MRPL Q4 net profit slumps 40%

(20 second reading) MRPL reported a 40.5% YoY decline in net profit at Rs.1,138.5 crore for the Q4 FY2024 compared to net profit of Rs.1,913.4 crore in Q 4 of last year. The company’s revenue from operations declined 0.1% to Rs.25,328.7 crore against Rs.25,365.4 crore in the corresponding period of the preceding fiscal.
The EBITDA margin stood at 9.2% in the reporting quarter compared to 13.8% in the corresponding period in the previous fiscal.
The board of directors has recommended a final dividend of Rs.2 per equity share of Rs.10 each fully paid-up.