Tamilnadu Petroproducts reports doubling of profit

Chennai: Tamilnadu Petroproducts Limited has said its profits in Q3FY22 doubled when compared to last year.

‘TPL posted a revenue of Rs 452.19 crore compared to Rs 463.43 in the preceding quarter and Rs 293.15 crore in the corresponding quarter of the previous year. Net Earnings nearly doubled vis-à-vis Q3FY21 and higher than the preceding quarter,’ said a press release.

‘Revenue for the nine months ended 31 December 2021 was Rs 1379.99 crore against Rs 802.82 crore in the nine months ended of the last year,’ it added.