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Mangalore Refinery and Petrochemicals Limited Mar-23 Quarter (Mangalore Refinery), Revenue slip by 5.1% to Rs.29401 Crore and Profit flies more than 1000% to Rs.1913 Crore

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Mangalore Refinery, has announced a revenue of Rs.29401 Crore, which has lessen by 5.1% as compared to previous quarter revenue of Rs.30966 Crore. On analysis, it is observed that EBITDA (Operating Profit) Margin has grown to 11.9% from 0.9%.



The reason for the increase of EBITDA Margin is due to,                                                

a) Cost to Revenue % of Cost of Sales has diminish to 72.2% (Previous Quarter: 82.2%). Cost of Sales has nose-dives from Rs.25454 Crore to 21232 Crore.                                                  

b) Cost to Revenue % of Employee Cost has zooms to 0.8% (Previous Quarter: 0.5%). Employee Cost has increases sharply from Rs.153 Crore to 248 Crore.                                                           

c) Cost to Revenue % of Other Expenses has slides to 15.1% (Previous Quarter: 16.4%). Other Expenses has shrinks from Rs.5072 Crore to 4431 Crore.

                                                           

The finance cost has lessen from Rs.338 Crore to 330 Crore by -2.3%.

 



                                                          

On an annual basis, the company has clocked revenue of Rs. 124736 Crore. It has flies by 44.9% from previous financial year revenue of Rs. 86064 Crore.                                                       

                                                           

Profit has slip to Rs.2655 Crore from Rs.2958 Crore, a year ago. Net Profit after Tax Margin has nearly remains regular from 3.4% to 2.1%. Primary reason that profit has slip during the year is due:                                                          

a) Cost to Revenue % of Cost of Sales has surge to 79.1% (Previous Year: 72.3%). In Absolute, Cost of Sales has balloons from Rs.62226 Crore to 98669 Crore.                                               

b) Cost to Revenue % of Employee Cost has turndowns to 0.6% (Previous Year: 0.8%). In Absolute, Employee Cost has nearly maintains same from Rs.698 Crore to 698 Crore.

c) Cost to Revenue % of Other Expenses has slumps to 15.1% (Previous Year: 21.2%). In Absolute, Other Expenses has upscales from Rs.18209 Crore to 18873 Crore.                                                     

                                   

The finance cost during the year has surge from Rs.1207 Crore to 1285 Crore by 6.5%

                                                           

Price to Earning (PE) ratio of the company is 5.08 as compared to the Industry PE of 36.97. Low PE signifies that there can be scope of increase in share prices in future. Companies Return on Equity (ROE) is 26.9% and Return of Capital Employed (ROCE) is 20.7%                                                        

Company has in the past four years reflected a Compounded Annual Growth Rate (CAGR) in Revenue of 25.1%.

                                                           

The Brief of Quarterly Results is as follows:

                                                       

Disclaimer : The information and analysis of financial results or financial statements are purely informative in nature and shall not be consider as any form of investment or any other sort of advice to buy / sell / hold any stock , units or any other financial instruments or advice to make any other form of decision whatsoever.

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