Tamil Nadu Petroproducts announced that the Annual General Meeting (AGM) of the company will be held on 7 August 2018.

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Net profit of Tamil Nadu Petro Products reported to Rs 9.96 crore in the quarter ended March 2018 as against net loss of Rs 15.82 crore during the previous quarter ended March 2017. Sales rose 3.95% to Rs 258.23 crore in the quarter ended March 2018 as against Rs 248.42 crore during the previous quarter ended March 2017.

For the full year,net profit rose 402.26% to Rs 46.71 crore in the year ended March 2018 as against Rs 9.30 crore during the previous year ended March 2017. Sales rose 18.03% to Rs 1045.64 crore in the year ended March 2018 as against Rs 885.89 crore during the previous year ended March 2017.

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Tamilnadu Petroproducts announced that the Board of Directors of the Company at its meeting held on 14 May 2018, inter alia, has recommended the final dividend of Rs.0.50 per share (i.e.5%), subject to the approval of the shareholders.

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Tamilnadu Petroproducts will hold a meeting of the Board of Directors of the Company on 14 May 2018, to consider and approve, the Annual Accounts and Audited Financial Results of the Company for the quarter and year ended March 31, 2018.

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