Chennai Petroleum tumbles over 15% as profit falls 99% QoQ
Shares of , a subsidiary of , tumbled 15.3% to Rs 198.30 in Thursday’s intraday trade after the company recorded a 99% sequential decline in standalone profit at Rs 27.88 crore in Q2FY23 as against Rs 2,358 crore in Q1 FY23, impacted by windfall tax on exports. The standalone net profit slumped 57.4% to Rs … Read more