Tamilnadu Petroproducts Limited (TPL), Chennai based petrochemical manufacturing company and part of AM International Singapore has reported Q3 FY22 revenues of Rs. 452.19 crore, an increase of 54.3%

 

TPL posted a revenue of Rs. 452.19 crore compared to Rs. 293.15 crore in the corresponding quarter of the previous year. Net Earnings nearly doubled to reach Rs. 46.95 crore vis-a-vis Q3 FY21 earnings of Rs. 21.87 crore. 

 

Ashwin Muthiah, Vice Chairman, TPL and Founder Chairman, AM International, Singapore said, "TPL's continued robust performance despite the pandemic related challenges demonstrates the company's inherent ability to deliver despite external challenges. Going ahead, the company may face increased price pressure with the resumption of global trade and Indian imports. However, we are building a resilient organization that is future-ready to meet any changing market dynamics."

 

Muthukrishnan Ravi, CEO, Petrochemicals Division of AM International group said, "TPL has maintained its performance thanks to demand and price trends continuing for LAB. 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 stabilizing, and meeting supply commitments is a good sign. The company's market leadership and customer confidence would help sustain the present trend."

 

Incorporated in 1984, TPL is one of the leading manufacturers of industrial intermediate chemicals, viz., Lenora Alkyl Benzene, Caustic Soda and Propylene Oxide in the country. The Company also sells Chlorine as a co-product of Caustic Soda.