Mangalore Refinery And Petrochemicals Ltd (MRPL)

Mangalore Refinery and Petrochemicals Ltd Reports Multibagger Returns - 15 May, 2024

Mangalore Refinery and Petrochemicals Limited has delivered multibagger returns of 242 percent in a year with low PEG of 0.21. Its Q4FY24 Revenue from Operations grew by 0.14% to Rs. 25,329 Crores accompanied by profits of Rs. 1,913 Crores.

MRPL to Fund Renovation of Toilets at Bejai Terminal - 14 May, 2024

Mangalore Refinery and Petrochemicals Ltd (MRPL) has pledged INR 40 lakh under its CSR initiative, ArogyaSamrakshan, to fund the renovation and repair of toilet blocks at Karnataka State Road Transport Corporation's Bejai Terminal in Mangaluru.

B Sudarshan Appointed as Executive Director (Refinery) of MRPL - 11 May, 2024

Shri B Sudarshan has been appointed as the Executive Director (Refinery) of Mangalore Refinery and Petrochemicals Ltd. He brings three decades of experience in the Fertilizers, Chemicals, and Refining and Petrochemicals Sector.

B Sudarshan appointed as Executive Director (Refinery) of MRPL - 10 May, 2024

B Sudarshan has been appointed as the Executive Director (Refinery) of Mangalore Refinery and Petrochemicals Ltd. He previously held the position of Group General Manager (Marketing Projects). Sudarshan joined MRPL in 1993 and is an alumnus of Shri Jayachamarajendra College of Engineering.

Motilal Oswal Recommends Selling MRPL with a Target Price of Rs. 175 - 08 May, 2024

Motilal Oswal has recommended selling Mangalore Refinery and Petrochemicals Ltd (MRPL) with a target price of Rs. 175, citing weaker SG GRM QoQ leading to an RoE of 18.2%/15.4%. They value the stock at 6.5x FY26E EBITDA of INR61b to arrive at their TP of INR 175.

Mixed Bag for MRPL as Net Profit Slips and Analysts Recommend Selling - 07 May, 2024

Mangalore Refinery and Petrochemicals Ltd (MRPL) reports a 40% drop in Q4 net profit but records a rise in PAT for FY24. Prabhudas Lilladher recommends selling with a target price of Rs 138 while Motilal Oswal has a sell call with a target price of Rs 175.

MRPL Shares Drop Despite Rise in Q4 Profit - 06 May, 2024

Mangalore Refinery And Petrochemicals Ltd reported a rise in Q4 profit, but its standalone net profit declined by 40.41% to Rs 1,136.84 crore. The company's revenue from operations was flat at Rs 25,328.7 crore, while EBITDA decreased by 33.3% to Rs 2,329.7 crore. MRPL shares dropped up to 9%, despite strong operational numbers.

Mangalore Refinery and Petrochemicals Reports Strong FY 2024 Earnings - 05 May, 2024

Mangalore Refinery and Petrochemicals reported a strong full-year 2024 with an EPS of ₹20.52, up from ₹15.15 in FY 2023. The company's net income increased by 36% YoY due to lower expenses, resulting in a profit margin of 3.4%. However, revenue declined by 3.2% YoY, and the outlook for the next two years is expected to be challenging.

MRPL Reports Decline in Q4 Net Profit - 04 May, 2024

Mangalore Refinery & Petrochemicals Ltd (MRPL) reported a 40.41% YoY decline in Q4 FY24 net profit to Rs 1,136.84 crore but achieved a 36.3% surge in net profit for the entire fiscal year 2023-24. The company proposed a final dividend of Rs 2 per share.

MRPL Reports Decline in Q4 Net Profit and Recommends Dividend - 03 May, 2024

Mangalore Refinery and Petrochemicals Ltd (MRPL) reported a 40.5% YoY decline in Q4 net profit to Rs 1,138.5 crore. The board recommended a final dividend of Rs 2 per share for the financial year 2023-24.

MRPL Stock Exhibits Robust Breakout on Daily Chart - 25 Apr, 2024

Mangalore Refinery & Petrochemicals (MRPL) stock has shown a strong breakout on the daily chart with high volumes, indicating bullish participation at lower levels. The stock found support at its 20-day moving average and rallied sharply.

MRPL Stock Registers High Volume and Price Surge - 24 Apr, 2024

Mangalore Refinery And Petrochemicals Ltd's stock saw a surge in trading volume, registering 282.49 lakh shares traded on NSE, which is 7.46 times higher than the two-week average daily volume of 37.85 lakh shares. The stock also rose by 10.20% to reach Rs.247.45.

Mangalore Refinery and Petrochemicals Ltd sees 510% returns in three years - 20 Apr, 2024

Investors in Mangalore Refinery and Petrochemicals have seen fantastic returns of 510% over the past three years, with a whopping 506% increase in share price. The company became profitable within the last three years, resulting in increased shareholder return boosted by dividends.