Chennai Petroleum Corporation disclosed a sharp rise in standalone net profit for the quarter ended June 2015. During the quarter, the profit of the company rose 81.04% to Rs 9,235.10 million from Rs 5,101.10 million in the same quarter last year.
Revenues for the quarter declined 30.30% to Rs 90,534.30 million, compared with Rs 129,894.40 million for the prior year period.
Total expenses as a percent of revenues decreased to 88.95 percent from 100.83 percent in the same period last year. This has led to an improvement of 1188 basis points in operating margin to 11.05 percent.
Operating margin for the quarter stood at positive 0.83 percent as compared to a negative 0.83 percent for the previous year period. Operating Income for the quarter was Rs 10,007.10 million, compared with an operating loss of Rs 1,079.60 million in the previous year period.
Earnings per share for the quarter stood at Rs 62.02, registering 81.03% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 15 | Jun - 14 | %Change |
| Revenues | 90,534.30 | 129,894.40 | (30.30) |
| Net Profit | 9,235.10 | 5,101.10 | 81.04 |
| Diluted EPS | 62.02 | 34.26 | 81.03 |
Shares of the company gained Rs 29.05, or 16.28%, to trade at Rs 207.50. The total volume of shares traded was 3,134,517 at the BSE (3.08 p.m., Monday).
