Chennai: Indian Oil group company Chennai Petroleum Corporation Ltd (CPCL) has reported a net profit of Rs 510.11 crore for the first quarter that ended on June 30, 2014.
The Chennai-based company had registered a net loss of Rs 377.19 crore for the corresponding period last year, it said in a filing to the BSE.
For the financial year ended March, 2014, its net loss stood at Rs 303.85 crore.
Total income from operations for the first quarter grew to Rs 12,989.44 crore from Rs 11,530.66 crore registered during the corresponding quarter a year ago.
For financial year 2013-14, total income from operations stood at Rs 49,342.63 crore.
As of 2:42 p.m., shares in Chennai Petroleum were trading at Rs 87.90 apiece on the BSE, up 0.29 per cent from the previous close.