Are MRPL latest results good or bad?

Mangalore Refinery & Petrochemicals (MRPL) has released its financial results for the quarter ending March 2025, which indicate a flat performance relative to previous periods. However, the company has reported notable growth in key profitability metrics. The Profit Before Tax (PBT) for this quarter is Rs 554.09 crore, reflecting a significant increase compared to the average PBT of Rs 289.38 crore over the preceding four quarters. Similarly, the Profit After Tax (PAT) has reached Rs 370.63 crore, which is also a substantial rise from the average PAT of Rs 207.35 crore during the same timeframe.
In terms of sales performance, MRPL's net sales for the quarter ended March 2025 grew by 12.46% compared to the previous quarter, which had a decline of 12.40%. The consolidated net profit also increased by 19.83% in this quarter, although this is a decrease from the previous quarter's growth rate of 144.38%. The operating profit margin, excluding other income, showed a slight decline, moving from 4.59% to 4.71%.

Overall, while MRPL's results reflect a flat performance, the underlying trends in profitability metrics suggest a positive shift in the company's financial trajectory. Additionally, the company saw an adjustment in its evaluation following these results.