MRPL in demand on reporting decent Q4 numbers

Mangalore Refinery and Petrochemicals (MRPL) is currently trading at Rs. 58.90, up by 1.75 points or 3.06% from its previous closing of Rs. 57.15 on the BSE.

The scrip opened at Rs. 57.75 and has touched a high and low of Rs. 60.00 and Rs. 57.75 respectively. So far 61238 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.75 on 26-Jul-2011 and a 52 week low of Rs. 50.00 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 60.50 and Rs. 55.30 respectively. The current market cap of the company is Rs. 10340.33 crore.

The promoters holding in the company stood at 88.58% while Institutions and Non-Institutions held 3.48% and 7.94% respectively. 

Mangalore Refinery and Petrochemicals (MRPL) has reported a surge of 8.88% in its net profit to Rs 601.97 crore for the fourth quarter ended March 31, 2012 as compared to Rs 552.86 crore in the same period of previous fiscal.

The total income of the company rose to Rs 16106.98 crore for the fourth quarter ended March 31, 2012, against Rs 12515.16 crore in the same period of previous fiscal, up by 28.70%.

For the year ended March 31, 2012, the company posted a fall of 22.78% in its net profit of Rs 908.58 crore against Rs 1176.63 crore in 2010-11. The total income of the company rose 38.35% to Rs 54117.66 crore for the year ended March 31, 2012, compared to Rs 39115.72 crore in 2010-11.