MRPL share price has zoomed 5% and is presently trading at Rs 241.0.
Meanwhile, the BSE OIL & GAS index is at 30,906.4 (up 1.5%).
Among the top gainers in the BSE OIL & GAS index today are HPCL (up 3.2%) and Petronet LNG (up 2.4%).
GUJARAT GAS (down 0.9%) and GAIL (down 0.1%) are among the top losers today.
Over the last one year, MRPL has moved up from Rs 84.5 to Rs 241.0, registering a gain of Rs 156.5 (up 185.3%).
On the other hand, the BSE OIL & GAS index has moved up from 19,003.7 to 30,906.4, registering a gain of 62.6% during the last 12 months.
The top gainers among the BSE OIL & GAS index stocks during this same period were GAIL (up 110.1%), ONGC (up 86.9%) and IOC (up 79.3%).
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The BSE Sensex is at 79,799.3 (down 0.2%).
The top losers among the BSE Sensex today are Nestle (down 1.9%) and Bajaj Finance (down 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Power Grid Corp..
In the meantime, NSE Nifty is at 24,292.4 (down 0.1%). Nestle and Bajaj Auto are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 79,799.3, registering a gain of 14,455.1 points (up 22.1%).
MRPL net profit fell 40.4% YoY to Rs 11,368 million for the quarter ended March 2024, compared to a profit of Rs 19,080 million a year ago. Net sales declined 0.7% to Rs 291,901 million during the period as against Rs 294,015 million in January-March 2023.
For the year ended March 2023, MRPL reported 10.2% decrease in net profit to Rs 26,554 million compared to net profit of Rs 29,583 million during FY22. Revenue of the company grew 74.0% to Rs 929,762 million during FY23.
The current Price to earnings ratio of MRPL, based on rolling 12 month earnings, stands at 11.8.
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