India · Delayed Price · Currency is INR Mangalore Refinery and Petrochemicals Earnings Call Transcripts
Fiscal Year 2026
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Q3 saw a sharp rise in EBITDA to INR 2,824 crores, driven by strong market conditions, energy efficiency, and a favorable product slate. Retail expansion and bio-ATF initiatives are underway, with CapEx and debt levels well managed. Exports remain at 40% of output.
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Q2 saw strong operational and financial recovery with revenue at INR 25,953 crore and PAT at INR 639 crore. Domestic demand and exports remain robust, retail expansion is on track, and key projects like SAF and isobutyl benzene are progressing.
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Q1 FY26 was impacted by a planned turnaround, leading to lower throughput and a PAT loss, but all units are now operational and throughput is expected to rebound in Q2. GRMs are projected to improve, with strong retail and polypropylene performance supporting recovery.
Fiscal Year 2025
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Q4 saw a strong GRM of $6.23/bbl and record throughput, with robust growth in value-added products and retail expansion. FY26 guidance includes stable GRMs, INR 1,000 Cr annual CapEx, and a focus on operational upgrades and market growth.