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Chennai Petroleum Corporation reports 66% fall in Q2 consolidated net profit

27 Oct 2022 Evaluate

Chennai Petroleum Corporation has reported results for second quarter ended September 30, 2022.

The company has reported fall of 57.40% in its net profit at Rs 27.88 crore for Q2FY23 as compared to Rs 65.45 crore for the corresponding quarter previous year. However, total income of the company increased by 74.91% to Rs 22906.30 crore for the quarter under review as compared to Rs 13096.05 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of  66.34% in its its net profit at Rs 20.01 crore for the quarter under review as compared to Rs 59.45 crore for the same quarter in the previous year. However, total income of the company increased by 74.93% to 22898.37 crore for the quarter under review as compared to Rs 13090.13 crore for the same quarter in the previous year.

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