Tamilnadu Petro Q2 profit surges to ₹45.20 crore
The Hindu
Tamilnadu Petroproducts Ltd. (TPL), standalone net profit for the second quarter ended September rose 83% to ₹45.20 crore.The city-based petrochemical manufacturing firm and part of AM International,
Tamilnadu Petroproducts Ltd. (TPL), standalone net profit for the second quarter ended September rose 83% to ₹45.20 crore.
The city-based petrochemical manufacturing firm and part of AM International, Singapore, posted revenue from operations of ₹458 crore against ₹284 crore in the corresponding year-earlier period, it said in a statement.
The financial results demonstrate that the company’s business strategy of focusing on customers while maintaining revenues is working well, said Ashwin Muthiah, vice-chairman, TPL.
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