Mangalore Refinery and Petrochemicals Limited has informed the Exchange regarding Outcome of Board Meeting held on April 26, 2025.
MRPL · price
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Awaiting price reaction for this filing.
MRPL's board, meeting on April 26, 2025, approved its audited standalone and consolidated results for Q4 FY25 and the full financial year ended March 31, 2025. Standalone revenue from operations for FY25 grew modestly to ₹1,09,277 crore (vs ₹1,05,223 crore in FY24), but net profit collapsed to just ₹50.58 crore from ₹3,595.93 crore a year earlier, a drop of nearly 99%. Q4 FY25 standalone net profit fell to ₹363.14 crore from ₹1,136.84 crore in Q4 FY24. EPS for FY25 came in at ₹0.29 versus ₹20.52 last year. The board did not recommend any dividend for FY25, citing the sharp earnings decline. Auditors issued an unmodified (clean) opinion. The company also appointed M/s Ullas Kumar Melinamogaru & Associates as Secretarial Auditor for FY25-FY27.
The near-99% crash in annual profit and the decision to skip the dividend are clearly negative for shareholders, as profitability collapsed despite slightly higher revenue, indicating heavy margin compression. While revenue growth and a clean audit opinion provide some comfort, the lack of dividend and weak bottom line are likely to weigh on the stock in the near term.