: Industrial chemicals manufacturer Tamilnadu Petroproducts Ltd Wednesday posted a 97.7 per cent rise in its consolidated net profits for the April-June quarter to Rs 19.91 crore.
The city-based company had registered consolidated net profits at Rs 10.07 crore in the corresponding quarter of the previous year.
For the year ending March 31, 2019 consolidated net profits were at Rs 57.03 crore.
Consolidated total income for the April-June quarter grew to Rs 345.42 crore from Rs 278.07 crore registered in the same period of last fiscal.
For the full year ending March 31, 2019, total income was at Rs 1,255.46 crore.
Commenting on the financial performance, company Vice Chairman, Ashwin Muthiah said "TPL has had a strong start to FY20. The results show that the company has bucked the general trend."
Disclaimer: No Business Standard Journalist was involved in creation of this content
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