Shares of Mangalore Refinery and Petrochemicals Limited (MRPL) declined more than 5% in early trade on April 27 after the company reported a sharp deterioration in its fourth-quarter (Q4) financial performance on a consolidated quarter-on-quarter (QoQ) basis.
Q4 Financial Performance (QoQ)
For the quarter under review, MRPL reported revenue of ₹23,949 crore, marking a decline of 3.1% compared to ₹24,712 crore in the previous quarter.
Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at ₹1,783 crore, down 36.0% from ₹2,784 crore QoQ. The EBITDA margin also contracted significantly by 390 basis points to 7.4%, compared to 11.3% in the previous quarter.
The most notable impact was seen at the bottom line level. Net profit fell sharply by 91.9% to ₹117 crore, compared to ₹1,451 crore in the preceding quarter.
Market Reaction
Following the earnings announcement, MRPL shares witnessed selling pressure during morning trade, reflecting investor concerns over declining profitability and margin compression. As of 9:27 AM, the shares were trading 5.15% lower at Rs 176.79.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.