Chennai Petroleum Q2 Results: IOC arm slips into the red, revenue slides
Tue, Oct 22, 2024 7:08 PM

Chennai Petroleum Q2 Results: IOC arm slips into the red, revenue slides

A Flip by Avya Verma
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Chennai Petroleum Corporation Ltd, a subsidiary of Indian Oil Corporation (IOC), on Tuesday (October 22) reported a net loss of ₹633.7 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Chennai Petroleum Corporation posted a net profit of ₹1,195 crore. The company's revenue from operations fell 27% to ₹12,086.4 crore.

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