Skip to main content

MRPL Q4 net up at Rs 608 cr

Mangalore Refinery & Petrochemicals Ltd (MRPL) informed on Wednesday that its net profit has increased nearly two-fold on higher refining margins, other income and lower provision of tax for the fourth quarter ended March 31, 2009. The company ha s shown the current tax liability at Rs 238.60 crore against Rs 283.12 crore in the previous corresponding quarter. Expenditure is shown at Rs 5,689.16 crore against Rs 9,187.18 crore in the same quarter of previous fiscal.

The company’s profit from operations before tax improved significantly to Rs 883.94 crore (Rs 309.97 crore) on higher refining margins.

The company posted a net profit of Rs 607.62 crore on lower tax provisioning for the fourth quarter ended March 31, 2009, an increase of 170 per cent over the Rs 225.33 crore in the same quarter of 2007-08.

Total income for the quarter has decreased to Rs 6,605.95 crore from Rs 9,532.00 crore in the year-ago period.

The company’s at it meeting on May 27 has recommended a dividend of Rs 1.20 per share (12 per cent.
Labels:

Comments

Post a Comment

Popular posts from this blog

Jyoti Structures bags Rs 253 cr worth orders

Jyoti Structures on Tuesday said it has bagged two orders worth Rs 253 crore from Uganda Electricity Transmission Company Ltd and Eskom Enterprises (Pty) Ltd for construction of transmission lines. The company has bagged Rs 160-crore order from Uganda Electricity Transmission Company Ltd for construction of transmission lines and sub-stations. Besides, the company's joint venture company Jyoti Structures Africa (Pty) Ltd has bagged a contract for Eskom Enterprises (Pty) Ltd, the electricity utility of South Africa for construction of transmission line. The scope of the order from Uganda Electricity Transmission Company includes supply and erection of Bujagali Interconnection Project, the manufacturer of transmission line towers informed the Bombay Stock Exchange. The contract valued at around $39.64 million (Rs 160 crore) is to be executed in 24 months, the company said, adding the company would construct 220 kV and 132 kV transmission lines and substations.
Post a Comment
Read more

Company News

ITI Ltd seeks Rs2,000 crore aid from government (Live mint.com 26th Dec 2007) The funds are being sought to wipe out accumulated losses of Rs2,225 crore and to obtain working capital for telecom equipment manufacturing. According to a company official who did not wish to be named, a committee has been set up by the Centre to finalize the package. More
Post a Comment
Read more

Inflation hits 42-week high of 7.57%

Inflation rose to a 42-week high of 7.57 per cent in the 12 months to April 19, higher than the previous week’s annual rise of 7.33 per cent, largely on account of an increase in food, metal products and industrial fuel prices, official data showed. Analysts said that the inflation of 7.57 per cent was “slightly higher” than their expectations and this could be due to price increase in tea and certain items in the steel group. India’s wholesale price index (WPI) based inflation now stood highest since November 13, 2004, when it was 7.68 per cent. Economists expressed confidence that the recent fiscal and monetary measures would yield results in the coming weeks. They, however, noted that inflation was unlikely to return to the comfort zone of the Reserve Bank of India any time this fiscal. “There could be some easing of food inflation given the good wheat production and likelihood of good monsoon. I see some temporary relief on food side. But commodities are tough to predict. The infla...
Post a Comment
Read more