Tamilnadu Petroproducts shares jump 7 per cent after Q2 results
The company reported a 104.9 per cent year-on-year increase in consolidated revenue for the September quarter.
Tamilnadu Petroproducts shares rose 7 per cent on Tuesday, 3 November, following the announcement of its Q2 FY27 results, according to Mint. The company reported strong year-on-year growth in both revenue and profitability for the September quarter.
The firm's consolidated revenue from operations rose 104.9 per cent year-on-year to ₹934.37 crore, up from ₹456.09 crore in the same quarter last year. Consolidated profit before tax (PBT) increased 94.4 per cent to ₹87.86 crore from ₹45.19 crore a year ago.
Profit after tax (PAT) grew 89.9 per cent to ₹65.03 crore, compared to ₹34.24 crore in Q2 FY26. For the first half of FY27, consolidated revenue from operations increased 86.3 per cent year-on-year to ₹1,712.29 crore.
Ashwin Muthiah, Vice Chairman of Tamilnadu Petroproducts Ltd and Founder Chairman of AM International, Singapore, said the company delivered a strong quarter. He attributed the performance to operational improvements, cost discipline and a focus on customer requirements.
The stock opened at ₹122.60 on the BSE and reached an intraday high of ₹129.10. The share price has increased 37 per cent so far in 2026.
Gaurav Arora, Head of Research at SAHI, said the stock has faced selling pressure at successive highs and may remain range-bound. He noted that ₹118 is the immediate support level.