Chennai Petroleum Q2 profit doubles
Company's total income rose to Rs 13,111.95 crore from Rs 7,787.01 crore, an increase of around 68%
Chennai Petroleum Corporation (CPCL's) net profit during the quarter ended September 30, 2013 almost doubled to Rs 120.34 crore during the quarter ended September 30, 2013 from Rs 59.11 crore, a year ago.
Company's total income rose to Rs 13,111.95 crore from Rs 7,787.01 crore, an increase of around 68%.
The performance comes on the back drop of increase in Gross Refining Margin (GRM) which was at $7.07 a barrel during the quarter as compared to $4.60 a year ago.
The company reported exchange fluctuation loss of Rs 305.57 crore during the quarter.
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First Published: Nov 07 2013 | 5:02 PM IST