Weak GRM, utilization dent 1Q performance

Company
23 Jul 2024
5 Min read 
  • MRPL's 1QFY25 results update shows a weak refining performance.
  •  EBITDA came in 56% below the estimate due to lower GRM and throughput.
  •  The company's financials and valuation show a decline in EPS and RoE.
  •  The stock is currently trading at a high P/E ratio.
  •  The company's net debt-to-equity ratio is expected to decline by FY26.
  •  MRPL's refining throughput and GRM were below estimates in 1QFY25.
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