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MRPL Rockets 13% on Profit Surge

16 Jul

Summary

MRPL reported a net profit of ₹946 crore in Q1FY27.
Revenue from operations increased by 98.24% to ₹41,609 crore.
MRPL shares have gained 19.24% over the past year.

Mangalore Refinery and Petrochemicals Limited (MRPL) experienced a remarkable surge in its share price, jumping 13% to ₹178.40 on Thursday, July 16. This significant increase followed the company's announcement of a return to profitability for the first quarter of fiscal year 2027 (Q1FY27).

MRPL reported a net profit of ₹946 crore for Q1FY27, a substantial reversal from the ₹271 crore loss recorded in the same quarter of the previous fiscal year. The company's revenue from operations also saw impressive growth, soaring 98.24% to ₹41,609 crore, up from ₹20,989 crore in the year-ago period. Furthermore, earnings before interest, depreciation, tax, and amortisation (Ebitda) jumped by 753% year-on-year.

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