MRPL quarter 4 profits up

Mangaluru: Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of ONGC, has earned profit after tax of Rs 3,008 crore in the fourth quarter (Q4) of this year, as against Rs 268 crore for the same period last year.
The gross revenue from operations was Rs 28,228 crore (Q4 FY’21 Rs 20,793 crore) and profit before tax was Rs 2,323 crore, as against Rs 428 crore in Q4 FY’21.
The board of directors of MRPL, during its 245th meeting held on Wednesday, approved its standalone and consolidated audited financial results for the fourth quarter (Q4 FY’22) and year ended (FY’22), ended March 31, 2022.
Some of the major highlights for Q4 FY’22 are capacity utilisation achieved for current financial year FY’22 was 100.2% as compared to 76.7% during previous financial year (FY’21); capacity utilisation achieved for fourth quarter (Q4 FY’22) of current financial year was 116.96%.