MRPL - Margins Continue To Disappoint In Q3; Expect A Revival Going Forward: Motilal Oswal
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. reported a miss on Ebitda due to lower than estimate refining margin and higher opex during Q3 FY21.
Refining throughput saw a gradual improvement during Q3 FY21 (came in better than our estimate), implying a utilisation of approximately 82%.
During the recent commissioning of the Kochi-Mangalore pipeline, Managing Director Mr. M Venkatesh said the refinery is ready to consume ~0.5 million metric standard cubic meter per day of gas immediately from the pipeline.
Modification of the gas turbine is underway (completion by FY21-end), post which consumption should reach ~1 mmscmd.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.