Chennai Petroleum shares tumble 10% after Q1 profit drops sequentially, margins halve

Chennai Petro’s revenue from operations rose 43.5% sequentially to ₹29,358.8 crore, while total income increased to ₹29,376.5 crore. Profit before tax declined to ₹1,365.6 crore from ₹1,890.4 crore in the preceding quarter as total expenses increased sharply.

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