This chemical inventory engaged within the manufacture and sale of commodity petrochemicals, primarily linear alkyl benzene (LAB), caustic soda, and epichlorohydrin, surged 5.87 p.c after reporting sturdy December quarterly outcomes with a internet revenue improve of 157.71 p.c YoY.
Inventory Worth Motion
In Wednesday’s buying and selling session, Tamil Nadu Petro Merchandise Restricted’s share reached an intraday excessive of Rs. 82.79 per fairness share, rising 5.87 p.c from its earlier day’s shut value of Rs. 78.20. The inventory opened at Rs. 82.79 and is at present buying and selling at Rs. 79.77. The market capitalization now stands at roughly Rs. 717.70 crore.
Q3 FY25 Outcome Walkthrough
Coming into the quarterly outcomes of Tamil Nadu Petro Merchandise Restricted, the corporate’s consolidated income from operations elevated by 33.08 p.c YOY, from Rs. 345.88 crore in Q3 FY24 to Rs. 460.28 crore in Q3 FY25, and grew by 2.36 p.c QoQ from Rs. 449.68 crore in Q2 FY25.
Additional, the corporate’s EBITDA has elevated by 94.43 p.c from Rs. 11.68 crore in Q3 FY24 to Rs. 22.71 crore in Q3 FY25.
In Q3 FY25, Tamil Nadu Petro Merchandise Restricted’s consolidated internet revenue elevated by 157.71 p.c YOY, reaching Rs. 11.70 crore in comparison with Rs. 4.54 crore throughout the identical interval final 12 months. As in comparison with Q2 FY25, the online revenue has elevated by 147.88 p.c, from Rs. 4.72 crore.
The fundamental earnings per share elevated by 160 p.c and stood at Rs 1.30 as towards Rs 0.50 recorded in the identical quarter within the earlier 12 months 2024.
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Merchandise Providing
The corporate manufactures a wide range of petrochemical merchandise. Its essential product, linear alkyl benzene (LAB), generates 78% of income and is primarily utilized in detergents. The Heavy Chemical substances Division produces caustic soda, chlorine, and propylene oxide, contributing to TPL’s product diversification and trade attain.
Manufacturing Capability
As of September 2024, Tamil Nadu Petroproducts Restricted’s manufacturing capacities are 120,000 MTPA for linear alkyl benzene (LAB), 56,100 MTPA for caustic soda, and 15,000 MTPA for propylene oxide, supporting its various product vary and market demand.
Written By – NIkhil Naik
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