Mangalore Refinery And Petrochemicals Ltd News
MRPL Q3 results: Net profit drops 21% to Rs 309 cr, revenue at Rs 25,601 cr
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 USD 6.21 on turning every barrel of crude oil into fuel in October-December compared to a gross refining margin of USD 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
 "MRPL Q3 results: Net profit drops 21% to Rs 309 cr, revenue at Rs 25,601 cr")
MRPL signs MoU with ISPRL to utilise underground caverns for crude storage
Mangalore Refinery and Petrochemicals Limited (MRPL) signed a Memorandum of Understanding on Tuesday with Indian Strategic Petroleum Reserves Limited to utilise ISPRL's underground caverns for crude oil storage. The partnership aims to enhance MRPL's crude storage capacity, ensuring supply security and mitigating risks arising from global market volatility. The agreement was signed at MRPL's office in Mangaluru by Executive Director (Refinery), MRPL, B Sudharshan and ISPRL Deputy CEO Atul Gupta, in the presence of MRPL Managing Director Mundkur Shyamprasad Kamath and ISPRL CEO & MD L R Jain. Under the agreement, MRPL will lease storage at ISPRL's facilities, reducing capital expenditure while improving operational flexibility. Officials stated that the strategic location of ISPRL's storage sites, close to MRPL's refinery and the coast, would help cut transportation costs and facilitate smoother logistics. The collaboration is expected to support India's energy security efforts ...
 "MRPL signs MoU with ISPRL to utilise underground caverns for crude storage")
MRPL stock slumps 5% after co disappoints investors with weak Q2 show
Shares of Mangalore Refinery and Petrochemicals Ltd (MRPL) dipped as much as 5.52 per cent at Rs 156.45 per share on the BSE in Monday's intraday trade
 "MRPL stock slumps 5% after co disappoints investors with weak Q2 show")
MRPL share price tanks 7% on weak Q1FY25 performance; profit falls 93%
The fall in the stock price came after the company announced a weak set of June quarter of financial year 2025 (Q1FY25) results.
 "MRPL share price tanks 7% on weak Q1FY25 performance; profit falls 93%")
