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MRPL’s Q3 EBITDA soared to Rs 2,824 Cr (vs Rs 1,064 Cr YoY), driven by strong market prices and operational efficiency, with debt at Rs 9,290 Cr. The company is prioritizing retail expansion, targeting 1,000 outlets in 5 years for enhanced margins and stability. Efforts include a Bio-ATF plant for CORSIA compliance and a grid power project to reduce fuel and loss below 10%. Crude sourcing is diversified, with no Russian crude currently. Annual Capex is targeted around Rs 1,500 Cr. Management expressed confidence in a healthy Q4 and a potential dividend payout, focusing on retail growth and operational improvements.
All announcements from Mangalore Refinery and Petrochemicals Limited