Share the post "Mangalore Refinery & Petrochemicals’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales decreased by 0.72 % in YoY and increased by 2.84 % in QoQ"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -0.72 % over the year, substantial increase in net sales/revenue by 2.84 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -55.23 %, Marginal decrease of -8.23% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Mangalore Refinery & Petrochemicals. Profit dropped by -40.5 % Year to Year, Mangalore Refinery & Petrochemicals’s profitability increased by 190.37 % in this quarter.
- EPS over the Year and quarter: EPS declined by -40.48 % Year to Year. EPS increased by 190.18 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 29401.49 Cr | Rs. 28383.41 Cr | Rs. 29190.05 Cr | + 2.84 % | -0.72 % |
| Expenses | Rs. 25911.34 Cr | Rs. 27223.93 Cr | Rs. 26860.34 Cr | -1.34 % | + 3.66 % |
| Operating Profit | Rs. 3490.15 Cr | Rs. 1159.48 Cr | Rs. 2329.71 Cr | + 100.93 % | -33.25 % |
| OPM % | 11.87 % | 4.09 % | 7.98 % | + 3.89 % | -3.89 % |
| Other Income | Rs. 91.42 Cr | Rs. 44.6 Cr | Rs. 40.93 Cr | -8.23 % | -55.23 % |
| Interest | Rs. 329.97 Cr | Rs. 273.64 Cr | Rs. 261.74 Cr | -4.35 % | -20.68 % |
| Depreciation | Rs. 296.2 Cr | Rs. 334.27 Cr | Rs. 333.03 Cr | -0.37 % | + 12.43 % |
| Profit before tax | Rs. 2955.4 Cr | Rs. 596.17 Cr | Rs. 1775.87 Cr | + 197.88 % | -39.91 % |
| Tax % | 35.32 % | 34.52 % | 35.62 % | + 1.1 % | + 0.3 % |
| Net Profit | Rs. 1913.35 Cr | Rs. 392.08 Cr | Rs. 1138.5 Cr | + 190.37 % | -40.5 % |
| EPS in Rs | Rs. 10.92 | Rs. 2.24 | Rs. 6.5 | + 190.18 % | -40.48 % |
Today, we’re looking at Mangalore Refinery & Petrochemicals’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -0.72 %. However, it did see a marginal increase of 2.84 % from the previous quarter. Expenses decreased slightly by -1.34 % quarter-on-quarter, aligning with the annual rise of 3.66 %. Operating profit, while down -33.25 % compared to last year, faced a quarter-on-quarter increase of 100.93 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -3.89 %, but an expansion of 3.89 % sequentially. Other income fell by -8.23 % compared to the last quarter, despite an annual decline of -55.23 %. Interest expenses dropped significantly by -4.35 % from the previous quarter, yet the year-over-year decrease remains at a moderate -20.68 %. Depreciation costs fell by -0.37 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 12.43 %. Profit before tax declined annually by -39.91 % but saw an increase from the preceding quarter by 197.88 %.
Tax expenses as a percentage of profits increased slightly by 0.3 % compared to last year, with a more notable quarter-on-quarter increase of 1.1 %. Net profit fell by -40.5 % year-on-year but experienced a 190.37 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -40.48 % but a quarterly rise of 190.18 %. In summary, Mangalore Refinery & Petrochemicals’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 29401.49 Cr | Rs. 28383.41 Cr | Rs. 29190.05 Cr | + 2.84 % | -0.72 % |
| Expenses | Rs. 25911.34 Cr | Rs. 27223.93 Cr | Rs. 26860.34 Cr | -1.34 % | + 3.66 % |
| Operating Profit | Rs. 3490.15 Cr | Rs. 1159.48 Cr | Rs. 2329.71 Cr | + 100.93 % | -33.25 % |
| Net Profit | Rs. 1913.35 Cr | Rs. 392.08 Cr | Rs. 1138.5 Cr | + 190.37 % | -40.5 % |
| EPS in Rs | Rs. 10.92 | Rs. 2.24 | Rs. 6.5 | + 190.18 % | -40.48 % |
In reviewing Mangalore Refinery & Petrochemicals’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -0.72 % year-on-year, however, there was a minor increase of 2.84 % from the previous quarter. Expenses rose by 3.66 % compared to the previous year, with a decrease of -1.34 % quarter-on-quarter. Operating Profit dropped by -33.25 % annually, and saw a 100.93 % increase from the last quarter.
Net Profit showed yearly decrease of -40.5 %, and experienced a 190.37 % increase from the previous quarter. Earnings Per Share (EPS) fell by -40.48 % annually, however rose by 190.18 % compared to the last quarter. In essence, while Mangalore Refinery & Petrochemicals faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
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