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Tamil Nadu Petro Products Ltd Q1FY24; 48% fall in Profits

Tamilnadu Petroproducts Limited, headquartered at Chennai, Tamilnadu, India is jointly promoted by Southern Petrochemical Industries Corporation Limited (SPIC) and Tamilnadu Industrial Development Corporation Limited (TIDCO) and is engaged in the business of petrochemical products viz, Linear Alkyl Benzene (LAB), Caustic Soda, Chlorine and Propylene Oxide.

Financial Results:

Tamil Nadu Petro Products Ltd reported Revenues for Q1FY24 of ₹451.00 Crores down from ₹556.00 Crore year on year, a fall of 18.88%.

Total Expenses for Q1FY24 of ₹438.00 Crores down from ₹523.00 Crores year on year, a fall of 16.25%.

Consolidated Net Profit of ₹15.00 Crores down 48.28% from ₹29.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.71, down 46.56% from ₹3.20 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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