MRPL Ltd reported -14.42% fall in total revenues for the Dec-20 quarter on consolidated basis at Rs14,078cr. The company is in the business of refining crude and hence the GRMs are dependent on the level of crude prices. This has resulted in lower refining revenues for MRPL in the latest quarter on a yoy basis.
The consolidated net loss for the Dec-20 quarter widened to Rs-252.91cr from a level of Rs-229.98cr in the Dec-19 quarter. This was due to weak crude prices resulting in losses in valuing inventory in the quarter. Despite lower costs, the weak crude prices played a major part. PAT margins would not really be applicable as the company reported net losses in the current quarter and also in the Dec-19 quarter.
Financial highlights for Dec-20 compared yoy and sequentially
|
|
MRPL Ltd |
|
|
|
|
|
Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 14,078.17 |
₹ 16,449.97 |
-14.42% |
₹ 9,670.90 |
45.57% |
|
Net Profit (Rs cr) |
₹ -252.91 |
₹ -229.96 |
N.A. |
₹ 9.41 |
N.A. |
|
|
|
|
|
|
|
|
Diluted EPS (Rs) |
₹ -1.22 |
₹ -0.86 |
|
₹ 0.64 |
|
|
Net Margins |
-1.80% |
-1.40% |
|
0.10% |
|
Related Tags: