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Mangalore Refinery and Petrochemicals (MRPL) has reported results for its first quarter ended June 30, 2011.

The company’s net profit for the quarter has zoomed by 506.29% at Rs 172.71 crore as compared to Rs 28.46 crore for the same quarter last year. Its total income has surged by 70.26% to Rs 13504.33 crore for the quarter under review from Rs 7931.58 crore for the corresponding quarter of the previous year.

MRPL was a joint venture oil refinery promoted by Hindustan Petroleum Corporation (HPCL), a public sector company and IRIL & Associates (AV Birla Group). It has a design capacity to process 9.69 million metric tonnes per annum and is the only refinery in India to have two hydrocrackers producing Premium Diesel (High Cetane).

Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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