Mangalore Refinery And Petrochemicals Ltd's Q1FY19 standalone net profit rises 54.55% yoy to Rs361.96cr

The company’s standalone revenue stood at Rs16,582.69cr, up 14.41% yoy.

Aug 15, 2018 02:08 IST India Infoline Research Team

Mangalore Refinery And Petrochemicals Ltd Q1FY19

Standalone Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
Revenue 16,582.69 14.4
EBITDA 843 38.9
EBITDA Margin (%) 5.1 89
Net Profit 361.96 54.6
***EBITDA margin change is bps

Mangalore Refinery and Petrochemicals Ltd's revenue for Q1FY19 grew by 14.4% yoy to Rs16,582.69cr against Rs14,494.61cr in Q1FY18. EBITDA for the quarter grew by 38.9% yoy to Rs843cr against Rs607cr. EBITDA margin grew by 89bps yoy to 5.1%. Net profit for the quarter grew by 54.6% yoy to Rs361.96cr against Rs234.21cr last year.

• Throughput declined by 3.3% yoy to 3.85MMT against 3.98MMT in Q1FY18.
• Exports grew by 50.5% yoy to Rs4326cr.
• Gross Refining Margin (GRM) for the quarter stood at $8.28/bbl against $4.74/bbl in Q1FY18.

Technical View:

Mangalore Refinery And Petrochemicals Ltd ended at Rs. 80.90, down by 1 points or 1.22% from its previous closing of Rs. 81.90 on the BSE.
The scrip opened at Rs. 82 and touched a high and low of Rs. 82.50 and Rs. 79.65 respectively. A total of 9,89,662 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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