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Profit before tax (PBT) soared 310.6% to Rs 1,366.99 crore in Q4 FY22 from Rs 332.95 crore posted in Q4 FY21. Operating margin declined to 5.15% in Q4 FY22 as against 6.84% in Q4 FY21. Total expenses spiked by 80.5 % to Rs 14,832.44 crore in Q4 FY22 over Q4 FY21.
Crude throughput in Q4 FY22 stood at 2.906 MMT, up by 10.12% from 2.639 MMT recorded in Q4 FY21. Crude throughput for 9M FY22 was 9.040 MMT, up 9.67% YoY.
Average gross refining margin (GRM) for Q4 FY22 is $14.18 per barrel as against $ 6.40 per barrel during the period under review, registering a growth of 121.56% on YoY basis.
On a full year basis, the company reported a 465.1% increase in net profit to Rs 1,342.42 crore on a 93.3% rise in net sales to Rs 43,375.38 crore in FY22 over FY21.
Chennai Petroleum Corporation refines crude oil and markets petroleum and petrochemical products. Indian Oil Corporation held 51.89% stake in the company as on 31 March 2022.
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