MRPL: Continues to bleed - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

MRPL: Continues to bleed

Feb 6, 2001

The turnover for the company has increased 20% for nine months ended December '00. This is due to the strong growth in sales in the previous two quarters. However, the decline in sales YoY for 3QFY01 could be due to the strong growth (30% QoQ) witnessed by the company in 3QFY00.

(Rs m) 3QFY00 3QFY01 Change 9m FY00 9m FY01 Change
Sales 9,421 8,762 -7.0% 22,636 27,085 19.7%
Other Income 139 56 -59.8% 182 116 -36.5%
Expenditure 9,282 8,547 -7.9% 22,221 26,314 18.4%
Operating Profit (EBDIT) 139 215 54.5% 415 771 85.9%
Operating Profit Margin (%) 1.5% 2.4%   1.8% 2.8%  
Interest 485 471 -2.7% 2,153 1,839 -14.6%
Depreciation 357 379 6.0% 1,066 1,132 6.2%
Profit before Tax (563) (579) 2.8% (2,622) (2,084) -20.5%
Tax - -   - -  
Profit after Tax/(Loss) (563) (579) 2.8% (2,622) (2,084) -20.5%
Net profit margin (%) -6.0% -6.6%   -11.6% -7.7%  
No. of Shares (eoy) 792 792   792 792  
Diluted Earnings per share* -2.8 -2.9   -4.1 -3.3  

The company's operating profits are up sharply. This is due to the 90 basis points improvement in OPM. The company is reported to have registered improved refining margins in the months of October and November.

Despite the improvement in margins the OPM continues to be lower than the industry average of 3.5%. This indicates that the operating expenses of the company are higher than its peer group. Another worrying factor is that the operating income of the company is insufficient to cover its debt servicing obligations. The could snow ball into an internal debt trap.

There seems to be no respite for the company's bottomline, which continues to be in the red. The company has mentioned its plans of roping in a new international partner to meet its expansion plans and overcome the current cash crunch. However, there seems to have been no progress in that direction.

Equitymaster requests your view! Post a comment on "MRPL: Continues to bleed". Click here!


More Views on News

MRPL Announces Quarterly Results (1QFY20); Net Profit Down 238.2% (Quarterly Result Update)

Aug 5, 2019 | Updated on Aug 5, 2019

For the quarter ended June 2019, MRPL has posted a net profit of Rs 5 bn (down 238.2% YoY). Sales on the other hand came in at Rs 112 bn (down 32.5% YoY). Read on for a complete analysis of MRPL's quarterly results.

MRPL Announces Quarterly Results (4QFY19); Net Profit Down 41.2% (Quarterly Result Update)

May 14, 2019 | Updated on May 14, 2019

For the quarter ended March 2019, MRPL has posted a net profit of Rs 3 bn (down 41.2% YoY). Sales on the other hand came in at Rs 177 bn (down 5.3% YoY). Read on for a complete analysis of MRPL's quarterly results.

More Views on News

Most Popular

How the 8-Year Cycle Can Help Identify Multibaggers (Fast Profits Daily)

Sep 11, 2020

This is how you can apply the greed and fear cycle in the market to pick stocks.

I Recommended this Stock over Page Industries because it's Relevant to Doubling Your Income (Profit Hunter)

Sep 7, 2020

Things are not often what they seem in the market and how you can take advantage of this.

The NASDAQ Whale Could Harm Your Portfolio (Fast Profits Daily)

Sep 7, 2020

The discovery of Softbank pushing up prices on the NASDAQ will cause volatility in the market. Stay alert!

This Could Be the Best September for Auto Stocks (Profit Hunter)

Sep 11, 2020

Here's why I think this month could be a great for auto stocks.


Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms


Sep 18, 2020 (Close)