CHENNPETRO2020-10-012020-12-31in-bse-fin:OneOperatingExpenses01Member CHENNPETRO2020-10-012020-12-31in-bse-fin:OneOperatingExpenses02Member CHENNPETRO2020-10-012020-12-31in-bse-fin:FourOperatingExpenses01Member CHENNPETRO2020-10-012020-12-31in-bse-fin:FourOperatingExpenses02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares CHENNPETRO 2020-04-01 2021-03-31 2021-01-14 INR Crores Third quarter Single segment Manufacture of Petroleum & Petrochemical Products 2020-10-01 2020-12-31 Unaudited Standalone 114583200000.00 446400000.00 115029600000.00 54700800000.00 153800000.00 -1170500000.00 1321200000.00 768700000.00 1133300000.00 57593400000.00 114500700000.00 528900000.00 0.00 528900000.00 0.00 6093300000.00 6093300000.00 0.00 -5564400000.00 0.00 0.00 0.00 0.00 -5564400000.00 0.00 -5564400000.00 0.00 0.00 1489110000.00 10 -37.37 -37.37 0.00 0.00 -37.37 -37.37 Notes to Standalone Financial Results: n n1.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 25th January 2021. n n2.tThe Financial Results have been reviewed by the Statutoy Auditors, 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.tThe demand for fuel products was lower during the first half year due to COVID related lock downs, resulting in lower crude thruput. The capacity utilization gradually improved during the current quarter. n nManagement has assessed the potential impact of COVID 19 based on the current circumstances and expects that there will be no significant impact on the continuity of operations of the Corporation, on useful life of the assets, on financial position etc. on a long term basis. n n5.tAverage Gross Refining Margin for the period April – Dec’2020 is US$ 7.50 per bbl (April – Dec’2019: US$ 2.69 per bbl). GRM is higher mainly due to favourable increase in prices of crude and products. n n6.tInsurance Claims in respect of damages sustained in the earlier years, settled ` 36.50 Crore during the nine months ended Dec ’20 is included in other income. n n7.tOther Income includes exchange gain of ` 28.40 Cr for the quarter ended Dec’20 ` 64.36 Cr for the Nine months ended Dec’20 . (exchange loss for Oct- Dec’19: ` 38.98 Cr and Apr-Dec’19: ` 162.08 Cr included in other expenses) 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 Dec ’2020: ` 8.38 Cr and for the period April – Dec’2020: ` 25.05 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.tPursuant to the introduction of Section 115BAA of the Income Tax Act, 1961 the company has an option to pay corporate income tax at the rate of 22% plus applicable surcharge and cess (lower rate) as against the earlier rate of 30% plus applicable surcharge and cess, subject to certain conditions. Considering all the provisions under said section 115BAA of the Income Tax Act, 1961 the Company has decided to avail the lower rate from FY 2019-20. n nAccordingly, the Company has recognized Provision for Income tax for the nine months ended 31st December, 2020 and re-measured its net Deferred Tax assets at the lower rate. Accordingly, the Minimum Alternate Tax balance as on April 01, 2019 has not been carried forward as per provision of Section 115BAA of the Income Tax Act, 1961. The MAT balance of Rs. 599.99 Crore and the net impact on deferred tax due to this change is ` 93.77 crore is accounted as tax Expense during the quarter. n n11.tFigures for the previous periods have been re-grouped wherever necessary. Single segment 2020-04-01 2020-12-31 Unaudited Standalone 271321400000.00 1393800000.00 272715200000.00 114574300000.00 324000000.00 -2854800000.00 3999800000.00 2803700000.00 3440700000.00 140991600000.00 263279300000.00 9435900000.00 0.00 9435900000.00 0.00 9378200000.00 9378200000.00 0.00 57700000.00 0.00 0.00 0.00 0.00 57700000.00 0.00 57700000.00 0.00 0.00 1489110000.00 10 0.39 0.39 0.00 0.00 0.39 0.39 EXCISE DUTY 55783900000.00 OTHER EXPENSES 1809500000.00 EXCISE DUTY 134860700000.00 OTHER EXPENSES 6130900000.00