Tamilnadu Petroproducts Ltd (TPL) standalone net profit for the third quarter ended December more than doubled to ₹47 crore from ₹22 crore.
TPL posted a revenue from operations of ₹448 crore against ₹289 crore in the corresponding year-earlier period, the company said in a regulatory filing.
“Going ahead, the company may face increased price pressure with the resumption of global trade and Indian imports. However, we are building a resilient organisation that is future-ready to meet any changing market dynamics,” said vice chairman Ashwin Muthiah.
“Ups and downs in chlor-alkali off-take are a concern, further accentuated by direct and indirect imports of these products. However, the PO unit stabilising, and meeting supply commitments is a good sign. The company’s market leadership and customer confidence would help sustain the present trend,” said Muthukrishnan Ravi, CEO, Petrochemicals Division of AM International Group.