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MRPL Posts Record Refining Highs

MRPL Posts Record Refining Highs But Profit Margins Shrink in FY25

MRPL Posts Record Refining Highs But Profit Margins Shrink in FY25

New Delhi, April 29: Mangalore Refinery & Petrochemicals (MRPL) slipped 1.71% to Rs 134.85 after the company reported 68.05% decline in standalone net profit to Rs 363.14 crore in Q4 FY25 as against Rs 1,136.84 crore posted in Q4 FY24.

Revenue from operations (excluding excise duty) declined 2.89% YoY to Rs 24,595.87 crore in the quarter ended 31 March 2025.

Profit before tax dropped by 66.90% year on year to Rs 584.38 crore in the quarter ended 31 March 2025.

The companys throughput (crude + others) for Q4 FY25 was 4.64 MMT as against 4.60 MMT in Q4 FY24.

Gross refining margin (GRM) reduced to $6.23 per barrel in Q4 FY25 as compared with $11.35 per barrel in Q4 FY24.

EBIDTA for the fourth quarter of FY25 stood at Rs 1,168 crore, down 50.52% compared with Rs 2,361crore posted in the same quarter last year.

On a full-year basis, the company’s consolidated net profit dropped 98.6% to Rs 50.58 crore on 4.7% rise in revenue (excluding excise duty) to Rs 94,681.62 crore in FY25 over FY24.

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