CPCL net profit at Rs 139 cr

Chennai Petroleum Corporation, a subsidiary of the Indian Oil Corporation, today reported a net profit of Rs 139.2 crore for the second quarter ended September 30, 2009.

The company had a net loss of Rs 102.66 crore in the September quarter of previous fiscal, CPCL said in a filing to the Bombay Stock Exchange.

Total income, however, declined to Rs 6,985.68 crore during the July-September quarter of the current fiscal, from Rs 10,299.10 crore in the corresponding period a year ago.

CPCL's gross refining margin for the quarter stood at $4.18/bbl, while it was at $1.68/bbl in the same period last year.

Shares of CPCL were trading at Rs 216.20, down 3.31 per cent over previous close on the BSE.