Mangalore Refinery and Petrochemicals Limited (MRPL) announced its financial results for Q3 FY25, reporting a significant recovery in profitability despite a year-on-year decline in revenue.
Key Financial Metrics (₹ in Crores):
Revenue from Operations:
- Q3 FY25: ₹25,600.78
- QoQ: Decline of 7.38% from ₹27,785.92 in Q2 FY25.
- YoY: Decline of 9.74% from ₹28,364.37 in Q3 FY24.
Net Profit:
- Q3 FY25: ₹309.30
- QoQ: Marked improvement from a loss of ₹(696.94) in Q2 FY25.
- YoY: Decline of 21.14% from ₹392.08 in Q3 FY24.
Total Expenses:
- Q3 FY25: ₹25,164.75
- QoQ: Decreased by 15.79% from ₹29,886.92 in Q2 FY25.
- YoY: Decline of 9.52% from ₹27,812.80 in Q3 FY24.
Performance Highlights:
- Sequential Revenue Decline: MRPL faced a drop in revenue due to lower realizations and operational throughput. However, improved cost management helped offset this decline.
- Expense Management: Effective cost reduction measures, particularly in inventory changes and operational costs, contributed to a sequential profitability recovery.
- Profitability Rebound:
- MRPL turned its losses from Q2 FY25 into a net profit of ₹309.30 crore in Q3 FY25, showcasing operational efficiency.
- The YoY decline in net profit reflects the challenges posed by fluctuating global crude oil prices and refining margins.
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