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Chennai Petroleum Corporation trades higher despite reporting 38% fall in Q3 consolidated net profit
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Chennai Petroleum Corporation is currently trading at Rs. 233.45, up by 4.05 points or 1.77% from its previous closing of Rs. 229.40 on the BSE.
The scrip opened at Rs. 232.05 and has touched a high and low of Rs. 243.70 and Rs. 231.90 respectively. So far 244780 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 417.95 on 08-Jun-2022 and a 52 week low of Rs. 94.65 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 243.70 and Rs. 224.50 respectively. The current market cap of the company is Rs. 3476.34 crore.
The promoters holding in the company stood at 67.29%, while Institutions and Non-Institutions held 8.32% and 24.40% respectively.
Chennai Petroleum Corporation has reported results for third quarter ended December 31, 2022.
The company has reported fall of 37.53% in its net profit at Rs 142.95 crore for Q3FY23 as compared to Rs 228.83 crore for the corresponding quarter previous year. However, total income of the company increased by 41.39% to Rs 19218.37 crore for the quarter under review as compared to Rs 13592.27 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported fall of 37.96% in its net profit at Rs 144.20 crore for Q3FY23 as compared to Rs 232.44 crore for the same quarter in the previous year. However, total income of the company increased by 41.39% to Rs 19218.37 crore for the quarter under review as compared to Rs 13592.27 crore for the same quarter in the previous year.
