Mangalore Refinery and Petrochemicals Ltd (MRPL) shares fell nearly 3% on Monday after the company reported disappointing Q4 results for the financial year 2024. As of 10:31 AM, the shares were trading 3.79% down at Rs 131.92.
MRPL’s net profit for the March quarter slumped 68% to ₹363 crore, compared to ₹1,136 crore in the same quarter last year. Revenue also declined by 2.9%, coming in at ₹24,596 crore against ₹25,328 crore a year ago.
The company’s EBITDA dropped sharply by 51.7% to ₹1,130 crore from ₹2,339 crore in Q4 FY23. Moreover, MRPL’s EBITDA margin contracted significantly to 4.6% from 9.2% in the corresponding period of the previous year, indicating pressure on profitability.
MRPL shares opened at ₹133.00 today, reaching a high of ₹134.88 and dipping to a low of ₹130.70 during trading. The stock remains well below its 52-week high of ₹259.90 but above its 52-week low of ₹98.92.
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