Mangalore Refinery and Petrochemicals's shares have fallen 16.35% in the last 12 months and 4.25% year-to-date. (Source: Mangalore Refinery/ X profile) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Mangalore Refinery and Petrochemicals Ltd. swung to profit in the second quarter of this financial year.

It posted a consolidated profit of Rs 627 crore in the quarter ended September. This is in comparison to a loss of Rs 271 crore in the previous quarter, according to its stock exchange notification on Wednesday.

Revenue increased 30.5% quarter-on-quarter for the three months ended September, reaching Rs 22,649 crore. Operating income, or earnings before interest, taxes, depreciation, and amortisation, surged to Rs 1,489 crore. The Ebitda margin was at 6.6%.

Revenue from

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