This story is from July 31, 2019

Tamilnadu Petroproducts registers 24% growth in income

Tamilnadu Petroproducts Limited (TPL) posted a 24% increase in its total income during Q1 of FY 20, compared to the same period the previous fiscal.
Tamilnadu Petroproducts registers 24% growth in income
CHENNAI: Tamilnadu Petroproducts Limited (TPL) posted a 24% increase in its total income during Q1 of FY 20, compared to the same period the previous fiscal.
The profits after tax (PAT) margins expanded by over 100% - from Rs 9.4 crore Q1FY19 to Rs 19.4 crore in Q1FY20. The earnings per share (EPS) also doubled to Rs 2.12 per share, a statement from the company said.
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 endeavour 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, Tamilnadu Petroproducts Limited (TPL) manufactures industrial intermediate chemicals.
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