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Chennai Petro Posts Profit of Rs. 510 Crore in Q1

Indian Oil group company Chennai Petroleum Corporation Ltd (CPCL) has reported a net profit of Rs. 510.11 crore for the first quarter that ended on June 30, 2014.

The Chennai-based company had registered a net loss of Rs. 377.19 crore for the corresponding period last year, it said in a filing to the BSE.

For the financial year ended March, 2014, its net loss stood at Rs. 303.85 crore.

Total income from operations for the first quarter grew to Rs. 12,989.44 crore from Rs. 11,530.66 crore registered during the corresponding quarter a year ago.

For financial year 2013-14, total income from operations stood at Rs. 49,342.63 crore.

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