MRPL net profit up 93%

BS 200 SCORECARD

Mangalore Refinery and Petrochemicals (MRPL) posted a 92.84 per cent jump in net profit at Rs 215.75 crore for the quarter ended June 30, 2005 compared with Rs 111.88 crore for the corresponding quarter in previous year.

Total income has increased 32.14 per cent to Rs 5,613.87 crore for the first quarter ended June 30, 2005, up from Rs 4,248.94 crore in the year-ago period.

"Having completed the turnaround in the very first year of takeover by ONGC, and having declared the maiden dividend after the second year under ongc management, MRPL is now on the threshold of unprecedented growth in the indian refining industry," said Subir Raha, chairman, MRPL.