined by 6.04 per cent y-o-y to Rs 99.10 crore while Taxation decreased by 486.45 per cent at Rs -90.97 crore (Sep`18 Rs 23.54 crore).