Tamilnadu Petroproducts Ltd. announcesQ3FY20 results

Sales registered at INR 283.27crore; EBIDTA registers year-on-year increase of 9% at INR 26.11crore.

.TPL won an Appreciation Award at ‘Occupational Health, Safety and Environment Awards 2018’, for its safety-first culture

Tamilnadu Petroproducts Ltd. (TPL), a world-class heavy chemicals and Linear Alkyl Benzene (LAB) manufacturing arm of AM International - Singapore, announced its Q3FY20 results today.

Financials:

During Q3FY20, TPL clocked revenues of INR 283.27crore as compared to INR 304.69 crore in the same quarter last year. The company’s revenues for the 9-month period ended December’19 amounted to INR 969.81crorecompared to INR 918.16crore in the corresponding period of FY 18-19.

Standalone Quarterly Performance

Particulars      Q3FY19 (in INR)    Q3FY18 (in INR)

Revenues          283.27 crore          304.69 crore

EBITDA              26.11 crore              23.92 crore

PAT                    13.17 crore               14.13 crore

EPS                      1.46                          1.57

The EBIDTA registered an increase of 9% to INR 26.11 crore during the quarter as compared to INR23.92 crore in Q3FY19. PAT was at INR 13.17 crore as against INR 14.13 crore in Q3FY19, lower due to higher tax provision in the current quarter.

Highlights during the quarter:

TPL won ‘Occupational Health, Safety and Environment Awards 2018’,from National Safety Council – Tamilnadu Chapter, highlighting TPL’s commitment to safety and eco-consciousness, is a new feather in TPL’s cap.

Leadership Comment Mr. Ashwin Muthiah, Vice Chairman – TPL &Founding Chairman, AM International Group, Singapore:

“Despite the macroeconomic headwinds, TPL has delivered a stable performance. I attribute this solidity to our relentless focus on customer centricity, operational excellence and innovation. These factors will help us strengthen our efforts in the upcoming quarters. Further, I would like to congratulate the team on the recognition from the National Safety Council. The Occupational Health, Safety and Environment Appreciation Award demonstrates our commitment to a ‘Safety First’ culture across all our manufacturing facilities.”