MRPL Ltd: Q1FY18 Result
DSIJ Intelligence / 21 Jul 2017
The company's total sales for Q1FY18 came in at Rs 14,494.61 crore, which represents a 19.96 per cent sequential decline and 25.05 per cent YoY increase.
Mangalore Refinery and Petrochemicals Limited (MRPL) reported its results for the quarter ended June 30, 2017 today.
The company's total sales for Q1FY18 came in at Rs 14,494.61 crore, which represents a 19.96 per cent sequential decline and 25.05 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 418.96 crore and its EBIT margin stood at 2.89 per cent.
The company reported PAT of Rs 331.98 crore, which represents a sequential QoQ decline of 88.54 per cent and a YoY decline of 70.72 per cent.
The stock opened at Rs 126.75 on the BSE and recorded intra-day high and low of Rs 129.90 and Rs 126, respectively.
MRPL manufactures and sells refined petroleum products in India. The company produces and sells liquefied petroleum gas, fuel gas, high speed diesel, aviation turbine fuel, furnace oil, asphalt, as well as bitumen and other products. It also operates two retail outlets under the HiQ brand name in Hubli and Maddur, India.
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