Robust refining margins drive MRPL’s shift to profitability
Mangalore Refinery and Petrochemicals Ltd (MRPL) has announced a return to profitability in the July-September quarter, buoyed by an increase in refining margins. The company reported a net profit of Rs 1,059 crore in this quarter, compared to a loss of Rs 1,789 crore during the same period last year. This turnaround can be attributed…