Mangalore Refinery And Petrochemicals Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 40204.62 Crore) operating in Gas & Petroleum sector.
MRPL reported a profit after tax (PAT) of Rs 1,137 crore in the fourth quarter of the financial year 2023-24, with a gross refining margin (GRM) of $11.4 a barrel. The company's revenue from operations stood at Rs 29,190 crore for Q4 2023-24. Additionally, MRPL improved its debt equity ratio from 1.7 to 0.9.
BSE was the top gainer in the Nifty500 index, soaring 521 percent, followed by IRFC and Suzlon Energy, which skyrocketed 462 percent and 444 percent, respectively.
Indian state-owned companies stocks surged in FY24, outperforming mid- and small-cap stocks. BSE PSU index nearly doubled, boosted by govt s capex spending hike and anticipated BJP victory. Railway, power, defence, and oil sectors also showed impressive gains.
State-owned oil and gas companies, including IndianOil, ONGC, and GAIL (India), have been fined for the third consecutive quarter for not meeting listing norm requirements regarding the number of directors on their board. The fines, totaling Rs 32.5 lakh, were imposed by stock exchanges for the quarter ended December 31, 2023.