New Delhi: Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of ONGC and a Schedule “A” Mini Ratna Category I Company, has posted a significant turnaround in its financial performance for the second quarter (Q2) of FY 2025-26. The company reported a Profit Before Tax (PBT) of ₹975 crore for Q2, compared to a loss of ₹1,041 crore in the same period last year.
The Board of Directors approved the standalone and consolidated financial results during its 271st meeting held on October 15, 2025.
Revenue and Profitability
MRPL recorded Revenue from Operations of ₹25,953 crore in Q2 FY 2025-26, compared to ₹28,786 crore in Q2 FY 2024-25.
- PBT: ₹975 crore (Q2 FY 2024-25: -₹1,041 crore)
- PAT: ₹639 crore (Q2 FY 2024-25: -₹682 crore)
For the half-year ended September 30, 2025:
- Revenue: ₹46,941 crore (H1 FY 2024-25: ₹56,075 crore)
- PBT: ₹572 crore (H1 FY 2024-25: -₹940 crore)
- PAT: ₹367 crore (H1 FY 2024-25: -₹617 crore)
The improved profitability highlights the company’s focus on operational efficiency, cost control, and better refining margins.
Read also: MRPL Honoured with Mahatma Award 2025 for HR Innovation and Social Responsibility
Operational Highlights
MRPL processed 4.43 MMT of throughput (Crude + Others) in Q2 FY 2025-26 as compared to 4.58 MMT in Q2 FY 2024-25. For the half year, throughput stood at 7.95 MMT versus 8.93 MMT last year.
In a major operational milestone, MRPL processed new Crude Hout (API = 31.00) from the Kuwait Neutral Zone for the first time in September 2025. Additionally, the Devangonthi terminal achieved its highest-ever monthly dispatch of 65.40 TKL in September 2025, surpassing the previous record of 57.90 TKL set in May 2025.
Financial Snapshot – Standalone (₹ in Crore)
- Revenue from Operations: ₹25,953 crore in Q2 FY 2025-26 vs ₹28,786 crore in Q2 FY 2024-25; ₹46,941 crore in H1 FY 2025-26 vs ₹56,075 crore in H1 FY 2024-25.
- EBIDTA: ₹1,565 crore in Q2 FY 2025-26 (loss of ₹414 crore in Q2 FY 2024-25); ₹1,782 crore in H1 FY 2025-26 vs ₹236 crore in H1 FY 2024-25.
- PBT: ₹975 crore in Q2 FY 2025-26 (loss of ₹1,041 crore in Q2 FY 2024-25); ₹572 crore in H1 FY 2025-26 vs loss of ₹940 crore in H1 FY 2024-25.
- PAT: ₹639 crore in Q2 FY 2025-26 (loss of ₹682 crore in Q2 FY 2024-25); ₹367 crore in H1 FY 2025-26 vs loss of ₹617 crore in H1 FY 2024-25.
Financial Snapshot – Consolidated (₹ in Crore)
- PAT attributable to owners: ₹627 crore in Q2 FY 2025-26 vs loss of ₹697 crore in Q2 FY 2024-25; ₹357 crore in H1 FY 2025-26 vs loss of ₹624 crore in H1 FY 2024-25.
- Total Comprehensive Income (TCI): ₹623 crore in Q2 FY 2025-26 vs loss of ₹698 crore in Q2 FY 2024-25; ₹348 crore in H1 FY 2025-26 vs loss of ₹626 crore in H1 FY 2024-25.
Awards and Recognition
MRPL’s commitment to sustainability, environment, and excellence has been recognized with several national honors in 2025:
- “Winner” Award in Excellence in WASH (Water, Sustainability & Hygiene) at the FKCCI India CSR & Sustainability Awards 2025.
- Environment Protection Award at the 24th Global Greentech Environment & Sustainability Summit 2025.
- Mahatma HR Excellence Award from the Mahatma Foundation.
- Karnataka Best Employer Brand Award 2025, endorsed by CHRO Asia.
- Eleven accolades, including three Gold, at the 15th PRCI Excellence Awards 2025.
About MRPL
Mangalore Refinery and Petrochemicals Limited (MRPL), headquartered in Mangaluru, Karnataka, is a subsidiary of Oil and Natural Gas Corporation Limited (ONGC). With a refining capacity of 15 MMTPA, MRPL produces a wide range of petroleum products and petrochemicals, contributing significantly to India’s energy security. The company is committed to operational excellence, sustainable growth, environmental protection, and innovation in refining operations. Its strong performance in Q2 FY 2025-26 reflects strategic crude sourcing, cost optimization, and a focused approach to value creation for stakeholders.
Read also: MRPL Honoured for Outstanding WASH Initiatives at FKCCI CSR & Sustainability Awards 2025
