{"id":380086,"date":"2020-10-23T08:51:11","date_gmt":"2020-10-23T03:21:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=380086"},"modified":"2020-10-23T10:04:43","modified_gmt":"2020-10-23T04:34:43","slug":"chennai-petroleum-freezes-in-20-upper-circuit-on-healthy-q2-results","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/chennai-petroleum-freezes-in-20-upper-circuit-on-healthy-q2-results\/","title":{"rendered":"Chennai Petroleum freezes in 20% upper circuit on healthy Q2 results"},"content":{"rendered":"<p>Shares of Chennai Petroleum Corporation were locked in the 20 per cent upper circuit band at Rs 81.35 on the BSE on Thursday after it reported a consolidated net profit of Rs 291 crore for September quarter (Q2FY21). The company, engaged in petroleum sector, had posted a loss of Rs 213 crore in Q2FY20. <\/p>\n<p>For the period April \u2013 September&#8217;2020 Gross Refining Margin was US$ 9.70 per bbl against $2.03 per bbl for the same period last fiscal. The average gross refining margins (GRM) were healthy mainly due to favourable increase in prices of crude and products. <\/p>\n<p>Consolidated Ebitda (earnings before interest, taxes, depreciation, and amortization) for the quarter stood at Rs 608 crore as compared to a loss of Rs 115 crore in Q2FY20.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Chennai Petroleum Corporation were locked in the 20 per cent upper circuit band at Rs 81.35 on the BSE on Thursday after it reported a consolidated net profit of Rs 291 crore for September quarter (Q2FY21). The company, engaged in petroleum sector, had posted a loss of Rs 213 crore in Q2FY20. For the period April \u2013 September&#8217;2020 Gross Refining Margin was US$ 9.70 per bbl against $2.03 per bbl for the same period last fiscal. The average gross refining margins (GRM) were healthy mainly due to favourable increase in prices of crude and products. Consolidated Ebitda (earnings [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-380086","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=380086"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380086\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=380086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=380086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=380086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}