TPL announces Q4FY20 and year ended 31st March 2020 results

Registers turnover of Rs. 1,233.21 crores and

profit of INR 55.08 crores in FY20

Dividend increased by 50%

15^th June 2020

New Delhi

Financials:

Tamilnadu Petroproducts Limited (TPL), India’s leading industrial chemicals manufacturing Company today announced its annual audited results for the FY 2019-20.

Quarterly and Annual Results:

Particulars	figures in crores
	Quarterly (Jan – Mar)		Annual (Apr – Mar)
	31-03-20	31-03-19	31-03-20	31-03-19
Total Income	263.40	334.13	1,233.21	1,252.29
Profit before Tax	3.27	17.04	70.53	71.68
Profit after Tax	1.98	11.39	55.08	54.27

The Board of TPL has recommended a dividend of 15 % for the year 2019-20 against 10% for FY 2018-19

In the last quarter of FY20, the Company registered an income of INR 263.40 crores and a gross profit of INR 3.27 crores as compared to an income of INR 334.13 crores and a gross profit of INR 17.04 crores in the corresponding period of the previous year.  The lower sales was mainly due to the annual turnaround undertaken during the quarter and also there was no sales during the last week of March 2020 due to the COVIDD-19 lockdown.

In the year ending March 2020, the Company registered a turnover of INR 1,233.21 crores as compared to INR 1,252.29 during the corresponding year. During the year, in spite of a slightly lower sales, the Company's net profits registered an increase at INR 55.08 crores as compared to INR 54.27 crores in the previous fiscal.

COVID-19 Impact on Business:

The operations of the plants were shut down from 25^th March 2020 to comply with the Government of India order for complete lockdown in all parts of India to contain the spread of COVID-19 virus. It has impacted the normal business operations of the Company. The operations of the Units restarted in phases from 2^nd week of April 2020, duly following the Government guidelines.

Leadership Comment:

Mr. Ashwin Muthiah, Vice Chairman – TPL & Founder Chairman, AM International, Singapore

“Business performance is getting redefined in a post-COVID19 world. In such uncertain times, the TPL team has ensured the safety and health of our workforce and continued to serve the customers in the best possible manner. We were able to overcome the pandemic challenges with minimum disruption. However, it has impacted our business performance. I am confident of getting back to normal operations and improve our performance in the future."

About Tamilnadu Petroproducts Limited

Incorporated in the year 1984, TPL is one of the leading manufacturers of industrial intermediate chemicals, viz., Lenora Alkyl Benzene (LAB), Caustic Soda and Propylene Oxide in the country. The Company also sells Chlorine as a co-product of Caustic Soda.

LAB is used extensively in detergent production and also as solvent and binder in speciality products such as cable oil, ink, paint, insulations, etc. Caustic Soda finds wide applications in textile, pulp & paper, aluminium and soaps & detergents, etc.  Chlorine finds use in vinyl chloride, chlorinated paraffin wax, pulp & paper, water purification, chlorinated solvents, etc.   and Propylene Oxide is the feedstock for Polyols and other Petrochemicals production of which was commenced in 2018-19

The Company is committed to be the preferred chemicals provider and add value to all the stakeholders.

For further information, please visit the Company's website www.tnpetro.com or write to secy-legal@tnpetro.com

Tennis Premier League gears up for its 3rd season

Mumbai: The Tennis Premier League (TPL), which is held amidst much fanfare each year is prepping for its third season. With team owners like Leander Paes, Sonali Bendre, Rakul Preet Singh, Aditi Rao Hydari and Divya Khosla Kumar backing the league, the next season will see a  host of exciting changes, which will be announced as soon as the lockdown is eased.

The TPL will see the top players of India in action and despite the COVID - 19 pandemic, the founders of the League, Kunal Thakkur and Mrunal Jain are optimistic about getting through this crisis.  " I have been in touch with many players and they are finding it difficult to sustain in these troubled times due to lack of international tournaments. We want to do the best we can for the sportsmen of our country including the wheelchair players, who are an integral part of our League," said Kunal.

Mrunal further adds, "We are very lucky to have such supportive franchise owners and also the full support of Hemant Nair, Secretary,  Celebration Sports club. The plan is to give an advance to each player of the League as soon as possible. We also intend to donate the  registration fees to the coaches across India."

