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MRPL reports 92% surge in Q3 net profit

08 Feb 2017 Evaluate

Mangalore Refinery and Petrochemicals (MRPL) has reported results for third quarter ended December 31, 2016.  

The company has reported 92.17% rise in its net profit at Rs 565.99 crore for the quarter ended December 31, 2016 as compared to Rs 294.53 crore for the same quarter in the previous year. Total income of the company increased by 39.14% at Rs 15804.71 crore for the quarter under review as compared Rs 11358.89 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.

Peers
Company Name CMP
Reliance Industries 1179.40
Indian Oil Corpn. 127.45
Bharat PetroleumCorp 286.75
HPCL 331.10
MRPL 172.00
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