- News |
-
- Featured
-
Canada’s privacy commissioner launches investigation over the use..
As the years pass by, technology also widens, and more and more are being discovered. From simple gadgets..
- Business |
-
- Featured
-
Be an informer to I-T dept; earn up..
Sharing "specific information" with the income tax department about any benami..
- Tech & Industry |
-
- Featured
-
Gravitational wave event likely signaled birth of black..
The merger of two neutron stars that generated gravitational waves detected last year may have led to the birth..
- Entertainment |
-
- Topics
- Malayalam Film
- Media
- Music
- Youth
-
- Featured
-
Shawn Mendes Released Highly Anticipated Self-Titled Album Today
Los Angeles, CA : Multi-Platinum singer/songwriter Shawn Mendes released his highly anticipated self-titled third album today, via Island Records. Get..
-
- New Products |
-
- Topics
- General
-
- Featured
-
ZOTAC Introduces Its GeForce GTX 960 series graphics..
Dubai- ZOTAC International, a leading innovator and manufacturer of graphic cards and mini-
-
- Education |
-
- Topics
- Campus News
-
- Featured
-
ITM University, Gurgaon Student Palash Chhabra Represents Varsity..
New Delhi: Palash Chhabra, a student of ITM University,..
-
- Health |
-
- Topics
- Medical News
-
- Featured
-
Maharshi Shushruta, The Great Grandfather of Surgery!
by Ayurvedacharya Dr.Hitesh Jani Dr.Hitesh Jani
-
- Tourism |
-
- Topics
- Travel
- Food&Beverages
- Hospitality
-
- Featured
-
“Keraliya Ayurveda is Credible and Authentic”
Irina Gurjeva Irina Gurjeva is not just another vacationer in..
-
- Sports |
- Editor's column |
- Magazine |
Tamilnadu Petroproducts improves revenue and operating profits in Q1 FY21-22
Published on August 10, 2021
Total income doubled and earnings tripled over Q1 FY20-21
New Delhi: Tamilnadu Petroproducts Limited (TPL), Chennai based Petrochemical manufacturing company and part of AM International – Singapore, announced its first quarter results for FY2022 today.
Financials:
TPL posted an increase of about 32% in its revenue in Q1 FY 21-22 over the preceding quarter and EBIDTA went up by about 9.50%. Compared to the preceding quarter of the previous financial year, which witnessed strict lockdowns and related restrictions, during the latest quarter the sales have doubled and the profits tripled.
In comparison to the last quarter of the previous year, PBT and PAT for the quarter are higher by about 14% and 44% without (reckoning) considering the exceptional credits in that quarter.
Financial Performance
(In INR crore)
| Particulars | Stand Alone | ||
| Quarterly | |||
| Q1FY22 | Q1FY21 | Q4FY21 | |
| Revenues | 464.37 | 221.67 | 352.55 |
| EBITDA | 81.21 | 23.90 | 74.19 |
| PBT | 74.09 | 16.59 | 89.86 |
| PAT | 54.64 | 12.41 | 62.73 |
Other information :
Mr. N Muruganandam, IAS, Principal Secretary, Industries has been appointed as the Non-Executive Chairman of the Board and Mr. Pankaj Kumar Bansal, IAS, CMD of TIDCO and Ms. R Bhuvaneswari, GM, TIDCO as Non-Executive Directors, all nominated by TIDCO. The Board has decided to hold the annual meeting of the shareholders on 15th September 2021 through virtual mode.
Leadership Comment:
Mr. Ashwin Muthiah, Vice Chairman – TPL and Founder Chairman, AM International, Singapore said: TPL’s healthy results showcase the company’s continued focus on efficient operations and profitable growth. The State Government of Tamil Nadu’s support will help us speed up our various projects, further benefitting the company in terms of modern technology, capacity expansion and environmentally friendly operations. I congratulate and wish my colleagues at TPL good health and safety during the current times.
Tamilnadu Petroproducts Limited
Mr. Muthukrishnan Ravi, CEO, Petrochemicals Division of AM International group said that TPL, taking advantage of the global market conditions, has continued to improve its performance over the preceding periods. The full benefits of the NP capacity augmentation are being realized, he added.
