Mangalore Refinery And Petrochemicals Ltd Q1FY24; 63% fall in Profits

Mangalore Refinery & Petrochemicals Limited (MRPL) was set up as a joint venture (JV) between the AV Birla Group and Hindustan Petroleum Corporation Limited (HPCL). It is now a subsidiary of Oil & Natural Gas Corporation(ONGC). The company is mainly engaged in the business of refining crude oil, petrochemical business, trading of aviation fuels and distribution of petroleum products through retail outlets and transport terminals.

Financial Results:

Mangalore Refinery And Petrochemicals Ltd reported Revenues for Q1FY24 of ₹21,173.00 Crores down from ₹32,290.00 Crore year on year, a fall of 34.43%.

Total Expenses for Q1FY24 of ₹19,666.00 Crores down from ₹28,174.00 Crores year on year, a fall of 30.2%.

Consolidated Net Profit of ₹1,013.00 Crores down 62.59% from ₹2,708.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹5.78, down 62.59% from ₹15.45 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.