MRPL Surges 12% on Stellar Q3 Profit and Revenue Growth

ENERGY

Overview

Mangalore Refineries and Petrochemicals Ltd. (MRPL) shares jumped nearly 12% after announcing robust third-quarter results. Net profit more than doubled to ₹1,451 crore, driven by a 9% revenue increase to ₹24,712 crore. EBITDA margins also expanded significantly, reflecting strong operational performance.

Mangalore Refineries and Petrochemicals Ltd. (MRPL) shares surged as much as 12% on Wednesday following the company's announcement of strong December quarter financial results. The robust performance ignited investor interest, pushing the stock to significant intraday gains.

Profit Surges

The state-owned refiner reported a net profit of ₹1,451 crore for the quarter ended December 31. This marks a substantial increase from the ₹627 crore profit recorded in the preceding September quarter, effectively more than doubling its profitability.

Revenue and Margins Expand

Revenue for the December quarter grew by 9% to ₹24,712 crore, up from ₹22,684 crore in the September quarter. These revenue figures are adjusted for excise duty. Crucially, Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose significantly to ₹2,784 crore from ₹1,489 crore in the prior period. The EBITDA margin expanded by nearly 500 basis points, reaching 11.3% from 6.6% quarter-on-quarter, indicating enhanced operational efficiency.

Market Reaction

The market responded positively to the strong earnings report. While the stock reached an intraday high of 12%, it later traded 7% higher at ₹155.28. MRPL shares have shown a steady upward trend, gaining 14% over the past year.

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