CPCL net falls 50% to Rs 97.3 cr

MUMBAI: State-owned Chennai Petroleum Corporation (CPCL) on Tuesday reported a 50.5% drop in net profit at Rs 97.3 crore for the quarter ended September 30 as compared to Rs 196.4 crore in the same period a year ago.

However, total income (net of excise) increased 21.2% to Rs 6,621.5 crore for the second quarter this fiscal as against Rs 5,465.2 crore in the corresponding period of the previous year, CPCL, a group company of Indian Oil, informed stock exchanges. Shares of the PSU closed at Rs 182.4, down 1.49% on the BSE