Chennai: Tamilnadu Petroproducts Limited has announced its first quarter results for FY2022.
TPL posted an increase of about 32 per cent in its revenue in Q1 FY 21-22 over the preceding quarter and EBIDTA went up by about 9.50 per cent.
Compared to the preceding quarter of the previous financial year, which witnessed strict lockdowns and related restrictions, during the latest quarter the sales have doubled and the profits tripled.
N Muruganandam, Principal Secretary, Industries has been appointed as the non-executive chairman of the Board and Pankaj Kumar Bansal, CMD of TIDCO and R Bhuvaneswari, GM, TIDCO as non-executive directors.