Mangalore Refinery & Petrochemicals Q2 Results Live : Mangalore Refinery & Petrochemicals declared its Q2 results on October 18, 2024, reporting a significant increase in revenue but a notable loss. The company’s topline grew by 26.01% year-over-year, although it faced a loss of ₹696.94 crore during this quarter.
In the same period last year, the company had posted a profit of ₹1,051.68 crore, highlighting the stark contrast in performance this year. Compared to the previous quarter, revenue saw a growth of 5.48%.
However, challenges remain as the Selling, General & Administrative expenses rose by 1.63% quarter-over-quarter and 5.99% year-over-year, impacting the overall financial health of the company.
Mangalore Refinery’s operating income dropped dramatically, down by 401.89% quarter-over-quarter and 144.31% year-over-year, underscoring the difficulties faced in the current market environment.
The company’s Earnings Per Share (EPS) stood at ₹-3.98 for Q2, reflecting a decrease of 166.33% year-over-year, further illustrating the tough circumstances.
Despite the recent downturn, Mangalore Refinery & Petrochemicals has seen a 26.76% return year-to-date. However, it recorded a -3.94% return in the last week and a significant -24.36% return over the past six months.
Currently, Mangalore Refinery & Petrochemicals holds a market capitalization of ₹29,580.36 crore, with its 52-week high at ₹289.25 and a low of ₹92.50.
Mangalore Refinery & Petrochemicals Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 28785.92 | 27289.4 | +5.48% | 22843.79 | +26.01% |
| Selling/ General/ Admin Expenses Total | 169.27 | 166.55 | +1.63% | 159.71 | +5.99% |
| Depreciation/ Amortization | 342.35 | 335.24 | +2.12% | 295.97 | +15.67% |
| Total Operating Expense | 29602.18 | 27019.02 | +9.56% | 21001.54 | +40.95% |
| Operating Income | -816.26 | 270.38 | -401.89% | 1842.25 | -144.31% |
| Net Income Before Taxes | -1055.72 | 108.28 | -1074.99% | 1597.92 | -166.07% |
| Net Income | -696.94 | 73.22 | -1051.84% | 1051.68 | -166.27% |
| Diluted Normalized EPS | -3.98 | 0.42 | -1047.62% | 6 | -166.33% |
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