TNPETRO2024-01-012024-03-31 TNPETRO2024-01-012024-03-31 TNPETRO2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member TNPETRO2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member TNPETRO2024-01-012024-03-31in-bse-fin:OneOperatingExpenses03Member TNPETRO2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member TNPETRO2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member TNPETRO2024-01-012024-03-31in-bse-fin:FourOperatingExpenses03Member TNPETRO2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500777 TNPETRO NOTLISTED Tamilnadu PetroProducts Limited Equity 2023-04-01 2024-03-31 2024-05-14 2024-05-07 INR Lakhs Yearly 14:30:00 17:45:00 2024-05-14 2024-05-14 true Cash Flow Indirect Declaration of unmodified opinion Single segment PETRO CHEMICALS 2024-01-01 2024-03-31 Audited Standalone 4377000000.00 93300000.00 4470300000.00 2719300000.00 0.00 -41600000.00 127400000.00 19800000.00 64600000.00 1453600000.00 4343100000.00 127200000.00 4500000.00 131700000.00 17800000.00 4300000.00 22100000.00 0.00 109600000.00 0.00 0.00 0.00 0.00 109600000.00 5100000.00 114700000.00 0.00 0.00 899700000.00 10 1.22 1.22 0.00 0.00 1.22 1.22 Notes to the Audited Standalone Financial Results: 1. The above financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on 14th May 2024 and have been subjected to Audit by the Statutory Auditors of the Company. The above results have been prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act 2013, read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter. 2. Manufacturing of Industrial Intermediate Chemicals is the single operating segment as defined in Ind AS 108 Operating Segments. 3. The lease relating to the land on which one of the manufacturing units of the Company is operating, expired on June 12, 2020, for which a request for renewal has been filed by the Company with Govt. of Tamilnadu. The management is confident of concluding an extended lease for a period normally fixed in this regard and has accordingly accounted for Right of Use Asset (ROUA) and corresponding lease liability based on indicative increase in lease rent as per the previous agreement. 4. During the quarter, the Company reversed a sum of Rs.448 lakhs of provision carried as at 31st March 2023 based on a legal opinion obtained on renewable power purchase obligation relating to captive generation of power restricting the same at 9.5% of units consumed instead of at defined minimum percentage under relevant TNERC notifications. 5. Exceptional item includes Rs. 1861 Lakh incurred during the year towards material damage and Plant restoration activities (Michaung cyclone – Dec23). Additionally Rs. 152 Lakh was incurred towards Asset Damage which is reflected in PPE. An amount of Rs. 459 Lakh has been received from the insurers as an adhoc amount pending assessment report from surveyor. This is disclosed as exceptional item. 6. The Board of Directors have recommended a dividend of Rs. 1.20 per share (12%) on 8,99,71,474 equity shares of Rs. 10 each for the Financial Year 2023-24 subject to approval of Members at the Annual General Meeting. 7. Previous year figures have been re-grouped / re-classified, where necessary to make it comparable with the current period. Single segment 2023-04-01 2024-03-31 Audited Standalone 16685700000.00 282900000.00 16968600000.00 9550000000.00 7400000.00 189000000.00 493800000.00 71800000.00 226300000.00 5720200000.00 16258500000.00 710100000.00 -140200000.00 569900000.00 121400000.00 20700000.00 142100000.00 0.00 427800000.00 0.00 0.00 0.00 0.00 427800000.00 -400000.00 427400000.00 0.00 0.00 899700000.00 10 7022700000.00 4.75 4.75 0.00 0.00 4.75 4.75 Other Expenses 355400000.00 Power and Fuel 968000000.00 Referral Charges 130200000.00 Other Expenses 1367400000.00 Power and Fuel 3593300000.00 Referral Charges 759500000.00 2935200000.00 494000000.00 0.00 0.00 106800000.00 0.00 0.00 0.00 1113700000.00 0.00 0.00 151100000.00 1264800000.00 0.00 237400000.00 5038200000.00 1228600000.00 0.00 961600000.00 50500000.00 2545600000.00 0.00 97800000.00 3655500000.00 146000000.00 164200000.00 5194300000.00 0.00 0.00 10232500000.00 899700000.00 7022700000.00 7922400000.00 7922400000.00 0.00 0.00 154100000.00 154100000.00 501900000.00 150000000.00 0.00 16200000.00 822200000.00 33300000.00 1016500000.00 173500000.00 1223300000.00 139300000.00 125300000.00 0.00 0.00 1487900000.00 0.00 0.00 2310100000.00 10232500000.00 Net of adjustment of Rs. 472.59 Lakh relating to depreciation on revaluation carried out on factory buildings which have reached their economic life in an earlier year (as already disclosed in the financial results for QE June23). 71700000.00 450800000.00 427000000.00 0.00 89800000.00 0.00 -11400000.00 0.00 0.00 90700000.00 0.00 23000000.00 0.00 226200000.00 0.00 0.00 0.00 -58300000.00 0.00 0.00 0.00 171300000.00 0.00 0.00 0.00 0.00 -47800000.00 -500000.00 0.00 1089900000.00 1659800000.00 0.00 0.00 0.00 146900000.00 0.00 1512900000.00 0.00 0.00 200000.00 80700000.00 0.00 0.00 0.00 0.00 58100000.00 448000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 148100000.00 0.00 -356100000.00 0.00 -678400000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 585900000.00 0.00 10400000.00 129800000.00 58100000.00 0.00 0.00 -784200000.00 50300000.00 0.00 50300000.00 200000.00 50500000.00 5300000.00 -535000.00 200000.00 -135000.00 0.00 0.00