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Monday, June 05 2023
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MRPL BoD approves Unaudited Financial  Results for Q1 FY’23

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Mangaluru: The Board of Directors ( BoD ) of Mangalore Refinery and Petrochemicals  Limited (MRPL), a subsidiary company of ONGC and Schedule “A” Mini  Ratna Category I Company during its 247th Meeting held on July 28,  2022, approved it’s Standalone and Consolidated Unaudited Financial  Results for the First Quarter (Q1 FY’23) ended June 30, 2022.

Amalgamation of ONGC Mangalore Petrochemicals Limited (OMPL) with  the Company:

  • The figures for the quarter ended June 30, 2021 have been restated pursuant to the scheme of Amalgamation (‘the Scheme’) approved by the Ministry of Corporate Affairs (MCA) vide its order  No. 24/3/2021-CL-III dated April 14, 2022 and the amalgamating  company has been amalgamated with the Company with effect  from April 1, 2021 (‘the appointed date’).

Financial Highlights for the First quarter Q1 FY’23 (Q1 FY’22):

  • Gross revenue from operations ` 35,915 Crore (Q1 FY’22 ` 15,069 Crore).
  • Profit before Tax ` 4,153 Crore (Q1 FY’22 Loss before tax ` 299 Crore).
  • Profit after Tax of ` 2,707 crore (Q1 FY’22 Loss after tax ` 230 Crore).
  • GRM of 24.45 $/bbl (Q1 FY’22 GRM of 4.94 $/bbl).

PRESS RELEASE Q1 FY 2022 23 page 0002 2

Major Highlights for the Quarter (Q1 FY’23):

  1. MRPL has recorded highest ever Q1 net throughput of 4.29 MMTPA with a capacity utilization 114.34%, against the previous best of 3.98 MMTPA (capacity utilization of 106.13%) which was achieved in 2017-18 Q1.
  2. MRPL consistently achieved capacity utilization of 115.94% in Q3 FY2021-22, 116.74% in Q4 FY2021-22 and 114.34% in Q1 FY2022-23.
  3. MRPL achieved highest ever HSD Dispatch of 737 TMT in the month of May-22. (Previous highest was 665 TMT in the month of Mar-22). This achievement was made possible by the commissioning of New HSD tanks and New HSD product  evacuation facilities.
  4. MRPL Produced highest ever 615 TMT “BSVI MS & MS95(Non-BS-VI Quality)” streams in Q1 FY22-23 (Avg 205 TMT per month). MRPL achieved Ever highest “BSVI MS & MS-95 Non-BS-VI Quality)” production of 211 TMT in the month of  June-22. (Previous highest was 204 TMT in the month of Mar-22)
  5. MRPL has processed new crudes i.e. Kuwait Super Light crude (Kuwait, API 48.91) & Khafji crude (Neutral Zone, API-29.07) during the quarter.
  6. MRPL has obtained Department of Scientific and Industrial Research (DSIR) recognition for MRPL In-house R&D facility in the current quarter.
  7. MRPL has commissioned 4 new Retail outlets in the quarter taking the total to 36.

Read more:

MRPL clarifies about “smoke coming out from MRPL”

MRPL to general public: Don’t fall for fake employment scams

MRPL wins PRCI Zonal Award for Best PSU CSR for Social Cause

Community Hall at Kulai sponsored by MRPL CRS opens

MRPL PEP Fuels begin Door-to-Door Delivery of HSD

MRPL holds first “HiQ Retail Outlet Dealer Meet” at refinery premises

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