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Chennai Petroleum Corporation reports 79% fall in Q1 consolidated net profit

23 Jul 2021 Evaluate

Chennai Petroleum Corporation has reported results for first quarter ended June 30, 2021.

The company has reported a fall of 80.22% in its net profit at Rs 53.73 crore for the quarter under review as compared to Rs 271.63 crore for the same quarter in the previous year. However, total income of the company reported 2- fold jump at Rs 12799.17 crore for Q1FY22 as compared Rs 5986.44 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 79.01% in its net profit at Rs 56.65 crore for the quarter under review as compared to Rs 269.90 crore for the same quarter in the previous year. However, total income of the company reported 2- fold jump at Rs 12799.17 crore for Q1FY22 as compared Rs 5986.44 crore for the corresponding quarter previous year.

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