CHENNPETRO2020-04-012020-06-30in-bse-fin:OneOperatingExpenses01Member CHENNPETRO2020-04-012020-06-30in-bse-fin:OneOperatingExpenses02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares CHENNPETRO 2020-04-01 2021-03-31 2020-07-16 INR Crores First quarter Single segment Manufacturing of Petroleum and Petrochemical Products 2020-04-01 2020-06-30 Unaudited Standalone 59409200000.00 455200000.00 59864400000.00 15354900000.00 45300000.00 3946100000.00 1395200000.00 1242800000.00 1132100000.00 32447700000.00 55564100000.00 4300300000.00 0.00 4300300000.00 0.00 1584000000.00 1584000000.00 0.00 2716300000.00 0.00 0.00 0.00 0.00 2716300000.00 0.00 2716300000.00 0.00 0.00 1489100000.00 10 18.24 18.24 0.00 0.00 18.24 18.24 1.tThe above results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at the respective meetings held on 24th July 2020. n n2.tThe Financial Results have been reviewed by the Auditors appointed for this purpose as required under regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. n n3.tThe company operates only in one segment, Petroleum Sector. As such reporting is done on a single segment basis. n n4.tCrude thruput for the quarter is significantly lower due to lower demand for petroleum products on account of Covid-19 situation. n n5.tAverage Gross Refining Margin for the period April – Jun’2020 is US$ 11.94 per bbl (April – Jun’2019: US$ 1.41 per bbl). GRM is higher mainly due to favourable increase in prices of crude and products during the current quarter. n n6.tThe Audited accounts (Standalone & Consolidated) for the year ended 31st March 2020 have been reviewed by the Comptroller and Auditor General of India under Section 143(6)(a) of the Companies Act, 2013. The Comptroller and Auditor General of India under Section 143(6)(b) of the Companies Act, 2013 has stated that they have no comments upon or supplement to Statutory Auditors' Report on the Accounts. n n7.tOther Income for the period April – Jun’2020 includes insurance claim of ` 30 Cr settled by the Insurance Company during the quarter on account of damages sustained due to Chennai floods in 2015. n n8.tPreference Share is treated as financial liability as per Ind AS 32, as these are redeemable on maturity for a fixed determinable amount and carry fixed rate of dividend. Correspondingly, in line with the requirements of Ind AS 32, pending the approval of shareholders, preference dividend, has been provisionally accrued as finance cost for the quarter ended Jun’2020: ` 8.29 Cr. However, as per the Companies Act 2013, the preference shares is treated as part of share capital and the provisions of the Act relating to declaration of Preference Dividend at the end of the year would be applicable. n n9.tImpairment on Property, Plant and Equipment / CWIP represents provision in respect of Cauvery Basin Refinery in accordance with Ind AS - 36 “Impairment of Assets”. n n10.tOther Income includes exchange gain of ` 5.85 Cr for the quarter ended Jun’20 (Apr- Jun’19: exchange loss of ` 0.47 Cr; Jan-Mar’20: ` 77.14 Cr & Apr-Mar’20: ` 239.22 Cr included under Other Expenditure). n n11.tThe figures for the quarter ended March 31,2020 are the balancing figures between the audited figures of the financial year 2019-20 and the published unaudited results upto the third quarter of 2019-20. n n12.tFigures for the previous periods have been re-grouped wherever necessary. Excise Duty 30378600000.00 Other Expenses 2069100000.00