Its standalone core operating profit of Rs. 1,537.64 crore for the quarter, clocked growth of 23.17% yoy and 244.35% qoq. Operating profit margin for the current quarter at 16.55% expanded by 547 bps yoy and 1149 bps qoq.
For the year ended March 31, 2016, the company reported standalone net profit of Rs. 1,148.16 crore as compared to net loss of Rs. 1,712.23 crore in the corresponding period of the previous year. Its standalone revenue for the period stood at Rs. 39,647.44 crore, registering decline of 31% yoy.
Result Highlights: (Rs. in crore)
|Reported Results||Bloomberg Estimates||Variance (%)|
|Standalone Net Profit||1353.35||868.1||55.90|
Standalone EPS for the quarter stood at Rs. 7.72.
Management Comments:Corporate Action: Mangalore Refinery and Petrochemicals at its meeting held on May 12, 2016, inter alia, has not recommended any dividend for the FY 2015-16.
Mangalore Refinery And Petrochemicals Ltd is currently trading at Rs. 71.15, down by 0.9 points or 1.25% from its previous closing of Rs. 72.05 on the BSE.
The scrip opened at Rs. 72.7 and has touched a high and low of Rs. 73.65 and Rs. 67.75 respectively. So far 6523622(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 12627.48 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 82.9 on 07-Aug-2015 and a 52 week low of Rs. 47.55 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 73.5 and Rs. 66.65 respectively.
The promoters holding in the company stood at 88.58 % while Institutions and Non-Institutions held 4.11 % and 7.31 % respectively.
The stock is currently trading below its 50 DMA.