16 Oct 2025 | 3 Mins Read
Buy Mangalore Refinery, target Rs 159: Prabhudas Lilladher
Flipitmoney
Mangalore Refinery and Petrochemicals (MRPL) reported better-than-estimated Q2FY26 results with EBITDA of Rs14.9bn, up from a loss of Rs4.7bn in Q2FY25. PAT was Rs6.4bn, up from a loss of Rs6.8bn in Q2FY25. Throughput fell 3.3% YoY but improved 26% QoQ. We reiterate a "ACCUMULATE" rating with a TP of Rs159.