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Business News/ Companies / Chennai Petroleum Q4 net dips 27% to Rs265 crore
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Chennai Petroleum Q4 net dips 27% to Rs265 crore

Net sales declines to `5,863.51 crore for the fourth quarter

Shares of the company on Monday ended 0.68% lower at `203 apiece on BSE.Premium
Shares of the company on Monday ended 0.68% lower at `203 apiece on BSE.

New Delhi: Chennai Petroleum Corporation on Monday reported a 27.14% decline in net profit at 265.59 crore for the quarter ended 31 March 2016.

The company had posted a net profit of 364.57 crore during the same period of the previous fiscal.

Net sales of the company declined to 5,863.51 crore for the fourth quarter, as compared to 8,813.99 crore during the same period of previous fiscal, Chennai Petroleum Corporation said in a regulatory filing.

For the year ended 31 March the company posted a consolidated net profit of 790.30 crore. It had a net loss of 33.26 crore for 2014-15 fiscal. Net sales for the fiscal ended March 31 stood at 26,267.93 crore as compared to 42,108.04 crore during the 2014-15 fiscal.

The company’s board, which met on Monday, approved a dividend of 40% on equity share capital 4 per share for the year 2015-16.

Shares of the company on Monday ended 0.68% lower at 203 apiece on BSE.

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Published: 23 May 2016, 08:00 PM IST
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