Mangalore Refinery and Petrochemicals (MRPL) has declared fourth quarterly results for the period till 31, March 2009.

The company said that it has recorded more than two folds growth in net profit which stood at Rs 608 crore during the quarter under review, as compared to Rs 225 crore in same period of fiscal 2008.

However, company’s total income has witnessed a decline by 31% to Rs 6,605 crore during the March quarter, from Rs 9,532 in the same quarter last fiscal.

Company’s board has recommended a dividend of 12% at the rate of Rs 1 per share, on shares of face value of Rs 10 per share.

For the financial year ended on March 31, 2009, MRPL has clocked a dip of 6.26% in the net profit which stood at Rs 1,192 crore, as compared to net profit of Rs 1,272 crore in Financial Year 2008.

In the same year, company’s total income climbed 17.21% to Rs 38,430 crore, from Rs 32,786 crore in the year-ago period.

Stock of Mangalore Refinery and Petrochemical marked its closure at Rs 75, after making a gain of 15.60% on Bombay Stock Exchange (BSE). The total volume of shares traded on BSE was 68 lakh.