Chennai Petroleum Corporation Ltd, a group company of Indian Oil, today reported a loss of Rs 61.06 crore for the fourth quarter ended March 2010.
However, the firm had posted a net profit of Rs 272 crore during the same quarter a year ago.
Total income of the company rose to Rs 5,534.27 crore in the January-March quarter of FY'10 from Rs 4,816.01 crore of the corresponding period a year earlier, CPCL said in a filing to the Bombay Stock Exchange (BSE).
The company has declared a 120 per cent dividend.
For the full financial year ended March 31, 2010, the IOC-promoted firm posted a profit of Rs 603.22 crore. However, it had a loss of Rs 397.28 crore in the previous fiscal.
Total income decreased to Rs 25,207.73 crore in FY'10 from Rs 32,017.98 crore of the 2008-09 fiscal.
Shares of CPCL were quoting at Rs 253.50, down 1.05 per cent in the late afternoon trade on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app