MRPL reported its Q4FY19 numbers that were largely in line with estimates on the profitability front. Revenues declined 12.3% QoQ to | 17749.9 crore, above our estimates on higher-than-expected volumes. Crude throughput was at 4.3 MMT in Q4FY19, flattish QoQ. Reported GRMs during the quarter were at US$5/bbl, in line with our estimates. Core GRMs were at US$3.2/bbl while inventory profit came in at US$ 1.8/bbl. Also, the company reported lower-than-expected other operational expenses and saw forex gains of ~| 110 crore. Subsequently, PAT during the quarter was at | 318.9 crore...