Chennai Petroleum Corporation Limited (CPCL), a subsidiary of Indian Oil Corporation, has reported its financial results for the quarter ended December 31, 2024. The company posted a sharp decline in profit and revenue compared to the same period last year.
Key highlights for Q3 FY25 (Three months ended December 31, 2024):
- Revenue from operations: ₹15,683.25 crore, down 23.6% from ₹20,453.94 crore in Q3 FY24.
- Net profit: ₹20.78 crore, a significant drop of 96.7% compared to ₹633.69 crore in Q3 FY24.
Nine-month performance (April–December 2024):
- Revenue from operations: ₹50,469.31 crore, a 13.7% decline from ₹58,449.59 crore during the same period last year.
- Net loss: ₹255.83 crore, compared to a profit of ₹2,117.19 crore in the nine months ended December 31, 2023.
Observations:
- The company faced headwinds in the quarter, including a sharp drop in profits and revenue. The nine-month period also reflects a challenging operating environment, with losses being recorded.
Disclaimer: The above content is based on unaudited financial results released by Chennai Petroleum Corporation Limited. Investors are advised to review the official filings for detailed insights.
