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MRPL Q3 results: Net profit drops 21% to Rs 309 cr, revenue at Rs 25,601 cr

Its consolidated net profit of Rs 309 crore in October-December 2024 - the third quarter of April 2024 to March 2025 fiscal (FY25) - compared with Rs 392 crore earnings a year back

q3 results

The company's revenue from operations fell to Rs 25,601 crore from Rs 28,364 crore in the third quarter of the previous fiscal. | ILLUSTRATION: AJAY MOHANTY

Press Trust of India New Delhi

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Mangalore Refinery and Petrochemicals Ltd (MRPL) on Monday reported a 21 per cent drop in its third-quarter net profit as revenues slid, negating a rise in refinery margins.

Its consolidated net profit of Rs 309 crore in October-December 2024 - the third quarter of April 2024 to March 2025 fiscal (FY25) - compared with Rs 392 crore earnings a year back, according to a company statement.

The company's revenue from operations fell to Rs 25,601 crore from Rs 28,364 crore in the third quarter of the previous fiscal, largely because of lower oil prices.

It has earned $ 6.21 on turning every barrel of crude oil into fuel in October-December compared to a gross refining margin of $ 5 per barrel a year back.

 

Exports also fell to Rs 8,114 crore from Rs 10,205 crore.

The third quarter recorded the highest crude processing at 4.54 million tonnes. The unit processed Merey-16 crude from Venezuela for the first time, the statement said, adding that Q3 also recorded the highest production of ATF (763,100 tonnes) and benzene (60,600 tonnes).

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 20 2025 | 7:40 PM IST

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