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MRPL — Mangalore Refinery and Petrochemicals News Story

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India's Mangalore Refinery and Petrochemicals surge to 2-month high after Q1 profit

BUZZ-India's Mangalore Refinery and Petrochemicals surge to 2-month high after Q1 profit

** Shares of Mangalore Refinery and Petrochemicals MRPL.NS up 12.6% at 177.29 rupees, highest since April 28

** Co posts Q1 consol net profit of 9.46 billion rupees vs loss a year ago; rev from ops nearly doubles to 416.09 billion rupees

** Profit was supported by an exceptional gain of 4.71 billion rupees pertaining to revision in petroleum product prices

** More than 78.7 million shares change hands vs 30-day avg of 8.5 million shares

** YTD, stock up 16.5%


(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))

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