Mumbai: Mangalore Refinery and Petrochemicals Limited (MRPL) announced its financial results for the quarter ended June 30, 2026, reporting a strong recovery in performance.
The company posted a consolidated net profit of ₹945.68 crore in Q1 FY27, compared with a loss of ₹270.66 crore in the same quarter of the previous year.
MRPL’s improved profitability reflects better refining performance, higher operational efficiency and stronger business conditions during the quarter.
Revenue from Operations Jumps 46% Year-on-Year
MRPL recorded a significant rise in consolidated revenue from operations during the first quarter of FY 2026-27.
The company’s revenue stood at ₹41,608.96 crore, compared with ₹20,988.53 crore in Q1 FY26, registering a growth of 46.12% year-on-year.
On a quarter-on-quarter basis, revenue also increased by 46.03% from ₹28,493.04 crore in the quarter ended March 31, 2026.
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MRPL Q1 FY27 Financial Highlights
- Revenue from Operations:
- Q1 FY 2026-27: ₹41,609 Crore
- Q1 FY 2025-26: ₹20,989 Crore
- Profit After Tax (PAT):
- Q1 FY 2026-27: ₹915 Crore
- Q1 FY 2025-26: Loss of ₹272 Crore
- Consolidated PAT:
- Q1 FY 2026-27: ₹945.68 Crore
- Q1 FY 2025-26: Loss of ₹270.66 Crore
- Profit Before Tax (PBT):
- Q1 FY 2026-27: ₹1,215 Crore
- Q1 FY 2025-26: Loss of ₹403 Crore
- EBITDA:
- Q1 FY 2026-27: ₹1,860 Crore
- Q1 FY 2025-26: ₹218 Crore
- Exports:
- Q1 FY 2026-27: ₹5,012 Crore
- Q1 FY 2025-26: ₹4,767 Crore
Operational Performance Improves with Higher Throughput
MRPL reported better operational performance during Q1 FY27.
The company’s crude and other throughput increased to 4.43 million metric tonnes (MMT) compared with 3.52 MMT in Q1 FY26.
For the full financial year 2025-26, MRPL recorded a total throughput of 17.00 MMT, highlighting its strong refining capabilities.
Strategic Infrastructure Expansion Supports Growth
MRPL continued to strengthen its infrastructure network through several important initiatives.
Key developments include:
- Receiving PNGRB authorisation for the ATF pipeline from Devangonthi Terminal to Kempegowda International Airport, Bengaluru.
- Expansion of product loading facilities at Aegis Terminal in Mangaluru, Hindupur depot in Andhra Pradesh and Ennore Terminal in Tamil Nadu.
- Execution of lease agreements for tankages at JNPA (Navi Mumbai), Kakinada and Krishnapatnam to improve logistics and storage capacity.
These projects are expected to improve supply chain efficiency and support future business growth.
MRPL Achieves SAF Certification Milestone
MRPL secured the ISCC CORSIA Certification for co-processing Used Cooking Oil (UCO) into Sustainable Aviation Fuel (SAF).
The certification marks a major step in MRPL’s clean energy strategy and opens opportunities in the growing sustainable aviation fuel market.
The initiative aligns with global aviation sustainability goals and supports India’s transition towards cleaner fuel solutions.
Board Approves Appointment of New Internal Auditor
MRPL’s Board of Directors approved the appointment of Sanjib Kumar Mandal, Chief General Manager (Finance), as the new Internal Auditor.
He replaces M. H. Shantharam, Chief General Manager (Finance), who was transferred.
Awards and Recognition
MRPL received recognition for its sustainability and cleanliness initiatives.
The company secured the Second Prize under Category B at the Swachhta Pakhwada Awards 2023 and received a Consolation Prize in 2024 from the Ministry of Petroleum and Natural Gas.
MRPL Stock Details
MRPL shares remain in focus after the strong quarterly performance and strategic developments.
Stock Information:
- BSE Code: 500109
- NSE Symbol: MRPL
- ISIN: INE103A01014
Debenture Codes: 959162, 959250, 973692
Investor Outlook
MRPL’s strong Q1 FY27 results indicate improved refining performance, stronger margins and healthy operational growth.
The company’s infrastructure expansion, SAF certification and focus on sustainable energy solutions are expected to create new growth opportunities.
Investors and market participants will closely track MRPL’s future developments in refining, logistics and green energy segments.
About MRPL
Mangalore Refinery and Petrochemicals Limited (MRPL) is a leading oil refining and petrochemicals company in India and a subsidiary of Oil and Natural Gas Corporation (ONGC). The company operates a modern refinery and plays a key role in India’s petroleum and energy sector, with a growing focus on efficiency, diversification, and sustainable energy initiatives.
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