MRPL Gets 'Sell' Rating From Motilal Oswal After Its Q2 Results

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..Motilal Oswal Report.Mangalore Refinery and Petrochemicals Ltd. reported a substantial miss versus our estimates in Q2 FY25 due to a weak refining performance, with gross refining margin coming in at $0.5/barrel of oil (our estimate: $5/bbl). The weakness in Q2 FY25 financial performance was likely a result of weaker core GRM as well as inventory loss coming in higher than our estimate ($2.5/bbl). Following the weak Q2 FY25 result, we cut our FY25 Ebitda by 50% as we temper our GRM assumption to $4.5/bbl (earlier: $6.6/bbl). We also reduce our FY26 Ebitda by 24% and revised our GRM assumption to $6.9/bbl (earlier: $8.4/bbl). Further, we model a throughput of 17 million metric tonne for FY25/FY26. In H1 FY25 MRPL has reported a net loss of Rs 6.1 billion while in H2 FY25 we are building in moderate improvement in refining GRM (due to seasonally stronger winter months) leading to H2 FY25 PAT of Rs 10 billion..Click on the attachment to read the full report:.ICICI Lombard Q2 Results Review - Combined Ratio Higher Than Estimates By ~200 Basis Points: Motilal Oswal.DISCLAIMERThis 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.

MRPL Gets 'Sell' Rating From Motilal Oswal After Its Q2 Results

The dividend yield is expected to be a meager 0.3%/1.2% in FY25/FY26 at the current price, says the brokerage.

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MRPL Gets 'Sell' Rating From Motilal Oswal After Its Q2 Results

The dividend yield is expected to be a meager 0.3%/1.2% in FY25/FY26 at the current price, says the brokerage.

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