Q2 2026 Mangalore Refinery and Petrochemicals Ltd Earnings Call Transcript
Key Points
- Mangalore Refinery and Petrochemicals Ltd (BOM:500109) processed 4.4 million metric tons of crude, showcasing strong operational capabilities post-turnaround.
- The company reported a substantial increase in EBITDA to INR1,565 crores and a PAT of INR639 crores, reflecting significant growth over the previous year.
- Global refining margins improved due to supply disruptions and steady domestic demand, benefiting the company's financial performance.
- The company plans to expand its retail outlets, aiming to reach 250 by the end of the year, which could enhance market presence and revenue.
- Mangalore Refinery and Petrochemicals Ltd is implementing a sustainable aviation fuel project, aligning with government mandates and future energy transition goals.
- The company experienced a fuel loss of 10.42%, slightly higher than expected due to initial post-turnaround hiccups.
- There is uncertainty regarding the sourcing of Russian crude due to geopolitical tensions, which could impact future operations.
- Forex losses amounted to INR355 crores, attributed to transaction impacts and revaluation of outstanding loans.
- The company faces challenges in crude sourcing logistics, with US crude being less economically viable due to higher logistics costs.
- Retail outlet sales currently form a small part of overall sales, and the company has not yet started separate reporting for this segment.
Okay. So, hi, good morning, everybody. On behalf of PL Capital, we would like to welcome you to this, second quarter, briefing of MRPL. From the management, we have, Mr. M. SAM Prasadamatt, the managing director, Mr. Devendra Kumar, director of finance, Mr. Nand Kumar, director of refineries, Mr. Deepak. Pravokar ED Marketing, Mr. BHB Prasad, the ED projects, and we also have Mr. Arvin, senior manager of marketing. So, congratulations, for the phenomenal performance in this quarter, sir, and I would like to request you to give a briefing and post that we can open the floor for Q&A. Over to you, sir. Yeah.
Good morning. Good morning to everyone and thank you for joining us on the second quarter earnings call.
I am Sham Prasada Kamath, MD and CEO of Mangalore Refinery and Petrochemicals Limited.
Along with my leadership team.
I will walk you through our Q2 performance.
The operating environment defaced.
And our near term priorities.
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