Tamilnadu Petroproducts profit rises 90% in Q1

Our Bureau | | Updated on: Jul 31, 2019

Tamilnadu Petroproducts Ltd (TPL) has reported a 90 per cent increase in its net profit to ₹19 crore for Q1 FY20, against ₹10 crore in the same period last year. Revenue increased 24 per cent to ₹348 crore (₹278 crore).

This is the company’s best quarterly performance in the last 15 years, said a press release. It attributed it to the streamlining of operations through prudent inventory management and better plant efficiency.

Published on July 31, 2019
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