Mangalore Refinery And Petrochemicals Ltd Q3FY25; 21% 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 Q3FY25 of ₹21,871.00 Crores down from ₹24,667.00 Crore year on year, a fall of 11.33%.

Total Expenses for Q3FY25 of ₹21,436.00 Crores down from ₹24,116.00 Crores year on year, a fall of 11.11%.

Consolidated Net Profit of ₹309.00 Crores down 21.17% from ₹392.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.76, down 21.43% from ₹2.24 in the same quarter of the previous year.