Mangalore Refinery And Petrochemicals Ltd's Q3FY25 Quarter Results
- 22 Jan 2025
Result Summary
- Mangalore Refinery And Petrochemicals Ltd reported a 2.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 3.7%.
- Its expenses for the quarter were down by 3.5% QoQ and up 4.3% YoY.
- The net profit decreased 144.4% QoQ and decreased 21.1% YoY.
- The earnings per share (EPS) of Mangalore Refinery And Petrochemicals Ltd stood at 1.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 25634.10 | 25005.27 | 24716.49 | 2.5% | 3.7% |
Total Expenses | 25164.75 | 26068.87 | 24125.34 | -3.5% | 4.3% |
Profit Before Tax | 469.35 | -1063.60 | 591.15 | -144.1% | -20.6% |
Tax | 165.16 | -358.78 | 204.09 | -146.0% | -19.1% |
Profit After Tax | 309.30 | -696.94 | 392.08 | -144.4% | -21.1% |
Earnings Per Share | 1.80 | -4.00 | 2.20 | -145.0% | -18.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Mangalore Refinery And Petrochemicals Ltd (MRPL) is a leading entity in the oil and gas sector, primarily engaged in the refining of crude oil and the production of various petrochemical products. The company operates in the energy industry, which is characterized by its capital-intensive nature and significant influence on national and global economic activities. MRPL plays a crucial role in the supply of petroleum products in India, contributing to the country's energy security. The company is known for its modern refinery complex and its ability to produce a wide range of petroleum products including fuels, lubricants, and petrochemicals. In recent times, MRPL has been involved in capacity expansion projects and technological upgrades to enhance its operational efficiency and product offerings. No specific recent major developments are mentioned in the data provided.
Revenue
For the third quarter of the fiscal year 2025 (Q3FY25), Mangalore Refinery And Petrochemicals Ltd reported a total income of ₹25,634.10 crores. This represents a quarter-over-quarter (QoQ) increase of 2.5% from ₹25,005.27 crores in Q2FY25. Compared to the same quarter in the previous fiscal year (Q3FY24), there is a year-over-year (YoY) increase of 3.7% from ₹24,716.49 crores. The growth in total income over both the previous quarter and the same quarter last year reflects the company's ability to maintain its revenue stream amidst fluctuating market conditions.
Profitability
In Q3FY25, MRPL recorded a Profit Before Tax (PBT) of ₹469.35 crores, marking a significant improvement from a loss of ₹1,063.60 crores in the previous quarter (Q2FY25). However, this figure represents a decrease from the PBT of ₹591.15 crores in Q3FY24, reflecting a YoY decline of 20.6%. The company’s Profit After Tax (PAT) for Q3FY25 was ₹309.30 crores, compared to a loss of ₹696.94 crores in Q2FY25 and a PAT of ₹392.08 crores in Q3FY24, showing a YoY decrease of 21.1%. Earnings Per Share (EPS) stood at ₹1.80 in Q3FY25, compared to ₹2.20 in Q3FY24, representing an 18.2% decline YoY. These figures highlight the fluctuations in profitability, with notable improvements in the current quarter compared to the previous quarter, but a decrease compared to the same quarter last year.
Operating Metrics
The total expenses for MRPL in Q3FY25 amounted to ₹25,164.75 crores, demonstrating a QoQ decrease of 3.5% from ₹26,068.87 crores in Q2FY25. Year-over-year, expenses increased by 4.3% from ₹24,125.34 crores in Q3FY24. The reduction in expenses from the previous quarter suggests a potential improvement in cost management or operational efficiency. However, the YoY increase indicates a rise in costs over the longer term. The financial metrics provided do not include specific details on the company's debt levels, liquidity, or other operating metrics such as production volumes or capacity utilization. Thus, this analysis is limited to the financial data available.
