MRPL Results Q1 FY’19: Net Profit INR 362 crore, up 54.6 % and GRM of 8.28 $ / bbl, up 74.7% QoQ
- Gross Revenue from Operations INR 16,583 Crore, up 14.4 % QoQ
- Profit Before Tax INR 562 Crore, up 69.1% QoQ
- Exports INR 4,326 Crore, up 50.5 % QoQ
The Board of Directors of Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary company of ONGC and Schedule “A” Mini Ratna Company during its 219th Meeting held on 11th August 2018, approved its Un-audited (Limited Review) financial results for the first quarter (Q1) of FY 2018-19 (FY’19) as detailed below:
|Particulars||Q1 FY’18-19||Q1 FY’17-18|
|Gross Turnover||(Rs In Crore)||16,573||14,491|
|Exports||(Rs In Crore)||4,326||2,874|
|EBIDTA||(Rs In Crore)||843||607|
|PBT||(Rs In Crore)||562||332|
|PAT||(Rs In Crore)||362||234|
|GRM||(US$ / bbl)||8.28||4.74|
|(Rs In Crore)||1,567||894|
The Company has increased its strong market presence by way of direct marketing of its products Petcoke, Sulphur and Polypropylene. The company is increasing the product grades of Polypropylene to enhance Polypropylene market share and thereby fetch higher margins.
Awards and Recognitions:
Company has been recognized with Platinum Trophy at the 18th Annual Greentech Environment Award 2018.