Tamilnadu Petroproducts reports Rs 3.27 crore PBT in Q4 due to Covid-19

The lower sales was mainly due to the annual turnaround undertaken during the quarter and also there was no sales during the last week of March 2020 due to the Covid-19 lockdown, said the company

Tamilnadu Petroproducts Limited (TPL), a chemicals manufacturing company, reported profit before tax (PT) of Rs 3.27 crore in the quarter ended March 31 compared to Rs 17.04 crore a year ago. Total income dropped to Rs 263.40 crore from Rs 334.13 crore.

The downturn was attributed to the annual turnaround undertaken during the quarter and zore sales in the last week of March 2020 when the company was locked down to contain the coronavirus, said the company.

Ashwin Muthiah, vice Chairman of TPL and founder chairman of AM International, Singapore, said that business performance is getting redefined in a post-Covid