NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
Mangalore Refinery and Petrochemicals Ltd. Q1 FY25 core performance was weaker at $3.8/barrel of crude oil, with an Ebitda of Rs 6.1 billion; $4.7/bbl of reported GRM (our estimate $5) on narrowing Russian crude discounts, higher freight due to shutdown of SPM and exports of higher discounted products. As per our calculations, the inventory gains could be at $0.9/bbl.
There was no impact of SAED during the quarter. We maintain 'Add' rating on stock with an unchanged target price of Rs 257.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
Gulf Oil Lubricants- Weak Q2, But Softer Input Prices, Growing Premiumisation Drive Optimism: ICICI Securities
Sep 13, 2024
Balkrishna Ind- Weak Demand, Intense Competition To Keep Volume Under Pressure; Resume With Sell: Nirmal Bang
Sep 03, 2024
Balkrishna Industries Q1 Review - Healthy Results But Outlook Remains Weak: Motilal Oswal
Aug 12, 2024
MRPL Q1 Results Review - Weak Gross Refining Margins Drag Earning: Prabhudas Lilladher
Jul 23, 2024
POPULAR