SME Times is powered by   
Search News
Just in:   • Oil prices rises after sharp declines  • Exports growth continues to recede: FIEO chief  • Financial distress in India's thermal power sector  • World Entrepreneurs' Day on Tuesday, Aug 21  • China lodges protest over Pentagon report on planned strikes 
Last updated: 16 May, 2018  

Oil.Rig.9.Thmb MRPL net profit down by 72% in Q4

Oil.9.jpg
   Top Stories
» Exports growth continues to recede: FIEO chief
» World Entrepreneurs' Day on Tuesday, Aug 21
» Rupee closes below the 70-mark, exporters may benefit: Experts
» Forex reserves plunges by over $1.80 bn on rupee crisis
» 'Unorganised food processing sector majorly populated by SMEs'
SME Times News Bureau | 16 May, 2018
Mangalore Refinery and Petrochemicals Ltd (MRPL), a subsidiary of Oil and Natural Gas Corporation (ONGC), on Tuesday reported a 72 per cent fall in its standalone net profit to Rs 542.08 crore in the quarter ended March 31, 2018 as compared to Rs 1,942.42 crore in the year-ago period.

The company said it posted the net profit after considering Rs 162 crore as depreciation, Rs 112 crore as interest cost and net foreign exchange loss of Rs 147 crore during the three months ended March.

During the quarter under review, MRPL has achieved a turnover of Rs 18,746 crore, up 4 per cent from Rs 18,100 crore in the corresponding period previous year. Its exports revenue grew by 31 per cent to Rs 5,128 in the March quarter of 2017-18, as against Rs 3,913 crore in the year-ago period.

"The company has achieved turnover of Rs 63,067 crore (exports of Rs 16,996 crore) during 2017-18 as against Rs 59,415 crore (exports of Rs 14,457 crore) during the 2016-17," it said in a statement.

It has posted net profit of Rs 2,224 crore (after considering Rs 671 crore as depreciation, Rs 440 crore as interest cost and net foreign exchange gain of Rs 13 crore), as against profit after tax of Rs 3,644 crore during FY17.

The company has achieved highest-ever throughput of 16.31 MMT for the FY18 as against 16.27 MMT the previous year.

Its gross refining margin for March quarter stood at US $7.87 a bbl as against US $8.25 per bbl in corresponding quarter of previous year and US $7.54 per bbl for FY18 as against US $7.75 a bbl in previous year.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 19 Aug, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(4)
» Niryat Mitra, a well thought-out app(2)
» Export Promotion Councils should work for promotion of GI Products: Prabhu(1)
» Audi CEO to remain in German police custody(1)
» PMEGP to assist entrepreneurs financially: Dinesh Rai(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter