MRPL Results Q1 FY’19: Net Profit INR 362 crore, up 54.6 % and GRM of 8.28 $ / bbl, up 74.7% QoQ

Highlights:

  • Gross Revenue from Operations INR 16,583 Crore, up 14.4 % QoQ
  • Profit Before Tax  INR 562 Crore, up 69.1% QoQ
  • Exports INR 4,326 Crore, up 50.5 % QoQ

The Board of Directors of Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary company of ONGC and Schedule “A” Mini Ratna Company during its 219th Meeting held on 11th August 2018, approved its Un-audited (Limited Review) financial results for the first quarter (Q1) of FY 2018-19 (FY’19) as detailed below:

Financial Performance:

Particulars Q1 FY’18-19 Q1 FY’17-18
Throughput  (MMT) 3.85 3.98
Gross Turnover  (Rs In Crore) 16,573 14,491
Exports (Rs In Crore) 4,326 2,874
EBIDTA (Rs In Crore) 843 607
PBT  (Rs In Crore) 562 332
PAT  (Rs In Crore) 362 234
GRM  (US$ / bbl) 8.28 4.74
(Rs In Crore) 1,567 894

Marketing Initiatives:

The Company has increased its strong market presence by way of direct marketing of its products Petcoke, Sulphur and Polypropylene. The company is increasing the product grades of Polypropylene to enhance Polypropylene market share and thereby fetch higher margins.

Awards and Recognitions:

Company has been recognized with Platinum Trophy at the 18th Annual Greentech Environment Award 2018.

Extract of Standalone Financial Results for the quarter ended June 30, 2018 - Click here