Left Menu
Development News Edition

Tamilnadu Petro Apr-June consolidated net up 97.7%

PTI | Chennai | Updated: 31-07-2019 20:14 IST | Created: 31-07-2019 20:14 IST
Tamilnadu Petro Apr-June consolidated net up 97.7%

Tamilnadu Petro Apr-June consolidated net up 97.7% Chennai, July 31 (PTI): Industrial chemicals manufacturer Tamilnadu Petroproducts Ltd Wednesday posted a 97.7 per cent rise in its consolidated net profits for the April-June quarter to Rs 19.91 crore. The city-based company had registered consolidated net profits at Rs 10.07 crore in the corresponding quarter of the previous year.

For the year ending March 31, 2019 consolidated net profits were at Rs 57.03 crore. Consolidated total income for the April-June quarter grew to Rs 345.42 crore from Rs 278.07 crore registered in the same period of last fiscal.

For the full year ending March 31, 2019, total income was at Rs 1,255.46 crore. Commenting on the financial performance, company Vice Chairman, Ashwin Muthiah said "TPL has had a strong start to FY20. The results show that the company has bucked the general trend." "This was achieved through our strategy of streamlining operations through prudent inventory management, improving plant efficiency and other cost effectiveness measures", he said.

"..we would endeavour to maintain this trend for the rest of the year and continue to deliver value to our shareholders in the remaining quarters", he said. The results were the company's best ever performance in the last 15 years, the release said..


TRENDING

OPINION / BLOG / INTERVIEW

South Africa's COVID-19 response: Surprising outcomes or just poor data management?

South Africa has been committed to improving its health information system and shows that a robust digital has considerable scope to improve healthcare for the entire population. But the COVID-19 pandemic has highlighted that significant ga...

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Videos

Latest News

UP police 'detained' Bhim Army chief Chandrashekhar Azad, its Delhi unit head, allege their associates

Bhim Army chief Chandrashekhar Azad and its Delhi unit head Himanshu Balmiki have been detained by the Uttar Pradesh police while on their way to Hathras accompanying the family of the 19-year-old Dalit gang-rape victim, his associates alle...

Pepper India Resolution Appoints LeadSquared to Digitize their Debt Recovery Process

Bangalore, Karnataka, India NewsVoir With multiple lenders and debt recovery agencies still following traditional means of collection and servicing, Pepper India Resolution part of Pepper Group, a well-established global credit provider wi...

Uganda: Cabinet approves plan to construct roads linking with Eastern DR Congo

The Ugandan Cabinet has approved a plan to construct roads linking the country with the Eastern Democratic Republic of Congo DRC, according to a news report by Chimp Reports.Officials said that the 223km road network running from the Uganda...

INSIGHT-Height of fashion? Clothes mountains build up as recycling breaks down

Clothes recycling is the pressure-release valve of fast fashion, and its breaking under COVID-19 curbs. The multi-billion-dollar trade in second-hand clothing helps prevent the global fashion industrys growing pile of waste going straight t...

Give Feedback