Q4FY21 Company Update - Mangalore Refinery & Petrochem - ICICI Direct

MRPL' Q4FY21 performance was driven by higher throughput as well as inventory gains. Operating revenue increased 47.1% QoQ to Rs. 20788.1 crore while oil throughput also increased 30.8% QoQ to 4 MMT due to improvement in demand of petroleum products QoQ. Reported GRMs were boosted by inventory gains and came in at US$6.5/bbl. Subsequently, EBITDA was at Rs. 845.9 crore, 4.8x QoQ. Reported PAT was at Rs. 328.3 crore vs. Rs. 75.6 crore loss in Q3FY21.

For details, click on the link below: Link to the report

Shares of MANGALORE REFINERY & PETROCHEMICALS LTD. was last trading in BSE at Rs.52.9 as compared to the previous close of Rs. 48.65. The total number of shares traded during the day was 2961551 in over 11980 trades.

The stock hit an intraday high of Rs. 55.2 and intraday low of 51.5. The net turnover during the day was Rs. 156821097.

Source : Equity Bulls

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