 "Chennai Petroleum extends gain on strong Q3 results")
Chennai Petroleum Corporation (CPCL) has rallied 12% to Rs 177, extending its 9% gain in past three trading sessions on the BSE, after the company reported a profit of Rs 34 crore during the quarter ended December 31, 2015 as compared to loss of Rs 681 crore, a year ago.
Total income dropped to Rs 5,088 crore during the third quarter as compared to Rs 9,436 crore, a year ago.
CPCL said that the company's average gross refining margin for the period April to December 2015 is $5.36 a bbl as compared to $0.63 a bbl April to December 2014.
For the nine month ended December 2015, the company reported net profit of Rs 505 crore against a loss of Rs 404 crore in the same period last year. It had posted loss of Rs 39 crore in entire previous fiscal 2014-15.
The trading volumes on the counter more than doubled with a combined 913,871 equity shares changed hands on the BSE and NSE at 02:39 PM.
Total income dropped to Rs 5,088 crore during the third quarter as compared to Rs 9,436 crore, a year ago.
CPCL said that the company's average gross refining margin for the period April to December 2015 is $5.36 a bbl as compared to $0.63 a bbl April to December 2014.
For the nine month ended December 2015, the company reported net profit of Rs 505 crore against a loss of Rs 404 crore in the same period last year. It had posted loss of Rs 39 crore in entire previous fiscal 2014-15.
The trading volumes on the counter more than doubled with a combined 913,871 equity shares changed hands on the BSE and NSE at 02:39 PM.