CHENNPETRO2021-10-012021-12-31in-bse-fin:OneOperatingExpenses01Member CHENNPETRO2021-10-012021-12-31in-bse-fin:OneOperatingExpenses02Member CHENNPETRO2021-10-012021-12-31in-bse-fin:FourOperatingExpenses01Member CHENNPETRO2021-10-012021-12-31in-bse-fin:FourOperatingExpenses02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares CHENNPETRO 2021-04-01 2022-03-31 2022-01-17 INR Crores Third quarter Single segment CHENNAI PETROLEUM CORPORATION LIMITED 2021-10-01 2021-12-31 Unaudited Standalone 135917000000.00 5700000.00 135922700000.00 96790600000.00 393400000.00 -6740100000.00 1330300000.00 1131800000.00 1320000000.00 38683300000.00 132909300000.00 3013400000.00 0.00 3013400000.00 0.00 725100000.00 725100000.00 0.00 2288300000.00 0.00 0.00 0.00 0.00 2288300000.00 0.00 2288300000.00 0.00 0.00 1489100000.00 10 15.37 15.37 0.00 0.00 15.37 15.37 0.06 0.01 0.05 The 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 January 2022. The Financial Results have been reviewed by the Statutory Auditors as required under regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company operates only in one segment, Petroleum Sector. As such reporting is done on a single segment basis. The demand for fuel products was lower during the first half year due to COVID related lock downs, resulting in lower crude thruput.However, the reduction in demand was relatively benign as compared to that of the previous year with corresponding impact on the crude thruput levels. Management 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 Average Gross Refining Margin for the period April – Dec’2021 is US$ 6.28 per bbl (April – Dec ’2020: US$ 7.50 per bbl). The outstanding Non–Convertible Debentures of the Company as on 31st December 2021 are unsecured and the the asset cover is 117%. Preference 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’2021: ` 8.38 Cr and for the period April – Dec’2021: ` 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 Other Expenditure includes exchange gain of ` 4.82 Cr for the quarter ended Dec’21, exchange loss of ` 2.86 Cr for the nine months ended Dec’21.(Exchange gain for Oct - Dec’20: ` 28.40 Cr and Apr – Dec’20: ` 64.36 Cr is included in other income). Other disclosures Credit Rating CRISIL / CARE/ICRA AAA(Stable) CRISIL / CARE/ICRA AAA(Stable) CRISIL, ICRA & CARE- AAA(Stable) Debt Equity Ratio 6.20:1 7.56:1 6.43:1 Debt Service Coverage Ratio 1.40 0.80 1.21 Interest Service Coverage Ratio 3.64 5.59 5.65 Current Ratio (Times) [Current Assets/ Current Liabilities] 0.74 0.60 0.54 Long Term Debt to Working Capital(Times) (1.13) (0.63) (0.70) Bad Debts to Account Receivable Ratio - - - Current Liability Ratio (Times) 0.75 0.79 0.74 Total Debts to Total Assets (Times) 0.60 0.57 0.65 Debtors Turnover - in days 1.69 2.55 2.63 Inventory Turnover - in days 41.45 35.07 30.79 Operating Margin (%) 2.87 8.42 6.84 Net Profit Margin(%) 1.30 0.04 1.05 Outstanding Redeemable Preference Shares at face value 500.00 500.00 500.00 Bond Redemption Reserve - - - Capital Redemption Reserve (in Crore) 600.00 600.00 600.00 Net Worth 1772.58 1198.05 1424.57 Outstanding Debt (Debentures) 2730.00 1955.00 1955.00 The details of Interest / Principal payment in respect of non-convertible debt securities (listed) is given below: Debentures (Unsecured) Previous Due Date Next Due Date Interest Principal Status Interest Principal NCD(Series – I 2020) 01.03.2021 NA PAID 28.02.2022 28.02.2023 NCD (Series – I 2021) 19.07.2021 NA PAID 18.07.2022 18.07.2025 NCD (Series – II 2021) NA NA NA 23.06.2022 24.06.2024 Figures for the previous periods have been re-grouped wherever necessary. Single segment 2021-04-01 2021-12-31 Unaudited Standalone 394771600000.00 103300000.00 394874900000.00 254548600000.00 401600000.00 -7218700000.00 4187700000.00 3165500000.00 3713300000.00 131430300000.00 390228300000.00 4646600000.00 0.00 4646600000.00 0.00 1166500000.00 1166500000.00 0.00 3480100000.00 0.00 0.00 0.00 0.00 3480100000.00 0.00 3480100000.00 0.00 0.00 1489100000.00 10 23.37 23.37 0.00 0.00 23.37 23.37 0.06 0.01 0.04 Excise duty 36524100000.00 Other Expenditure 2159200000.00 Excise duty 125153500000.00 Other Expenditure 6276800000.00