Chennai, February 4, 2025
Tamilnadu Petroproducts Limited (NSE: TNPETRO, BSE: 500777) has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024 (Q3 FY2025). The results were approved by the Board of Directors on February 4, 2025, and have undergone a limited review by the company’s statutory auditors.Key Financial Highlights (Standalone)
Quarterly Performance (Q3 FY2025 vs Q3 FY2024)
| Particulars | Q3 FY2025 | Q3 FY2024 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹45,895 lakh | ₹34,544 lakh | +32.8% |
| Total Income | ₹46,513 lakh | ₹35,198 lakh | +32.1% |
| Profit Before Tax | ₹1,460 lakh | ₹359 lakh | +306.7% |
| Net Profit After Tax | ₹1,031 lakh | ₹244 lakh | +322.6% |
| Basic EPS (₹) | 1.15 | 0.31 | +270.9% |
Nine-Month Performance (9M FY2025 vs 9M FY2024)
| Particulars | 9M FY2025 | 9M FY2024 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹1,36,898 lakh | ₹1,22,813 lakh | +11.5% |
| Total Income | ₹1,38,820 lakh | ₹1,24,983 lakh | +11.1% |
| Profit Before Tax | ₹3,708 lakh | ₹5,699 lakh | -35.0% |
| Net Profit After Tax | ₹2,651 lakh | ₹3,182 lakh | -16.7% |
| Basic EPS (₹) | 2.95 | 3.54 | -16.7% |
Key Financial Highlights (Consolidated)
Quarterly Performance (Q3 FY2025 vs Q3 FY2024)
| Particulars | Q3 FY2025 | Q3 FY2024 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹45,895 lakh | ₹34,544 lakh | +32.8% |
| Total Income | ₹46,682 lakh | ₹35,795 lakh | +30.5% |
| Profit Before Tax | ₹1,614 lakh | ₹569 lakh | +183.6% |
| Net Profit After Tax | ₹1,170 lakh | ₹472 lakh | +148.1% |
| Basic EPS (₹) | 1.30 | 0.52 | +150.0% |
Nine-Month Performance (9M FY2025 vs 9M FY2024)
| Particulars | 9M FY2025 | 9M FY2024 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹1,39,430 lakh | ₹1,25,616 lakh | +11.0% |
| Total Income | ₹1,41,352 lakh | ₹1,29,250 lakh | +9.4% |
| Profit Before Tax | ₹4,259 lakh | ₹6,483 lakh | -34.3% |
| Net Profit After Tax | ₹3,147 lakh | ₹3,777 lakh | -16.7% |
| Basic EPS (₹) | 3.42 | 4.20 | -18.6% |
Segment-Wise Performance
- The company continues to operate in a single business segment - Industrial Intermediate Chemicals, as per Ind AS 108.
- The revenue surge in Q3 FY2025 was driven by higher demand for chemical intermediates and improved realizations.
Exceptional Items & Notable Adjustments
- The Q3 FY2025 results include an interim insurance claim settlement for expenses incurred due to plant restoration after the Michaung Cyclone (December 2023).
- A lease renewal request has been filed for one of the company’s manufacturing units with the Tamil Nadu government. The company has accounted for the Right of Use Asset (ROUA) and corresponding lease liability based on an indicative increase in lease rent.
Auditor’s Observations
- Standalone & Consolidated Reports: The financials were reviewed under SEBI Regulation 33 and Ind AS 34.
- The auditors expressed no material misstatements and confirmed compliance with accounting principles generally accepted in India.
- The financials include unaudited figures from two subsidiaries: Certus Investment and Trading Limited, Mauritius, and Certus Investment and Trading (S) Limited, Singapore.
Management Commentary
K T VijayaGopal, Whole-Time Director (Finance) & CFO, stated:Outlook & Strategic Focus
- Cost Management & Efficiency: The company is focusing on operational efficiency improvements to mitigate margin pressures.
- Expansion & Lease Renewal: The ongoing lease extension for manufacturing units is expected to ensure continuity in production capacity.
- Insurance Claim Settlements: The company is pursuing further claims related to cyclone-induced disruptions.
- Sustainable Growth Strategy: Tamilnadu Petroproducts Limited remains committed to long-term shareholder value creation through process enhancements and market expansion.