MRPL Q2 results, reported loss of Rs 683.6 crore

New Delhi: Mangalore Refinery and Petrochemicals Ltd (MRPL) reported a loss of Rs 683.6 crore for the second quarter that ended September 30, 2024, on Friday (October 18). 

Mangalore Refinery and Petrochemicals posted a net profit of Rs 1,059 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

The company's revenue from operations increased 29% to Rs 24,967.9 crore as against Rs 19,353.3 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA loss was Rs 473.8 crore in the second quarter of this fiscal year, compared to Rs 2,138.3 crore in the corresponding period of the previous fiscal year. The results came after the close of the market hours. Shares of Mangalore Refinery and Petrochemicals Ltd ended at Rs 165.60, down by Rs 3.15, or 1.87% on the BSE.