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Last Updated : Aug 10, 2015 04:56 PM IST | Source: Moneycontrol.com

Chennai Petroleum Q1 profit jumps 2.5-fold to Rs 923.5 cr

Operating profit spiked 2.2 times sequentially to Rs 1,061 crore and margin expanded by 620 basis points to 11.7 percent in the quarter ended June.


Moneycontrol Bureau


Chennai Petroleum Corporation's profit shot up 2.5 times to Rs 923.5 crore in April-June quarter compared to Rs 364.6 crore in March quarter, driven by strong operational performance.


Revenue in first quarter grew by 2.6 percent to Rs 9,053.4 crore from Rs 8,824 crore in the previous quarter, the petroleum company said in its filing.

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Operating profit spiked 2.2 times sequentially to Rs 1,061 crore and margin expanded by 620 basis points to 11.7 percent in the quarter ended June.


Gross refining margin for the quarter was USD 10.09 a barrel, increased sharply from USD 1.88 a barrel in the year-ago period and USD 5.85 a barrel in March quarter, said Chennai Petroleum.


At 14:29 hours IST, the scrip of Chennai Petroleum Corporation was quoting at Rs 211.80, up Rs 33.35, or 18.69 percent amid high volumes on the BSE.

Posted by Sunil Shankar Matkar



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First Published on Aug 10, 2015 02:48 pm
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