Mangalore Refinery and Petrochemicals (500109) Q1 24/25 earnings summary

Executive summary

• Standalone and consolidated unaudited financial results for Q1 FY2024-25 were approved by the Board on July 22, 2024, following Audit Committee review.

• Appointment of Shri Yogish Nayak S as CFO effective July 22, 2024, and M/s Bandyopadhyaya Bhaumik & Co. as Cost Auditor for FY2024-25.

Financial highlights

• Standalone revenue from operations for Q1 FY2024-25 was ₹27,289.40 crore, up from ₹24,825.08 crore in Q1 FY2023-24.

• Standalone net profit for Q1 FY2024-25 was ₹65.57 crore, compared to ₹1,012.74 crore in Q1 FY2023-24.

• Consolidated revenue from operations for Q1 FY2024-25 was ₹27,289.40 crore, with consolidated net profit at ₹73.22 crore, down from ₹1,014.79 crore in Q1 FY2023-24.

• Basic and diluted EPS for Q1 FY2024-25 stood at ₹0.37 (standalone) and ₹0.42 (consolidated), compared to ₹5.78 and ₹5.79 respectively in Q1 FY2023-24.

Outlook and guidance

• No explicit forward-looking guidance provided, but management continues to engage with the government regarding excise duty impacts.