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MRPL posts Rs 62 cr loss in Jan-March quarter

By Religare
|

Mangalore Refinery and Petrochemicals Ltd. (MRPL), a subsidiary of Oil and Natural Gas Corp, has posted a net loss of Rs 61.9 crore for the quarter ended March 31, 2013, as against the net profit of Rs 601.9 crore in the year-ago period.

Total income of the company has however increased by 16 per cent to Rs 18,675.6 crore during January-March quarter 2013, from Rs 16,106.9 crore earned in the year ago period, the Mini Ratna company said in a filing to the Bombay Stock Exchange.

 

Reacting to the Q4 numbers, shares of the company were trading at Rs 41.75 a piece, down 0.48 per cent as against previous close on BSE at 15:13 hours.

Story first published: Friday, May 24, 2013, 23:37 [IST]
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