MRPL incurs Rs 83 cr loss

MRPL8217;s worst-ever performance came even as its parent firm, HPCL posted a record Rs 249 crore net profit for the same quarter. quot;Despite MRPL8217;s best efforts, its results were impacted primarily due to two major factors beyond its control,quot; the firm said in a statement. quot;Firstly, the lower difference between the international prices of crude and products have impacted the profitability of the company adversely,quot; it said.

Thecompany posted a turnover of Rs 720.54 crore for the quarter ending September 1999, up by 23 per cent against Rs 587 crore in the corresponding period last year.