MRPL Share Fell before Reporting Muted FY25 Results; No Dividend as Focus Shifts to Future Resilience
Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of Oil and Natural Gas Corporation (ONGC), disclosed its audited financial outcomes for the quarter and fiscal year ended March 31, 2025. The results highlighted subdued profitability and a cautious approach toward cash management amid a challenging global environment.
Key Financial Highlights for MRPL Share:
- Total Revenue (Standalone): ₹1,09,453 crore in FY25, up slightly from ₹1,05,415 crore in FY24.
- Net Profit (Standalone): ₹50.58 crore, a sharp fall from ₹3,595.93 crore reported in the previous year.
- Consolidated Revenue: ₹1,09,430.70 crore.
- Consolidated Net Profit: ₹56.21 crore.
Revenue growth was driven by stronger operational performance; however, margins came under pressure due to volatile raw material costs and foreign exchange fluctuations.
Despite the operational gains, the Board opted not to recommend any dividend for FY25, citing the need to preserve liquidity and strengthen the balance sheet.
Expense Surge and Profitability:
Total standalone expenses grew to ₹1,09,340 crore, primarily due to high material costs, excise duties, and finance charges. Finance costs alone stood at ₹1,008 crore for the year.
On a consolidated basis, the company’s operating margin dropped to 1.03%, while the net profit margin dwindled to a mere 0.06% from 3.98% a year ago.
Balance Sheet Position:
- Total Assets: ₹34,399 crore as of March 31, 2025 (versus ₹35,399 crore a year earlier).
- Total Borrowings: ₹12,866 crore, marking a marginal increase year-over-year.
- Net Worth: ₹12,934 crore.
The debt-to-equity ratio stood at 0.99x, reflecting a moderately leveraged capital structure.
Click Here To Read Official File of Mangalore Refinery Results
Corporate Announcements:
The Board also approved the appointment of M/s Ullas Kumar Melinamogaru & Associates as the Secretarial Auditors for FY25 and FY26, extendable by one additional year.
Moreover, MRPL’s investment in its joint venture, Shell MRPL Aviation Fuels and Services Limited, contributed ₹28.13 crore to consolidated profits this year.
Future Outlook for MRPL Share:
With volatility expected to persist in global energy markets, MRPL emphasized its commitment to operational optimization, debt reduction, and exploring strategic initiatives for sustainable growth.
The company’s shares are expected to remain range-bound in the short term as investors weigh the muted earnings against long-term recovery prospects.
Also Read: SBFC Finance Announces FY25 Results: Net Profit at ₹3,452.99 Million, Maintains Strong Liquidity
MRPL Share Price
On Friday, shares of Mangalore Refinery and Petrochemicals Limited (MRPL) came under pressure, sliding 3.39% to settle at ₹136.40 on the NSE. MRPL Share opened at ₹141.75, slightly above its previous close of ₹141.20, but could not sustain the early gains. MRPL Share witnessed selling throughout the session, touching a low of ₹134.00 before recovering marginally. The day’s trading range remained between ₹134.00 and ₹141.90.
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