Mangalore Refinery And Petrochemicals announced Q1FY24 results:
- Highest ever Refinery Net Throughput during the first quarter: 4.36 MMT.
- Highest-ever Capacity Utilization during the first quarter: 116.26 % (installed capacity of 15.00 MMTPA).
- Highest ever MS (BSVI and Non-BSVI) production per month at 229.9 TMT per month.
- Highest MS-VI Domestic Dispatch - 178 TMT, in June 2023.
- Retail expansion plan is put in place. As on June 30, 2023, 68 retail outlets have been commissioned.
- Gross revenue from operations Rs 24,832 crore (Q1FY23 Rs 35,915 crore).
- Profit before Tax of Rs 1,559 crore (Q1FY23 Profit before tax Rs 4,153 crore).
- Profit after Tax of Rs 1,013 crore (Q1FY23 Profit after tax Rs 2,707 crore).
- GRM of 9.81 USD/bbl (Q1FY23 GRM of 24.45 USD/bbl).
- Total reduction in interest-bearing Borrowings: Rs 1,557 crore (i.e. from Rs 16,550 crore as on March 31, 2023, to Rs 14,993 crore as on June 30, 2023).
- Total reduction in interest-bearing Borrowings: Rs 3,538 crore (i.e. from Rs 18,531 crore as on June 30, 2022, to Rs 14,993 crore as on June 30, 2023).