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Chennai Petroleum Corporation reports 93% fall in Q2 consolidated net profit

Chennai Petroleum Corporation has reported results for second quarter ended September 30, 2018.

The company has reported a fall of 91.42% in its net profit at Rs 27.04 crore for the quarter under review as compared to Rs 315.08 crore for the same quarter in the previous year. However, total income of the company increased by 43.77% at Rs 15,103.97 crore for Q2FY19 as compared Rs 10,505.75 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 92.50% in its net profit at Rs 23.61 crore for the quarter under review as compared to Rs 314.84 crore for the same quarter in the previous year. However, total income of the company increased by 43.79% at Rs 15,098.06 crore for Q2FY19 as compared Rs 10,499.82 crore for the corresponding quarter previous year.