MRPL spurts on good Q1
By
Research Desk
about 8 years ago
MRPL is amongst the top gainers on the BSE currently, up near its intra day high at Rs.83 levels, up some 5%. Its 52-week high is at Rs.92.55.
The market is extremely enthused with its unexpectedly good performance for Q1FY17. Its net profit was up 78% (YoY) at Rs.720 crore on a total income of Rs.11,591 crore, up 15%. The company’s throughput was lower at 3.66 MMT v/s 3.89 MMT but what really helped boost the margin was the GRM, which rose from $6.62/barrel to $10.01/barrel.
Exports did well with throughput at 1.29 MMT v/s 1.03 MMT and turnover was up from Rs.3352 crore to Rs.3380 crore. EBITDA for the quarter was up 70% at Rs.1221 crore and margins doubled from 5.2% to 10.5%.