Mangalore Refinery and Petrochemical’s Q4 net profit down 68%
MRPL Q4 Results: Net Profit Declines 68% Amid Challenging Market Conditions
Table of Contents
Key Highlights – Q4 FY25
- Net Profit: ₹363 crore (Down 68.07% YoY)
- Revenue: ₹27,601 crore
- GRM: $6.23 per barrel
- Throughput: 4.64 million tonnes
Q4 FY25 Financial Performance
Mangalore Refinery and Petrochemicals Limited (MRPL) has reported its fourth quarter results for FY 2024-25, with a net profit of ₹363 crore, marking a significant decline of 68.07% compared to ₹1,137 crore in the same period last year. The company’s board approved these results during their meeting on Saturday.
Financial Overview
Total revenue from operations stood at ₹27,601 crore in Q4 FY25, compared to ₹29,190 crore in Q4 FY24. Export revenue showed improvement, reaching ₹11,378 crore, up from ₹9,116 crore in the corresponding quarter.
Key Operational Metrics
| Metric | Q4 FY25 | Q4 FY24 | Change |
|---|---|---|---|
| Gross Refining Margin | $6.23/barrel | $11.35/barrel | -45.11% |
| Throughput | 4.64 MT | 4.60 MT | +0.87% |
| Export Revenue | ₹11,378 cr | ₹9,116 cr | +24.81% |
Operational Performance
Despite challenging market conditions, MRPL maintained stable operational performance with a slight increase in throughput to 4.64 million tonnes. The decline in GRM reflects broader market conditions affecting refining margins globally.
FY 2024-25 Annual Results
For the full fiscal year 2024-25, MRPL recorded a PAT of ₹51 crore, compared to ₹3,596 crore in FY24, representing a 98.58% decline. Annual revenue from operations increased to ₹1,09,277 crore from ₹1,05,223 crore in the previous year.
Annual Performance Highlights
- Record throughput achievement of 18.18 MT (previous: 16.59 MT)
- Annual GRM at $4.45/barrel (FY24: $10.36/barrel)
- Export revenue growth to ₹36,466 crore (FY24: ₹32,519 crore)
Business Expansion and Growth
MRPL demonstrated strong commitment to retail expansion in FY25:
- Added 66 new retail outlets, bringing the total to 167
- Commissioned the Devangonthi marketing terminal in Bengaluru
- Commenced distribution of motor spirit, high speed diesel, and aviation turbine fuel from the new terminal
Strategic Growth
The expansion of retail presence and commissioning of new terminals positions MRPL for stronger market presence and improved distribution capabilities in the coming years.
Published on April 26, 2025
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