Mangalore Refinery and Petrochemicals Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 249,678.7 million compared to INR 193,533.3 million a year ago. Revenue was INR 288,233.2 million compared to INR 229,047.3 million a year ago. Net loss was INR 6,969.4 million compared to net income of INR 10,516.8 million a year ago. Basic loss per share from continuing operations was INR 3.98 compared to basic earnings per share from continuing operations of INR 6 a year ago. Diluted loss per share from continuing operations was INR 3.98 compared to diluted earnings per share from continuing operations of INR 6 a year ago.
For the six months, sales was INR 482,148.9 million compared to INR 404,109.3 million a year ago. Revenue was INR 561,574.5 million compared to INR 477,815.9 million a year ago. Net loss was INR 6,237.2 million compared to net income of INR 20,664.7 million a year ago. Basic loss per share from continuing operations was INR 3.56 compared to basic earnings per share from continuing operations of INR 11.79 a year ago. Diluted loss per share from continuing operations was INR 3.56 compared to diluted earnings per share from continuing operations of INR 11.79 a year ago.
Mangalore Refinery and Petrochemicals Limited (MRPL) is an India-based company engaged in the business of refining of crude oil. The Company operates through the Petroleum Products segment. It offers various direct sales products such as Bitumen, Diesel, Sulphur, Petcoke, ATF (thru' JV), Polypropylene, Xylol (Xylenes), and others. Its refinery has producing capacity of a range of petroleum products like Naphtha, liquified petroleum gas (LPG), Motor Spirit, High-Speed Diesel, Kerosene, Aviation Turbine Fuel, Sulphur, Xylene, Bitumen along with Pet Coke, and Polypropylene. It operates an Aromatic Complex, a petrochemical unit capable of producing 0.905 MMTPA of Para Xylene and 0.273 MMTPA of Benzene. MRPL has two Captive Jetties in New Mangalore Port Trust (NMPT), Single Point Mooring Facility, While Oil Loading Facility, Rail Wagon Loading Silo for Petcoke, and Truck Loading Silos for Petcoke. The Company is a subsidiary of Oil and Natural Gas Corporation Limited.
