Profit After Tax of Rs 234 Crore as against Rs. 719 Crore in the corresponding quarter of the previous year

New Delhi: The Company's refining throughput stood at 3.98 MMT as against 3.66 MMT in the corresponding quarter of previous year. The GRM for the quarter was posted at $4.74 /bbl as against $ 10.01/bbl during the corresponding quarter of previous year.

 

The Company has posted a Profit before Tax of Rs. 332 Crore as against Rs. 1134 crore during the corresponding previous quarter. 

 

Financial Performance: 

 

MRPL has recorded profit of Rs 234 Cr. after provision of tax  1st Quarter of FY 2017-18 as against Rs. 719 Cr during the corresponding previous quarter. The decrease in profit is on account of reduction in prices of crude oil and finished products which has resulted in inventory loss of Rs. 438 Cr. during the quarter. In the corresponding previous quarter, the company had inventory gain of Rs 859 Crore.

 

The Company has achieved a throughput of 3.98 MMT for three months period ended 30th June 2017 as against 3.66 MMT during the corresponding previous quarter.

 

The Company has achieved an Operating of 7.07 $/bbl for three periods ended 30th June 2017 as against 5.29$/bbl during the corresponding previous quarter. However, the GRM after considering the inventory gain/(loss) at 4.74$bbl for three months period ended 30th June 2017 as against 10.01$bbl during the corresponding previous quarter.