Motilal Oswal: MRPL Q2 Review - Core GRM Continues To Be A Concern; Forex, Investment Gains Save The Day
An oil refinery in India. (Photographer: Adeel Halim/Bloomberg)

Motilal Oswal: MRPL Q2 Review - Core GRM Continues To Be A Concern; Forex, Investment Gains Save The Day

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Mangalore Refinery and Petrochemicals Ltd.’s better-than-expected reported gross refining margin led to a beat on Ebitda, further supported by lower other expenditure during the quarter.

However, adjusting for inventory gains in Q2 FY21, the company’s core GRM continues to struggle (as seen in the last couple of quarters too).

It has not been good on a sustainable basis, having been hit by water woes at times and by technical issues at other times.

Click on the attachment to read the full report:

Motilal Oswal MRPL Q2FY21 Result Update.pdf

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