Mangalore Refinery and Petrochemicals Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 192,296.5 million compared to INR 246,080.2 million a year ago. Revenue was INR 229,047.4 million compared to INR 284,778.1 million a year ago. Net income was INR 10,516.8 million compared to net loss of INR 17,792.6 million a year ago. Basic earnings per share from continuing operations was INR 6 compared to basic loss per share from continuing operations of INR 10.15 a year ago. Diluted earnings per share from continuing operations was INR 6 compared to diluted loss per share from continuing operations of INR 10.15 a year ago.
For the six months, sales was INR 404,027.7 million compared to INR 568,977.5 million a year ago. Revenue was INR 477,890.5 million compared to INR 644,300 million a year ago. Net income was INR 20,664.7 million compared to INR 9,370 million a year ago. Basic earnings per share from continuing operations was INR 11.79 compared to INR 5.35 a year ago. Diluted earnings per share from continuing operations was INR 11.79 compared to INR 5.35 a year ago.