MRPL Q3 results: Net profit drops 21% to Rs 309 cr, revenue at Rs 25,601 cr

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MRPL Q3 results: Net profit drops 21% to Rs 309 cr, revenue at Rs 25,601 cr - Business Standard

Quick Summary:

The company's revenue from operations fell to Rs 25,601 crore from Rs 28,364 crore in the third quarter of the previous fiscal, largely because of lower oil prices.It has earned USD 6.21 on turning every barrel of crude oil into fuel in October-December compared to a gross refining margin of USD 5 per barrel a year back.

Its consolidated net profit of Rs 309 crore in October-December 2024 - the third quarter of April 2024 to March 2025 fiscal (FY25) - compared with Rs 392 crore earnings a year back, according to a company statement.

Mangalore Refinery and Petrochemicals Ltd (MRPL) on Monday reported a 21 per cent drop in its third-quarter net profit as revenues slid, negating a rise in refinery margins.