Mangalore Refinery and Petrochemicals (MRPL) has reported results for second quarter ended September 30, 2016.
The company has reported net profit at Rs 415.86 crore for the quarter under review as compared to a net loss of Rs 913.38 crore for the same quarter in the previous year. Total income of the company increased by 10.61% at Rs 14082.70 crore for the quarter under review as compared Rs 12731.83 crore for the corresponding quarter previous year.
MRPL is engaged in the business of refining crude oil. It offers high speed diesel oil, fuel oil and motor spirit. It operates as a subsidiary of Oil and Natural Gas Corporation. The company was founded in 1988 and is based in Mangalore, Karnataka.