MRPL hits 52-week low after reverse turnaround in Q4

The company announced Q4 results during trading hours today, 24 May 2013.

Meanwhile, the S&P BSE Sensex was up 9.78 points or 0.05% at 19,684.11.

On BSE, 3.44 lakh shares were traded in the counter as against average daily volume of lakh 65,233 shares in the past one quarter.

The stock hit a low of Rs 40 so far during the day, which is also a 52-week low for the counter. The stock hit a high of Rs 43.20 so far during the day. The stock had hit a 52-week high of Rs 70.50 on 10 October 2012.

The stock had underperformed the market over the past one month till 23 May 2013, sliding 14.21% compared with the Sensex's 2.58% rise. The scrip had also underperformed the market in past one quarter, declining 28.53% as against Sensex's 1.85% gain.

The large-cap company has equity capital of Rs 1752.60 crore. Face value per share is Rs 10.

Mangalore Refinery and Petrochemicals' (MRPL) total income rose 15.94% to Rs 18675.57 crore in Q4 March 2013 over Q4 March 2012.

MRPL reported net loss of Rs 756.91 crore in the year ended 31 March 2013 (FY 2013), as against net profit of Rs 908.58 crore in the year ended 31 March 2012 (FY 2012). Total income rose 21.6% to Rs 65807.54 crore in FY 2013 over FY 2012.

MRPL, located in Mangalore city, is a grass-root refinery and is a subsidiary of state-run ONGC. ONGC holds 71.63% stake in MRPL (as per the shareholding pattern as on 31 March 2013).

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