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Chennai Petroleum Corporation reports 76% fall in Q1 consolidated net profit

25 Jul 2023 Evaluate

Chennai Petroleum Corporation has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 76.75% fall in its net profit at Rs 548.32 crore for the quarter under review as compared to Rs 2358.79 crore for the same quarter in the previous year. Total income of the company decreased by 34.47% at Rs 17987.82 crore for Q1FY24 as compared Rs 27451.22 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 76.40% fall in net profit at Rs 556.50 crore for the quarter ended June 30, 2023 as compared to Rs 2357.62 crore for the same quarter in the previous year. Total income of the company decreased by 34.47% at Rs 17987.82 crore for Q1FY24 as compared Rs 27451.22 crore for the corresponding quarter previous year.

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