Mangalore Refinery and Petrochemicals share price zoomed 8.83 per cent to log an intra-day high of ₹154.55 per share on the BSE on Thursday
The fall in the stock price came after the company announced a weak set of June quarter of financial year 2025 (Q1FY25) results.
MRPL's standalone net profit plummeted over 40 per cent to Rs 1,138 crore in Q4FY24, from Rs 1,913 crore in Q4FY23
Mangalore Refinery and Petrochemicals Ltd (MRPL) net profit zoomed to Rs 2,707 crore in the first quarter of the current fiscal on the back of record refining margins.
The top four OMCs paid all-time high excise duty of Rs 2.87 trn in FY21, up from Rs 1.66 trn in FY20
Prices touched historic low of $1.79 per mmBtu for October-period of current financial year, down 25% from $2.39 per mmBtu during April-September period
Apart from the reduction of imports, the 2G ethanol usage in petrol helps reduce greenhouse gas emissions and also provides additional income to farmers.
Buying more crude to fill strategic capacity will benefit India as international crude oil prices are falling
The company had reported a net profit of Rs 122.5 crore during the April-June period of previous fiscal
This is on account of higher refinery margins and lower inventory loss