Mangalore Refinery and Petrochemicals Limited (MRPL) has reported its financial results for the second quarter of FY25, highlighting a 27% year-on-year (YoY) growth in revenue, which stood at ₹28,785.92 crore, up from ₹22,904.73 crore in Q2 FY24.
However, the company registered a net loss of ₹696.94 crore for the quarter, compared to a profit of ₹1,051.64 crore in the same quarter last year, reflecting a significant decline in profitability.
Key Highlights:
- Revenue from Operations: ₹28,785.92 crore, up 27% YoY from ₹22,904.73 crore in Q2 FY24.
- Net Loss: ₹696.94 crore, compared to a net profit of ₹1,051.64 crore in Q2 FY24.
- Total Income: ₹28,823.32 crore in Q2 FY25.
- Expenses: Total expenses for the quarter amounted to ₹29,886.92 crore, up from ₹21,312.70 crore in Q2 FY24, driven by higher costs of materials consumed and other operating costs.
- Other Income: ₹37.40 crore, down from ₹60.85 crore in Q2 FY24.
- Tax Expenses: The company reported a tax credit of ₹366.71 crore.
MRPL’s financial performance for the quarter was impacted by rising operating expenses, along with higher finance and depreciation costs, which weighed heavily on the bottom line. Despite higher revenue growth, the company recorded a loss, primarily due to increased costs associated with material consumption and other operational expenses.
Outlook:
The company will continue to focus on improving operational efficiency and cost management to mitigate the impact of rising costs and return to profitability in the upcoming quarters.
