Bulletin Updates

MRPL reports higher margins but time will tell what lies ahead – 1 Feb 2022

Feb 01, 2022

MRPL reported a higher than estimated EBITDA and PAT.

Refining throughput was in line with our estimate at 4.4mmt (+42% YoY), implying a utilization rate of 117%. Fuel & loss and energy consumption stood at one of the lowest in the quarter

But doubts remain about the long run

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