India · Delayed Price · Currency is INR Mangalore Refinery and Petrochemicals Earnings Call Transcripts
Fiscal Year 2026
-
EBITDA more than doubled year-over-year in Q3, driven by strong market prices, energy efficiency, and a favorable product slate. Retail expansion and innovation projects are key growth drivers, with CapEx focused on maintenance and strategic growth. Debt reduction and dividend payout remain priorities.
-
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.
-
Q1 FY26 was impacted by a major plant 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 retail and polypropylene segments showing stable performance.
Fiscal Year 2025
-
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.