Press Release of Board Meeting
Awaiting price reaction for this filing.
MRPL's Board approved audited financial results for Q4 FY25 and full year FY25 on April 26, 2025. For Q4 FY25, revenue from operations was ₹27,601 Cr (down from ₹29,190 Cr in Q4 FY24), with PAT of ₹363 Cr (down sharply from ₹1,137 Cr). GRM fell to US$6.23/bbl from US$11.35/bbl in the year-ago quarter. For full year FY25, revenue grew to ₹1,09,277 Cr (from ₹1,05,223 Cr), but PAT crashed to just ₹51 Cr from ₹3,596 Cr in FY24, with GRM at US$4.45/bbl versus US$10.36/bbl. Operationally, the company posted its highest-ever crude throughput of 18.044 MMT, highest distillate yield of 81.93%, and commissioned new Bitumen train and PFCC Wet Gas Scrubber projects. The Devangonthi Marketing Terminal was also commissioned, and 66 new retail outlets were added.
Sharp profit collapse driven by severe GRM compression, despite record refining throughput and operational efficiencies, signals margin pressure for shareholders. The stock is likely to react negatively given the steep year-on-year earnings fall, though strong physical performance and new project commissions provide some operational comfort.