Prabhudas Lilladher Maintains Hold Rating on MRPL, Sets Rs 180 Target

The brokerage’s report says MRPL’s Q2FY27 EBITDA was INR32.8bn, versus its estimate of INR23.3bn and BBGe’s INR30.2bn, up from INR13.2bn in Q1FY27. It cites lower quarter-on-quarter crude procurement costs and elevated refining cracks.