MRPL

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. 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. 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. Exports also fell to Rs 8,114 crore from Rs 10,205 crore. The third quarter recorded the highest crude processing at 4.54 million tonnes. The unit processed Merey-16 crude from Venezuela for the first time, the statement said, adding that Q3 also recorded the highest production of

Mangalore Refinery and Petrochemicals Limited (MRPL) signed a Memorandum of Understanding on Tuesday with Indian Strategic Petroleum Reserves Limited to utilise ISPRL's underground caverns for crude oil storage. The partnership aims to enhance MRPL's crude storage capacity, ensuring supply security and mitigating risks arising from global market volatility. The agreement was signed at MRPL's office in Mangaluru by Executive Director (Refinery), MRPL, B Sudharshan and ISPRL Deputy CEO Atul Gupta, in the presence of MRPL Managing Director Mundkur Shyamprasad Kamath and ISPRL CEO & MD L R Jain. Under the agreement, MRPL will lease storage at ISPRL's facilities, reducing capital expenditure while improving operational flexibility. Officials stated that the strategic location of ISPRL's storage sites, close to MRPL's refinery and the coast, would help cut transportation costs and facilitate smoother logistics. The collaboration is expected to support India's energy security efforts ...

Shares of Mangalore Refinery and Petrochemicals Ltd (MRPL) dipped as much as 5.52 per cent at Rs 156.45 per share on the BSE in Monday's intraday trade

The fall in the stock price came after the company announced a weak set of June quarter of financial year 2025 (Q1FY25) results.

Between March 2023 and June 2024, Hikal has been consolidating within the approximate range of Rs 260-320

MRPL's standalone net profit plummeted over 40 per cent to Rs 1,138 crore in Q4FY24, from Rs 1,913 crore in Q4FY23

The stock price of Mangalore Refinery & Petrochemicals (MRPL) hit a new high of Rs 240 as it surged 18 per cent on the BSE amid heavy volumes.

The Mangalore Refinery and Petrochemicals Limited (MRPL) has been certified with AS9100:D standard prepared by International Aerospace Quality Group (IAQG) to assure customer satisfaction in aviation, space, and defence organisations under the scope of 'production, storage, testing and distribution of aviation turbine fuel.' MRPL is India's first refinery to get this new aerospace standard. The aerospace industry demands the utmost precision, reliability, and safety in its supply chain. As a certified organisation, MRPL is now well-positioned to serve as a trusted partner to aerospace companies within India and globally, a release from the MRPL said on Wednesday. The standard ensures the interaction and configuration of various processes, from sourcing raw materials to the final product certification. The certification process involves a stage audit of the entire life cycle of ATF, involving production criticalities like the addition of qualified additives and catalysts, ...

Mangalore Refinery and Petrochemicals Ltd (MRPL) on Wednesday reported return to profitability in the July-September quarter on the back of a refining margin boost. Net profit of Rs 1,059 crore in July-September is compared with a loss of Rs 1,789 crore in the same period a year back, the company said in a statement. The firm earned USD 17.11 on turning every barrel of crude oil into fuels like petrol and diesel in the quarter as against a negative gross refining margin of USD 4.46 per barrel in the same period last year when the international oil market was volatile in the aftermath of Russia's invasion of Ukraine. Revenue from operations however dropped to Rs 22,844 crore in Q2 from Rs 28,453 crore last year largely because of lower oil prices. PL said it had a record gross crude throughput in July of 1.43 million tonnes in July, surpassing the previous best of 1.42 million tonnes in July 2019. Before a maintenance shutdown, the refinery produced the highest-ever monthly volume o

MRPL's exports, previously 2-3 cargoes each of diesel and jet fuel monthly, have suffered in the last six months as maintenance shutdowns at other refiners raised demand for its fuel

The Mangalore Refinery and Petrochemicals Limited (MRPL), a mini-Ratna CPSE PSU refinery based in coastal Karnataka and a subsidiary of ONGC, has become the single largest PSU-refinery (single location) in the country for the year 2022-23, a release from the company said here Wednesday. MRPL achieved this feat by processing 17.14 million metric tonnes of crude oil during the past financial year. This is also the highest-ever throughput processed by any single-location PSU refinery in India's petroleum refining history, the release said. MRPL processes 10 per cent of the total crude oil refined by the PSU petroleum refineries in the country. Set up as a joint venture refinery in 1988 with a 3.69 MMTPA (million metric tonnes per annum) capacity, MRPL later underwent a second and third-phase expansion to raise its capacity to 15 MMTPA. The refinery configuration has a Nelson Complexity Index of 11.3, one of the highly complex PSU refineries. The MRPL petrochemical intensity is currentl

A shifting energy landscape primarily driven by the uptake of electric vehicles has prompted MRPL to focus its efforts on increasing output of chemicals that can be used for plastics and paints

The expansion plans will be implemented by ONGC's joint venture ONGC Petro additions Ltd (OPaL) and its subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL)

MRPL swung to a third-quarter loss from a year-ago profit on Monday, hurt by the government's windfall tax on some fuel exports and a surge in the cost of materials consumed

According to the technical analyst from Anand Rathi, ABB can advance to Rs 2,880; while MRPL can jump to Rs 57.

Mangalore Refinery and Petrochemicals Ltd (MRPL) net profit zoomed to Rs 2,707 crore in the first quarter of the current fiscal on the back of record refining margins.

MRPL, Chennai Petroleum and Hindustan Oil Exploration soared around 8 per cent each. Oil explorers - Oil India and ONGC also logged smart gains in an otherwise weak market.

Oil prices tumbled about 5 per cent to a three-week low on Friday, as investors feared that interest rate hikes from major central banks could slow the global economy and cut demand for energy.

Is there more steam left in these counters, or is it time to take money off the table? Here's what technical charts suggest.

Higher GRMs are likely to benefit from favourable global refining scenario and the MRPL is expected to report healthy earnings in near term, analysts said