MRPL announces Q2FY22 earnings

The Board of Directors of Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary company of ONGC and Schedule 'A' Mini Ratna Category I Company during its 240th Meeting held on October 26, 2021, approved it's Standalone and Consolidated unaudited Financial Results for the Second Quarter (Q2 FY'22) and Half Year (H1 FY'22) ended September 30, 2021.

Financial Highlights for the Second quarter Q2 FY'22 (Q2 FY'21):

• Gross revenue from operations Rs. 17,692 Crore (Q2 FY'21 Rs. 9,686 Crore).
• Loss before Tax Rs. 390 Crore (Q2 FY'21 Profit before tax Rs. 51 Crore).
• Loss after Tax of Rs. 243 crore (Q2 FY'21 Profit after tax Rs. 31 Crore).
• GRM of 2.22 $/bbl (Q2 FY'21 GRM of 3.85 $/bbl).

Financial Highlights for the Half year ended Hl FY'22 (H1 FY'21):

• Gross revenue from operations Rs. 32,840 Crore (H1 FY'21 Rs. 16,095 Crore).
• Loss before Tax Rs. 522 Crore (H1 FY'21 Loss before tax Rs. 753 Crore).
• Loss after Tax of Rs. 329 crore (H1 FY'21 Loss after tax Rs. 493 Crore).
• GRM of 3.33 $/bbl (H1 FY'21 GRM of 1.55 $/bbl).

Shares of Mangalore Refinery and Petrochemicals Limited was last trading in BSE at Rs. 51.65 as compared to the previous close of Rs. 55.45. The total number of shares traded during the day was 1123861 in over 6694 trades.

The stock hit an intraday high of Rs. 55.45 and intraday low of 51.05. The net turnover during the day was Rs. 59737557.00.

Source : Equity Bulls

Keywords

MangaloreRefineryandPetrochemicals INE103A01014 MRPL Refineries PetroProducts Q2FY22 ResultUpdate