Mangaluru, May 4 -- Mangalore Refinery and Petrochemicals Limited (MRPL) has recorded a profit after tax (PAT) of Rs 1,137 crore during the fourth quarter of the financial year 2023-24 against Rs 1,908 crore in the corresponding period of 2022-23.

The company recorded PAT of Rs 3,596 crore during the financial year 2023-24 against Rs 2,638 crore in 2022-23. MRPL recorded a gross refining margin (GRM) of $11.4 a barrel during the fourth quarter of 2023-24 as against a GRM of $15.1 a barrel in the corresponding period of 2022-23.

The revenue from operations stood at Rs 29,190 crore during the fourth quarter of 2023-24 against Rs 29,401 crore in Q4 of 2022-23. Revenue from operations was at Rs 1,05,223 crore for the financial year 2023-24 ...