ONGC Subsidiary PSU Dividend: Miniratna CPSE MRPL Announces Q4 FY2025 Earnings, Profit, and Revenue Details

Mangalore Refinery and Petrochemicals Limited (MRPL), a Miniratna Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum and Natural Gas, has announced its financial results for the fourth quarter (Q4) of fiscal year 2025 (FY2025) ending March 31, 2025. The state-owned refinery's board of directors approved the standalone and consolidated financial results during its 269th meeting. The company's announcements also includes information regarding the company's dividend status for the financial year.

MRPL Q4 FY25 Results and Dividend Announcement

MRPL informed the stock exchange that no dividend has been recommended for the financial year 2024-25. The decision follows the company's previous trend of dividend distribution, with the Public Sector Undertaking (PSU) company having paid Rs 1 per share in February and August 2024. Investors were hoping for a similar payout with the announcement of the Q4 results, but the board chose not to recommend any dividend this year.

FY25 Earnings Announcement of Mangalore Refinery and Petrochemicals Ltd

For Q4 FY25, Mangalore Refinery and Petrochemicals reported a 20% quarter-on-quarter (QoQ) increase in its Profit After Tax (PAT), reaching Rs 371 crore, up from Rs 209 crore in the previous quarter. However, on a year-on-year (YoY) basis, net profit plummeted by 68%, driven by a fall in refining margins. In the same period last year, MRPL had posted a net profit of Rs 1,137 crore. The company's revenue from operations in Q4 FY25 increased by 12.5%, standing at Rs 24,596 crore, compared to Rs 21,871 crore in the previous quarter.

Despite an increase in revenue, MRPL's earnings before interest, taxes, depreciation, and amortization (EBITDA) saw a modest rise of 9.3%, reaching Rs 1,128 crore compared to Rs 1,032 crore in the previous quarter. However, the EBITDA margin did experience a small dip, decreasing from 4.7% to 4.6%. Looking at the full financial year 2024-25, MRPL's net profit was just Rs 51 crore, a sharp decline from Rs 3,596 crore in FY24. The company also saw a notable drop in its gross refining margin (GRM), which fell to 6.23 US dollars per barrel in Q4 FY25, down from USD 11.35 per barrel in the same period last year.

MRPL Share Price Today

On the stock market front, MRPL shares closed at Rs 135.50 on Monday, reflecting a 1.17% drop of Rs 1.61 from the previous closing of Rs 137.20 on the Bombay Stock Exchange (BSE). The company's shares have been in focus today due to the fluctuations in global refining margins and changes in the price of crude oil.

About MRPL

Mangalore Refinery and Petrochemicals Limited (MRPL) is a subsidiary of Oil and Natural Gas Corporation ONGC, operates a 15 Million Metric Tonnes Per Annum (MMTPA) refinery in Mangaluru (also known as Mangalore), Karnataka. The refinery is designed with advanced secondary processing units, giving it the flexibility to process a variety of crude oils with different API levels. Originally, MRPL was a joint venture between Hindustan Petroleum Corporation Limited (HPCL) and the A.V. Birla Group. However, in March 2003, ONGC acquired full ownership, investing Rs 600 crore to make MRPL a majority-owned subsidiary of the state-run oil company.