 "Chennai Petroleum extends gain on strong Q3 results")
Chennai Petroleum Corporation (CPCL) has rallied 12% to Rs 177, extending its 9% gain in past three trading sessions on the BSE, after the company reported a profit of Rs 34 crore during the quarter ended December 31, 2015 as compared to loss of Rs 681 crore, a year ago.
Total income dropped to Rs 5,088 crore during the third quarter as compared to Rs 9,436 crore, a year ago.
CPCL said that the company's average gross refining margin for the period April to December 2015 is $5.36 a bbl as compared to $0.63 a bbl April to December 2014.
For the nine month ended December 2015, the company reported net profit of Rs 505 crore against a loss of Rs 404 crore in the same period last year. It had posted loss of Rs 39 crore in entire previous fiscal 2014-15.
The trading volumes on the counter more than doubled with a combined 913,871 equity shares changed hands on the BSE and NSE at 02:39 PM.
Total income dropped to Rs 5,088 crore during the third quarter as compared to Rs 9,436 crore, a year ago.
CPCL said that the company's average gross refining margin for the period April to December 2015 is $5.36 a bbl as compared to $0.63 a bbl April to December 2014.
For the nine month ended December 2015, the company reported net profit of Rs 505 crore against a loss of Rs 404 crore in the same period last year. It had posted loss of Rs 39 crore in entire previous fiscal 2014-15.
The trading volumes on the counter more than doubled with a combined 913,871 equity shares changed hands on the BSE and NSE at 02:39 PM.
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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%