Business Standard

MRPL soars on turnaround Q4 results

The stock has soared 16% to Rs 78 on reporting a net profit of Rs 1,067 for Q4FY14 against loss of Rs 62 crore.

Related News

Mangalore Refinery and Petrochemicals (MRPL) has soared 16% to Rs 78 after reporting a net profit of Rs 1,067 crore for the fourth quarter ended March 31 2014 (Q4FY14), on account of a one-time foreign exchange gain, higher other income and better operational performance. The company had posted a loss of Rs 62 crore in the same quarter last year.

Net sales grew 3% to Rs 19,128 crore during March quarter as against Rs 18,580 crore in the corresponding quarter of the previous fiscal.

The company has earned foreign exchange gain of Rs 575 crore during the quarter as against Rs 86 crore in same quarter last year. Other income jumped multiple fold to Rs 157 crore from Rs 17 crore during the quarter.

improved quite significantly to USD 3.18 a barrel in Q4FY14 versus USD 1.98 a barrel in the year-ago period, Essar Oil said in a statement.

The stock opened at Rs 72.95 and hit a 52-week high of Rs 80.80 on the NSE. The trading volumes on the counter more than doubled, with a combined 2.49 million shares changing hands so far on the NSE and BSE.

Read more on:   
|
|

Read More

Essar Oil hits 52-week high on five-fold Q4 profit

The stock has rallied 14% to Rs 91 after reporting a five-fold jump in net profit at Rs 1,008 crore for the quarter ended March.

Quick Links

Market News

Markets rise on ECB tide

World markets rallied on Friday after the European Central Bank decided on Thursday to pump a little over about euro 1 trillion to revive the ...

ECB's QE unlikely to result in widespread gains for all asset classes

Cheap money to seek high-yielding assets; prices of others like industrial metals, gold could settle

Sensex records sharpest seven-day rally since 2009

The Sensex surged 273 points on Friday to close at 29,278.84, and has rallied 1,932 points in the past seven trading days since January 15

Gold imports came to halt as discounts widened

High discounts are due to huge carry over stock of gold imported in November

GSK Pharma, select MNC stocks gain as Sebi eases delisting norm

In intra-day trade, GSK Pharma gained as much as 12% and ended 6.4% higher at Rs 3,347.45

 

Back to Top