Tamilnadu Petroproducts Ltd.’s (TPL) standalone net revenue for the September quarter declined to ₹16 crore from ₹27 crore within the year-earlier interval on account of global volatility and escalating uncooked materials costs.
Revenue from operations contracted to ₹433 crore from ₹602 crore, the economic intermediate chemical compounds producer stated in an announcement.
“In light of the ongoing global volatility and escalating raw material prices, we continue to confront margin pressures. Amidst this challenging macroeconomic backdrop, our foremost objective remains to serve our customers while sustaining revenues and keeping an eye on the bottom-line,” stated Vice Chairman Ashwin Muthiah.
