New Delhi: Tamilnadu Petroproducts Limited (TPL) reported a revenue of ₹465.13 crore for the third quarter of FY2024-25, an increase from ₹351.98 crore in the corresponding quarter of the previous year and ₹455.66 crore in the preceding quarter. EBITDA for the quarter stood at ₹22.71 crore, up from ₹11.68 crore in Q3 FY24 and ₹11.87 crore in Q2 FY25.
The company recorded a profit before tax (PBT) before exceptional items at ₹15.46 crore in Q3 FY25, compared to ₹18.06 crore in Q3 FY24 and ₹5.60 crore in Q2 FY25. After accounting for exceptional items, PBT stood at ₹14.60 crore in Q3 FY25, compared to ₹3.59 crore in Q3 FY24 and ₹3.98 crore in Q2 FY25. Profit after tax (PAT) was ₹10.31 crore in Q3 FY25, compared to ₹2.44 crore in Q3 FY24 and ₹2.83 crore in Q2 FY25.
The company incurred ₹0.86 crore during the quarter towards material damage and plant restoration activities following Cyclone Michaung in December 2023. The amount has been recorded as an exceptional item.
At its Board Meeting held on February 4, 2025, TPL elevated Whole-time Director (Operations) D Senthi Kumar as Managing Director with immediate effect. The Board also appointed Manish Nagpal as an Additional Director under the Non-Executive Non-Independent category and C Parthiban as Chief Financial Officer, effective February 12, 2025. The Board noted the completion of the tenure of K T Vijayagopal as Whole-time Director (Finance) and CFO, effective February 11, 2025, and acknowledged his contributions to the company.
Vice Chairman of TPL and Founder Chairman of AM International, Singapore, Ashwin Muthiah said, “Our Q3 results reflect revenue growth and increased profitability, despite macro-environment challenges. This performance stems from optimal production planning, efficient cost management, and improved realizations amid competition. We remain committed to sustainable manufacturing practices.”
