Mangalore Refinery and Petrochemicals (500109) Q3 24/25 earnings summary

Executive summary

• Revenue from operations for Q3 FY25 was ₹25,600.78 crore, down from ₹28,785.92 crore in the previous quarter and ₹28,364.37 crore in Q3 FY24.

• Net profit for Q3 FY25 stood at ₹309.30 crore, a recovery from a loss of ₹696.94 crore in Q2 FY25, but lower than ₹392.08 crore in Q3 FY24.

• Total comprehensive income for Q3 FY25 was ₹308.18 crore.

Financial highlights

• Total income for Q3 FY25 was ₹25,634.10 crore, compared to ₹28,823.32 crore in Q2 FY25 and ₹28,403.95 crore in Q3 FY24.

• Profit before tax for Q3 FY25 was ₹474.46 crore, compared to a loss of ₹1,055.72 crore in Q2 FY25 and profit of ₹596.17 crore in Q3 FY24.

• Earnings per share (basic and diluted) for Q3 FY25 was ₹1.76, compared to a loss of ₹3.98 in Q2 FY25 and ₹2.24 in Q3 FY24.

Outlook and guidance

• The company continues to operate in a single segment: Petroleum Products.

• Management has requested the appointment of new Independent Directors to comply with regulatory requirements.