Tamilnadu Petroproducts records a 24% growth in revenue

CHENNAI Petroproductos of Tamil Nadu Limited ( TPL ) recorded a 24% increase in its total income during the first quarter of fiscal year 20, compared to the same period of the previous fiscal year.

Benefits after taxes ( PAT ) the margins expanded by more than 100%: from Rs 9.4 million rupees Q1FY19 to Rs 19.4 million rupees in Q1FY20. Earnings per share (EPS) also doubled to Rs 2.12 per share, according to a company statement.

Speaking on the results, Ashwin Muthiah, vice-chairman, TPL, said, “TPL has had a strong start to FY20. This was achieved through our strategy of streamlining operations through prudent inventory management, improving plant efficiency and other cost effectiveness measures. The positive start is encouraging, and we would endeavor to maintain this trend for the rest of the year and continue to deliver value to our shareholders in the remaining quarters. ”

Incorporated in the year 1984, Petroproductos of Tamil Nadu Limited ( TPL ) manufactures industrial intermediate chemicals.