Chennai Petroleum Corporation Ltd. (CPCL) posted a standalone net profit of ₹1,004 crore for the yr ended March in opposition to ₹994 crore within the year-earlier interval. Revenue from operations rose to ₹21,350 crore from ₹20,997 crore.
The throughput was 2.952 million tonnes similar to capability utilisation of 112%. The gas and loss was additionally decrease at 8.9%, in line with a regulatory submitting.
Managing Director Arvind Kumar attributed the “good performance to focused approach on safe and reliable operation, capacity utilisation, energy savings and feed optimisation, which enabled secondary units to surpass the previous best.” It was additionally supported by strong margins prevailing within the International market that aided to publish an all-time excessive profit, he added. The firm has declared a dividend of ₹27 per share.
