Mangalore Refinery and Petrochemicals Limited — Investor Meet, 24-10-2025: Analysts/Institutional Investor Meet/Con. Call Updates

MRPL delivered robust Q2 results: Revenue 25,953 Cr, EBITDA 1,565 Cr, and PAT 639 Cr, marking a significant jump YoY and QoQ. Crude throughput reached 4.4 MMT, with GRMs roughly doubling Q1 levels. Management expects healthy refining margins to continue, projecting Q3 throughput over 4.43 MMT. The company is strategically expanding its 185 retail outlets, targeting 250 by year-end, and progressing on Sustainable Aviation Fuel and isobutyl benzene projects. Russian crude sourcing (30-40% of basket) is maintained, with management ready to explore other discounted options. MRPL exhibits a confident tone, emphasizing operational optimization and strategic growth initiatives.