The TPL, which is based on a very sustainable model will be announced as per the Government directives keeping in mind the safety and well being of all the people involved.

Huge response for TPL talent day Top 200 juniors of the city participated in the talent hunt

Photo Caption:

Pic 1: Tina Ranka and Bindu Bhansali owners of Pune Warriors with Khushi Sharma.

Pic 2: Shyam Patel owner Mumbai Leon Army with Kashish Bote.

Mumbai 23rd October: 200 top players of the city lined up at Maharashtra State Lawn Tennis Association in Cooperage to grab a chance to feature in the Mumbai and Pune team of the 2nd Tennis Premier League to be held at the Celebration Sports Club, Mumbai from 12th-15th December 2019. 

Founded by Ex-National Player Kunal Thakkur and Actor/Entrepreneur Mrunal Jain, the 2nd edition is scheduled to be bigger and better with top sporting personalities and movie stars like Leander Paes, Sonali Bendre, Rakul Preet Singh and Aditi Rao Hydari getting involved as co-owners. The talent day was conducted for the Girls U-18 and Boy's U-14 categories and played in a knockout format. Kashish Bote (U-18) and Parjwal Tiwari (U-14) won a chance to play under Leander’s mentorship in Mumbai Leon Army while Khushi Sharma and Saksham Attray will join Purav Raja in the Pune Warriors team owned by Sonali Bendre.

All participants enrolling for the talent day were awarded a T-Shirt, Medal and 2 complimentary event passes. The winners & runners-up of Girls U-18 received a cash prize of 20,000 while the Boy's U-14 were awarded 10,000 each for their efforts. 

When asked about the talent day Kunal Thakkur said, "We are really looking forward to seeing the talent that Mumbai has to offer. MSLTA has been the backbone for Maharashtra Tennis and hence this was the perfect spot for the Mumbai leg of the talent day”.

Leander bets on young guns at TPL auction

Pic Caption:  Leander Paes and Co-Founder of TPL Kunal Thakur ( To Leanders left) pose with the team owners and mentors at the auction of the 2nd Tennis Premiere League held at Meluha The Fern, Powai on Sunday. 

Mumbai 13th October: Tennis legend and co-owner of Mumbai Leon Army, Leander Paes and coach Sukhwant Basra chose a unique approach and backed youngsters Nikki Poonacha and Aryan Goveas by picking them up at a price of Rs 2.25 and 1.25 Lakhs respectively at the auction of the 2nd Tennis Premier League, held at Meluha The Fern, Powai on Sunday. Interestingly Niki triumphed against Aryan at the Fenesta Nationals last week.

 While the young players received an encouraging response, there was a tough battle between the teams for the top players of the country. In the men's category Saketh Myneni (Delhi Binny's Brigade), Somdev Devvarman (Gujarat Panthers), Vishnu Vardhan(Bengaluru Hawks), Jeevan Neduncherhiyan (Punjab Bulls) and Purav Raja (Pune Warriors) all fetched an identical prize of 2.25 Lakhs,while Ankita Raina(Delhi Binny's Brigade ), Pranjala Yedlapalli (Punjab Bulls), Mahak Jain (Gujarat Panthers) and Rutuja Bhosale (Pune Warriors)were sold for 1.5 Lakh each.  

Speaking at the occasion, Leander said, "  It is fantastic to see the response from the owners, who have shown tremendous involvement and approached the auction with passion. I am happy to see the players getting more than the base prize and I am looking forward to hosting international players in the next couple of years". 

Leander bets on young guns at TPL auction

Pic Caption:  Leander Paes and Co-Founder of TPL Kunal Thakur ( To Leanders left) pose with the team owners and mentors at the auction of the 2nd Tennis Premier League held at Meluha The Fern, Powai on Sunday. 

Leander bets on young guns at TPL auction 

Mumbai 13th October: Tennis legend and co-owner of Mumbai Leon Army, Leander Paes and coach Sukhwant Basra chose a unique approach and backed youngsters Nikki Poonacha and Aryan Goveas by picking them up at a price of Rs 2.25 and 1.25 Lakhs respectively at the auction of the 2nd Tennis Premier League, held at Meluha The Fern, Powai on Sunday. Interestingly Niki triumphed against Aryan at the Fenesta Nationals last week.

