Chennai Petroleum Corporation Ltd. (CPCL), previously known as Madras refineries Ltd., has declared an impressive growth in topline. Under the industry restructuring the company is to be merged with Indian Oil Corporation (IOC).
Operating Profit (EBDIT)
Operating Profit Margin (%)
Profit before Tax
Profit after Tax/(Loss)
Net profit margin (%)
No. of Shares (m)
Diluted Earnings per share*
Operating profits of the company have increased sharply. OPM has risen by 250 basis points. This could be due to the reduction in crude (primary feedstock) prices over the third quarter of FY01. The company also seems to have worked on reducing its operating costs.
Due to improved margins the post tax profits have increased significantly. At Rs 32 the company trades on a multiple of 2.3x 3QFY01 annualised earnings.
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