Monday 16 February 2015

MRPL declines on reporting net loss of Rs 1894.36 crore in Q3

     Mangalore Refinery and Petrochemicals (MRPL) has reported results for third quarter ended December 31, 2014.
     The company has reported a net loss of Rs 1894.36 crore for the quarter under review as compared to a net loss of Rs 247.68 crore for the same quarter in the previous year. Total income of the company decreased by 21.37% at Rs 14895.36 crore for Q3FY15 as compared Rs 18944.16 crore for the corresponding quarter previous year.
     MRPL, a schedule ‘A’ CPSE and a subsidiary of ONGC is a State of Art Grassroot Refinery located in a beautiful hilly terrain, north of Mangalore city, in Dakshin Kannada region.
     Mangalore Refinery & Petrochemicals is currently trading at Rs 56.60, down by 2.45 points or 4.15% from its previous closing of Rs 59.05 on the BSE.

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