Chennai Petroleum Corporation Ltd reports Rs 510.11 crore Q1 net profit

CHENNAI: Indian Oil Group company Chennai Petroleum Corporation Ltd (CPCL) has reported a net profit of Rs 510.11 crore for the first quarter ending June 30, 2014.

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

For the financial year ending March 31, 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 the financial year ending March 31, 2014 the total income from operations stood at Rs 49,342.63 crore.

Shares of the company were trading at Rs 87.35 apiece, down 0.34 per cent over previous close in the afternoon at BSE.