Tamilnadu Petroproducts Surges After Impressive Q4 Results

In a notable market reaction, Tamilnadu Petroproducts, a small-cap player in the petrochemical sector, saw its stock price soar over 6% during morning trading on the BSE on May 7. This leap came on the heels of the company’s robust financial performance for the March quarter (Q4), with shares opening at ₹75.31, an increase from the previous close of ₹75.15. The stock hit an intraday peak of ₹79.80 before stabilizing at ₹78.74, reflecting a 4.78% rise around 11:20 AM.

Impressive Q4 Financial Performance

On May 6, Tamilnadu Petroproducts disclosed its quarterly and annual financial results for FY25, showcasing remarkable growth. The company’s standalone profit after tax (PAT) for Q4FY25 skyrocketed by 127%, reaching ₹24.91 crore, up from ₹10.96 crore in the same quarter the previous year. This surge was complemented by a 2.6% increase in revenues, which climbed to ₹458.51 crore, compared to ₹447.03 crore in Q4FY24.

• Q4 Highlights:
  • PAT: ₹24.91 crore (up 127%)
  • Revenue: ₹458.51 crore (up 2.6%)
  • EBITDA: ₹42.04 crore (up 94.5%)

Additionally, the board has proposed a dividend of ₹1.20 per share for FY25, pending shareholder approval.

Annual Growth and Challenges

For the entire fiscal year, Tamilnadu Petroproducts reported an 8.8% year-on-year increase in revenue, totaling ₹1,847 crore, compared to ₹1,697 crore in FY24. Net profits also saw a significant rise of 20.2%, reaching ₹51.42 crore, up from ₹42.78 crore the previous year.

The company faced challenges with ₹7.55 crore in expenses related to material damage and plant restoration due to the Michaung cyclone in December 2023. However, they received an interim amount of ₹26.05 crore from insurers, classified as an exceptional item pending a full assessment.

Stock Performance Insights

Despite the recent surge, Tamilnadu Petroproducts has experienced fluctuations over the past few years. The stock delivered impressive multibagger returns of 157% over the last five years, but has faced declines of 33% and 7% over the past three and one years, respectively. The stock reached its 52-week high of ₹110.44 on July 18 last year and a 52-week low of ₹63.65 on March 18 of this year.

Stay updated with the latest market trends and insights by following our financial news section.