While the young players received an encouraging response, there was a tough battle between the teams for the top players of the country. In the men's category Saketh Myneni (Delhi Binny's Brigade), Somdev Devvarman (Gujarat Panthers), Vishnu Vardhan(Bengaluru Hawks), Jeevan Neduncherhiyan (Punjab Bulls) and Purav Raja (Pune Warriors) all fetched an identical prize of 2.25 Lakhs,while Ankita Raina(Delhi Binny's Brigade ), Pranjala Yedlapalli (Punjab Bulls), Mahak Jain (Gujarat Panthers) and Rutuja Bhosale (Pune Warriors)were sold for 1.5 Lakh each.

Speaking at the occasion, Leander said, "  It is fantastic to see the response from the owners, who have shown tremendous involvement and approached the auction with passion. I am happy to see the players getting more than the base price and I am looking forward to hosting international players in the next couple of years". 

Kunal Thakkur, Co-founder of the league said, " I am very happy that our top Indian players were sold for the maximum bid. The encouragement from the owners has been  heartwarming and I am sure with the help of mentors and owners we can position this league at par with the Pro Kabaddi and IPL and provide a much bigger platform for tennis players in our country." 

Apart from the top Men and Women players, the auctions also saw an encouraging response for the Girls U-18 and Boy's U-14 categories. A total of 8 teams with 8 players will fight it out to be crowned champions for the 2nd edition to be held from 12th to 15th, December.  

TPL to conduct talent day on 23rd Oct

Mumbai 1st Oct:  The 2nd edition of the Tennis Premiere League which has garnered a huge response this year will be hosting its talent day at Maharashtra State Lawn Tennis Association, Cooperage on the 23rd of October 2019. 

The talent day is a part of a 4 city talent hunt in which the organisers will select the best of talent in the boys U-14 and girls U-18 category who will get a chance to feature in the Mumbai franchise and play along with the top players of the country. The 2nd edition has received tremendous support with the like of Leander Paes, Sonali Bendre and Rakul Preet associated with the event. The event has also seen participation from some of the top players of the country like Somdev Devvarman, Jeevan Nedunchezhiyan, Saket Myneni, Purav Raja, Vishnu Vardhan while on the women's side, Indian No 1 Ankita Raina, Pranjala Yedlapalli, Rutuja Bhosale and Riya Bhatia will be seen in action.

The Registration fees for the talent day is 590 and apart from the chance to get featured in their home team, the participants will get t-shirts, medals and 2 seasonal passes worth 500 each.  The last date of registration is 5th October and the participants can register by logging on the Website www.tplsport.in 

TPL is the best platform to promote Indian Tennis -- Leander

Pic Caption 1: Kunal Thakkur, Promoter, TPL, Tennis Legend Leander Paes and Mrunal Jain, Promoter,TPL at a meet and greet session at Millenium Club, Juhu. 

Pic 2: Leander Paes in action during the meet and greet for the tennis premier league 

Mumbai 27th September: Leander Paes,  who is the mentor of the league and co-owner of the Mumbai Leon Army along with Shyam Patel is looking forward to mentoring young players in the upcoming Tennis Premier League, which will be held at the Celebration Sports Club, Andheri from December 12 to 16,  2019.

 Speaking during a media interaction Leander said, " Indian sport is doing wonderfully well and leagues like IPL, ISL and the Kabaddi leage have helped nurture the future generation. My job in this league is to help the organisers to promote the league. I have played for 30 years and I want to give back to the sport by getting the top players of the country to come and play with the youngsters and take the sport forward."

The men's field has some of the top players of the country like  Jeevan Nedunchezhiyan, Saket Myneni, Purav Raja, Vishnu Vardhan while on the women's side, Indian No 1 Ankita Raina, Pranjala Yedlapalli, Rutuja Bhosale and Riya Bhatia will be seen in action.

 When speaking of the growth of the sport he added, " It is a great time for tennis in India with Sumit Nagal playing against Federer or Ramkumar and Saket doing well in the international events but it is important that they stay consistent and condition themselves mentally. The mental fitness is as important as physical fitness, it is a very tough task as a lot of athletes are spending more than their earning but it's our job to give them the right platform to excel."

The total prize fund for the tournament is 60 lakhs and in order to make the tournament more inclusive and exciting, the organisers have U-14 Boys, U-18 Girls and Wheelchair categories.