Standalone and Consolidated Audited Financial Statements for the quarter and year ended March 31, 2025.
Awaiting price reaction for this filing.
MRPL, an ONGC subsidiary and Government of India enterprise, declared its audited financial results for Q4 FY25 and full year FY25. Revenue from operations for FY25 stood at ₹1,09,277 crore, up about 3.9% from ₹1,05,223 crore in FY24, but net profit collapsed sharply to just ₹50.58 crore from ₹3,595.93 crore a year earlier. For Q4 FY25 alone, revenue declined to ₹27,601 crore from ₹29,190 crore in Q4 FY24, while quarterly net profit fell to ₹363.14 crore from ₹1,136.84 crore. Operating margin for FY25 compressed dramatically to 1.00% from 7.14% in FY24. The Board did not recommend any dividend for FY24-25. The statutory auditors issued an unmodified (clean) opinion on the financial statements.
Massive profit compression despite modest revenue growth signals severe margin pressure for shareholders, likely negative for stock sentiment. No dividend declaration removes income support for investors, though the clean audit opinion maintains credibility.