Chennai Petroleum Corporation announced the appointment of Arvinder Singh Sahney, Chairman, IOCL (DIN: 10652030) as Director on Board of the company with effect from 28 November 2024. Powered by Capital Market - Live

In an exchange filing, it has said notice has been issued seeking a reply as to why environmental compensation of Rs 73.68 crore as socioeconomic damage cost and environment damage cost caused due to oil spill shall not be levied. The company said that there was no impact on the operation and other activities. It was examining the notice legally, and appropriate action will be initiated. The National Green Tribunal (NGT) issued notice to the Government of Tamil Nadu, and TNPCB also made CPCL a party. The company, along with the state government, has taken adequate measures for cleaning and rehabilitation of the affected areas. The matter is pending for further hearing. Chennai Petroleum Corporation (CPCL), one of the leading group companies of Indian Oil Corporation, is one of the most complex refineries of its kind in the country, producing an array of value-added petroleum products. As of 30 September 2023, Indian Oil Corporation held a 51.89% stake in CPCL. The petroleum refineries reported a standalone net loss of Rs 629.49 crore in Q2 FY25 as against a net profit of Rs 1,190.56 crore in Q2 FY24. However, revenue from operations (excluding excise duty) fell 26.9% to Rs 12,086.54 crore in the quarter ended 30 September 2024 from Rs 16,544.56 crore recorded in the corresponding quarter previous year. The counter rose 1.98% to Rs 595.25 on the BSE.Powered by Capital Market - Live

Rajesh Exports Ltd, Gujarat Fluorochemicals Ltd, ABB India Ltd and Mahindra & Mahindra Financial Services Ltd are among the other losers in the BSE's 'A' group today, 23 October 2024.Chennai Petroleum Corporation Ltd lost 10.60% to Rs 786.05 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.64 lakh shares were traded on the counter so far as against the average daily volumes of 47898 shares in the past one month.Rajesh Exports Ltd tumbled 8.02% to Rs 242. The stock was the second biggest loser in 'A' group.On the BSE, 76909 shares were traded on the counter so far as against the average daily volumes of 34247 shares in the past one month.Gujarat Fluorochemicals Ltd crashed 5.47% to Rs 4456.05. The stock was the third biggest loser in 'A' group.On the BSE, 14594 shares were traded on the counter so far as against the average daily volumes of 10434 shares in the past one month.ABB India Ltd corrected 5.41% to Rs 7732.35. The stock was the fourth biggest loser in 'A' group.On the BSE, 8313 shares were traded on the counter so far as against the average daily volumes of 8915 shares in the past one month.Mahindra & Mahindra Financial Services Ltd fell 5.03% to Rs 267.4. The stock was the fifth biggest loser in 'A' group.On the BSE, 3.64 lakh shares were traded on the counter so far as against the average daily volumes of 1.55 lakh shares in the past one month.Powered by Capital Market - Live

However, revenue from operations (excluding excise duty) fell 26.9% to Rs 12,086.54 crore in the quarter ended 30 September 2024 from Rs 16,544.56 crore recorded in the corresponding quarter previous year. The firm reported a pre-tax loss of Rs 857.37 crore in the second quarter of FY25 compared with profit before tax of Rs 1,587.86 crore posted in same period a year ago. Total expenses declined 16.94% YoY to Rs 15,304.90 crore during the quarter. Cost of raw materials consumed stood at Rs 11,638.58 crore (down 24.41% YoY) while employee benefits expense was at Rs 115.88 crore (down 14.64% YoY). During the period under review, crude throughput stood at 2.098 MMT, registering de-growth of 31.19% from 3.049 MMT reported in the same period last year. On half yearly basis, the company reported net loss of Rs 286.89 crore in H1 FY25 as against net profit of Rs 1,738.88 crore in H1 FY24. Net sales declined 6.7% YoY to Rs 29,181.52 crore in the half year ended 30 September 2024. Average gross refining margin (GRM) for the period April 2024 to September 2024 was $2.93 per barrel as against $10.34 per barrel reported in April 2023 to September 2023. Chennai Petroleum Corporation (CPCL), one of the leading group companies of Indian Oil corporation, is one of the most complex refineries of its kind in the country, producing an array of value-added petroleum products. As on 30 September 2023, Indian Oil Corporation held 51.89% stake in CPCL. Powered by Capital Market - Live

Net loss of Chennai Petroleum Corporation reported to Rs 633.69 crore in the quarter ended September 2024 as against net profit of Rs 1195.41 crore during the previous quarter ended September 2023. Sales declined 26.95% to Rs 12086.40 crore in the quarter ended September 2024 as against Rs 16544.64 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales12086.4016544.64 -27 OPM %-5.5810.91 - PBDT-708.091749.26 PL PBT-861.571592.71 PL NP-633.691195.41 PL Powered by Capital Market - Live

Chennai Petroleum Corporation will hold a meeting of the Board of Directors of the Company on 22 October 2024.Powered by Capital Market - Live

Net profit of Chennai Petroleum Corporation declined 35.84% to Rs 357.03 crore in the quarter ended June 2024 as against Rs 556.50 crore during the previous quarter ended June 2023. Sales rose 15.94% to Rs 17094.98 crore in the quarter ended June 2024 as against Rs 14744.80 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales17094.9814744.80 16 OPM %3.886.44 - PBDT634.34902.92 -30 PBT484.07755.62 -36 NP357.03556.50 -36 Powered by Capital Market - Live