Net sales during the quarter increased 1.5% year-on-year (YoY) to Rs 8,737.24 crore during the quarter.

Other income includes exchange gain of Rs 22.10 crore for the quarter ended March 2021 compared with exchange loss of Rs 77.14 crore for the quarter ended March 2020.

The company reported a pre-tax profit of Rs 332.95 crore in Q4 March 2021 as against a pre-tax loss of Rs 2388.06 crore in Q4 March 2020.

Chennai Petro recorded a net profit of Rs 237.56 crore in the year ended 31 March 2021 compared with net loss of Rs 2077.58 crore in the year ended 31 March 2021. Net sales declined 39.6% to Rs 22444.76 crore in FY21 over FY20.

Average gross refining margin (GRM) for the period April-March 2021 was $7.14 per barrel compared with negative margin of $1.18 per barrel in April-March 2020.

Chennai Petroleum Corporation refines crude oil and markets petroleum and petrochemical products, including lube oil base stocks, aviation turbine fuel, propane, propylene and polybutene feedstock. The group operates two refineries, the Cauvery Basin refinery and the Manali refinery. Indian Oil Corporation held 51.89% stake in the company as on 31 March 2021.

Powered by Capital Market - Live News

Chennai Petroleum Corporation Ltd gained 7.56% today to trade at Rs 117.4. The S&P BSE Energy index is up 1.67% to quote at 6386.77. The index is up 1.1 % over last one month. Among the other constituents of the index, Mangalore Refinery And Petrochemicals Ltd increased 4.74% and Confidence Petroleum India Ltd added 2.52% on the day. The S&P BSE Energy index went up 42.77 % over last one year compared to the 53.73% surge in benchmark SENSEX.

Chennai Petroleum Corporation Ltd has added 21.66% over last one month compared to 1.1% gain in S&P BSE Energy index and 0.32% rise in the SENSEX. On the BSE, 88043 shares were traded in the counter so far compared with average daily volumes of 54637 shares in the past one month. The stock hit a record high of Rs 132.55 on 13 Jan 2021. The stock hit a 52-week low of Rs 47.7 on 27 May 2020.

Powered by Capital Market - Live News

Net profit of Chennai Petroleum Corporation reported to Rs 241.98 crore in the quarter ended March 2021 as against net loss of Rs 1624.73 crore during the previous quarter ended March 2020. Sales rose 1.78% to Rs 8737.24 crore in the quarter ended March 2021 as against Rs 8584.65 crore during the previous quarter ended March 2020.

For the full year,net profit reported to Rs 257.26 crore in the year ended March 2021 as against net loss of Rs 2056.40 crore during the previous year ended March 2020. Sales declined 39.53% to Rs 22444.76 crore in the year ended March 2021 as against Rs 37116.74 crore during the previous year ended March 2020.

Powered by Capital Market - Live News

Chennai Petroleum Corporation will hold a meeting of the Board of Directors of the Company on 28 April 2021.

Powered by Capital Market - Live News