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ItemsThatWillNotBeReclassifiedToProfitAndLoss1

5001092022-04-012022-09-30

ItemsThatWillNotBeReclassifiedToProfitAndLoss1

iso4217:INRxbrli:pureiso4217:INRxbrli:shares

500109

MRPL

NOTLISTED

INE103A01014

Mangalore Refinery and Petrochemicals Limited

Equity

2022-04-01

2023-03-31

2022-10-28

2022-10-20

INR

Crores

Half yearly

Single segment

Petroleum Products

2022-10-28

13:10:00

2022-10-28

17:45:00

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2022-07-01

2022-09-30

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Notes to Standalone Financial Results: 1 The Audit Committee has reviewed the above results and the same have been subsequently approved by the Board of Directors in their meetings held on October 28, 2022. 2 The financial results have been reviewed by the Joint Statutory Auditors as required under Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (as amended). 3 The financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) Rules, 2015 (as amended). These financial results have been prepared in accordance with the recognition and measurement principles of Ind AS, prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India. 4 Amalgamation of ONGC Mangalore Petrochemicals Limited (OMPL) with the Company : The figures for the quarter and half year ended September 30, 2021 have been restated pursuant to the scheme of Amalgamation ('the Scheme') approved by the Ministry of Corporate Affairs (MCA) vide its order No. 24/3/2021-CL-III dated April 14, 2022 and the amalgamating company has been amalgamated with the Company with effect from April 1, 2021 ('the appointed date'). 5 The Government of India has levied Special Additional Excise Duty (SAED) and Road and Infrastructure Cess (RIC) on export of High Speed Diesel (HSD), Aviation Turbine Fuel (ATF) and Motor Spirit (MS) effective from July 1, 2022 and correspondingly there is further decrease in Domestic Refinery Transfer Price (RTP). The impact on the financials of the company on account of the same is ` 1,026 Crore and ` 1,163 Crore respectively. The company has suitably represented to the Govt. of India through administrative ministry (MoPNG) in this regard. 6 The Company is in the process of Human Resources (HR) integration of the employees of the erstwhile subsidiary company ONGC Mangalore Petrochemicals Limited (OMPL) with the company and the financial impact (if any) would be considered upon finalisation of the same. 7 Other Expenses includes Exchange rate fluctuation (gain) / loss (net) as under: Particulars Quarter Ended Half Year Ended Year Ended 30.09.2022 30.06.2022 30.09.2021* 30.09.2022 30.09.2021* 31.03.2022 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Exchange rate fluctuation (gain) / loss (net) 462.39 722.84 (77.29) 1,185.23 48.12 255.73 8 The Company has “Petroleum Products” as single reportable segment. 9 Additional disclosures as per Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: SI. No. Particulars UOM Quarter Ended Half Year Ended Year Ended 30.09.2022 30.06.2022 30.09.2021* 30.09.2022 30.09.2021* 31.03.2022 1 Debt Equity Ratio No. of times 2.24 1.88 6.78 2.24 6.78 2.93 2 Capital Redemption Reserve ` in crore 9.19 9.19 9.19 9.19 9.19 9.19 3 Net Worth ` in crore 8,116.35 9,904.64 3,599.83 8,116.35 3,599.83 7,196.33 4 Profit / (Loss) after tax ` in crore (1,789.14) 2,707.51 (409.60) 918.37 (639.28) 2,955.27 5 Total Borrowings ` in crore 18,212.06 18,580.82 24,411.89 18,212.06 24,411.89 21,085.17 6 Debt Service Coverage Ratio (DSCR) : Not Annualised No. of times (0.23) 0.62 0.02 0.40 0.05 0.65 7 Interest Service Coverage Ratio (ISCR) No. of times (6.22) 15.72 0.02 4.51 0.53 4.14 8 Current Ratio No. of times 0.90 1.02 0.73 0.90 0.73 0.86 9 Long Term Debt to Working Capital No. of times 10.04 4.86 (4.47) 10.04 (4.47) (132.94) 10 Bad Debts to Account Receivable Ratio : Not Annualised No. of times 0.00 0.00 0.00 0.00 0.00 0.00 11 Current Liability Ratio No. of times 0.53 0.59 0.52 0.53 0.52 0.55 12 Total Debts to Total Assets No. of times 0.47 0.42 0.66 0.47 0.66 0.53 13 Debtors Turnover : Not Annualised No. of times 4.87 6.15 5.45 14.88 10.82 25.39 14 Inventory Turnover : Not Annualised No. of times 2.67 3.23 2.16 6.41 4.22 9.79 15 Operating Margin % (9.31) 13.68 (2.27) 3.74 (1.25) 5.51 16 Net Profit Margin % (7.27) 8.39 (3.08) 1.61 (2.61) 4.24 All figures are presented to the nearest two decimals The basis of computation of above parameters is provided in the table below: Debt Equity Ratio Total Debt / Shareholder's Equity Net Worth Equity Share Capital + Other Equity Debt Service Coverage Ratio (Net Profit after Taxes + Depreciation + Finance Cost + Loss on Sale of Fixed Assets) / (Finance Cost + Current Borrowings) Interest Service Coverage Ratio EBITDA / (Interest & Finance Charges net of amount transferred to expenditure during construction) Current Ratio Current Assets / Current Liabilities Long Term Debt to Working Capital Long Term Debt (including current maturities of long term debts) / (Current Assets - Current Liabilities excluding current maturities of long term debts) Bad Debts to Account Receivable Ratio Bad Debts / Accounts Receivable Current Liability Ratio Current Liabilities / Total Liabilities Total Debts to Total Assets (Long Term Debt + Short Term Debt) / Total Assets Debtors Turnover Sales / Average Trade Receivable Inventory Turnover Sales / Average Inventory Operating Margin (Profit before Exceptional Item and Tax + Finance Cost - Other Income) / Revenue from Operations net of Excise Duty Net Profit Margin Profit after Tax for the Period / Revenue from Operations Net of Excise Duty 10 Figures for the previous periods have been re-grouped wherever necessary. 11 The above results are available on the websites of NSE and BSE at www.nseindia.com and www.bseindia.com respectively and on the Company's website at www.mrpl.co.in.

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