Shares of Tamilnadu Petroproducts Limited (TPL) surged 3.66%, trading at Rs 81.25 in early trade today, driven by strong Q3FY25 earnings. The company reported revenue growth, nearly doubled EBITDA, and significant improvement in net profit, attributed to optimal production, efficient cost control, and improved realizations.
Q3FY25 Key Financials:
- Revenue: Rs 465.13 crore, up from Rs 351.98 crore in Q3FY24
- EBITDA: Rs 22.71 crore, almost double the Rs 11.68 crore recorded in Q3FY24
- Net Profit (PAT): Rs 10.31 crore, compared to Rs 2.44 crore in the same quarter last year
The profit before tax (PBT) before exceptional items rose significantly to Rs 15.46 crore, compared to Rs 5.60 crore in the preceding quarter. However, the company reported an exceptional expense of Rs 0.86 crore due to cyclone-related damages and restoration activities.
Leadership Changes:
- Mr. D Senthi Kumar has been promoted to Managing Director
- Mr. Manish Nagpal has been appointed as an Additional Director
- Mr. C Parthiban will take over as Chief Financial Officer on February 12, 2025
Ashwin Muthiah, Vice Chairman of TPL, noted that the strong quarterly results demonstrate the company’s resilience amid macroeconomic challenges through strategic production planning and sustainable manufacturing practices.
Updated stock details:
- Current Price: Rs 81.25
- Previous Close: Rs 78.38
- Market Cap: Rs 731 crore
- Day’s Range: Rs 80.52 – Rs 83.00
- 52-Week Range: Rs 73.31 – Rs 114.00
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