Tamilnadu Petroproducts Limited (TPL), Chennai based Petrochemical manufacturing company, announced its Second quarter Unaudited Financial results for FY2024-25 today.

TPL posted a revenue of Rs, 455.66 crore compared to Rs. 467.41 crore in the preceding quarter and Rs. 441.35 crore in the corresponding quarter of the previous year. EBIDTA decreased by 3% vis-a-vis Q1FY25. The operating performance reflects stable demand and reduced realizations in the context of higher energy and input costs. TPL posted Q2 FY25 PAT at Rs. 2.83 crore as compared to Rs. 15.79 crore during Q2 FY24.

The company has incurred Rs. 1.62 crore during the quarter towards material damage and plant restoration activities (Michaung cyclone - Dec’2023). This has been recognized as an exceptional item.

Ashwin Muthiah, Vice Chairman of TPL and Founder Chairman of AM International, Singapore, stated, “Despite ongoing macroeconomic challenges, TPL has achieved revenue growth compared to the same period last year. Our focus on operational efficiency and cost management has been a key highlight. We remain committed to fostering long-term customer relationships while prioritizing environmentally friendly products and solutions.”