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MRPL: What next?

May 26, 2004

MRPL, the refining subsidiary of the oil major, ONGC, has posted robust 4QFY04 and FY04 results with a major turnaround in the fortunes of the company. The topline for the 4QFY04 has jumped by 79% while the bottomline has shown an impressive turnaround. The operating profit for the quarter shows a jump of 324%.

(Rs m) 4QFY03 4QFY04 Change FY03 FY04 Change
Net sales 20,092 35,998 79.2% 79,917 113,777 42.4%
Other income 223 4,387 1868.1% 548 6,080 1009.9%
Expenditure 19,067 31,650 66.0% 77,584 106,596 37.4%
Operating profit (EBDITA) 1,025 4,348 324.1% 2,333 7,181 207.8%
Operating profit margin (%) 5.1% 12.1%   2.9% 6.3%  
Interest 1,608 617 -61.6% 5,671 3,734 -34.1%
Depreciation 945 943 -0.1% 3,737 3,782 1.2%
Profit before tax (1,305) 7,175 - (6,528) 5,745 -
Tax (501) 1,663 -431.7% (2,410) 1,151 -147.8%
Profit after tax/(loss) (803) 5,512 - (4,118) 4,594 -
Net profit margin (%) -4.0% 15.3%   -5.2% 4.0%  
No. of shares (m) 1,750.4 1,752.6   1,750.4 1,752.6  
Diluted earnings per share (Rs)* (1.8) 12.6   (2.4) 2.6  
P/E ratio (x)         19.1  
(* annualised)            

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Sep 18, 2020 (Close)

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