MRPL had a net profit of Rs 478 crore in the July- September quarter as compared to Rs 416 crore in the same period a year ago, the company said in a statement here.
The firm, a subsidiary of state-owned Oil and Natural Gas Corp (ONGC), earned USD 8.05 on turning every barrel of crude oil at its 15 million tonnes a year refinery at Mangalore into fuel as compared to USD 4.65 per barrel gross refining margin last year.
As a result, turnover was lower at Rs 12,414 crore as compared to Rs 13,988 crore.
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