Tamilnadu Petroproducts declines after reporting flat bottom line in Q1

Tamilnadu Petroproducts lost 2.55% to Rs 57.25 at 11:59 IST on BSE after the company reported a net profit of Rs 10.35 crore in Q1 June 2017, same as in Q1 June 2016.

The result was announced after market hours yesterday, 5 September 2017.

Meanwhile, the S&P BSE Sensex was down 158.67 points or 0.5% at 31,650.88. The S&P BSE Small-Cap index rose 42.07 points or 0.26% at 16,235.25.

On the BSE, 79,000 shares were traded on the counter so far as against the average daily volumes of 1.43 lakh shares in the past one quarter. The stock had hit a high of Rs 58.90 and a low of Rs 56.60 so far during the day. The stock had hit a 52-week high of Rs 61.50 on 24 July 2017 and a 52-week low of Rs 21 on 22 November 2016.

The stock had outperformed the market over the past one month till 5 September 2017, advancing 13.97% compared with the Sensex's 1.6% fall. The stock had also outperformed the market over the past one quarter, gaining 47.06% as against the Sensex's 1.6% rise. The scrip had also outperformed the market over the past one year, advancing 173.89% as against the Sensex's 11.49% rise.

The small-cap company has equity capital of Rs 89.97 crore. Face value per share is Rs 10.

Tamilnadu Petroproducts' net sales rose 24.1% to Rs 260.21 crore in Q1 June 2017 over Q1 June 2016.

Tamilnadu Petroproducts is engaged in the manufacturing and selling of petrochemical and chemical products, namely Linear Alkyl Benzene and Caustic Soda.

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