Stock Report

MRPL Powerfully Swings Back to Profitability: Q1 FY27 Net Profit Hits ₹915 Crore as Revenues Double

Posted On : 2026-07-15 21:11:37( TIMEZONE : IST )

Mangalore Refinery and Petrochemicals Limited (MRPL), a Schedule "A" Mini Ratna Category I CPSE and subsidiary of ONGC, has announced a stellar financial turnaround for the first quarter of fiscal year 2026-27 (Q1 FY27). The Board of Directors approved the standalone and consolidated financial results during its 276th meeting held today, revealing a highly successful swing back to strong profitability from a net loss in the same period last year.

Key Financial Highlights (Standalone)

MRPL's performance during Q1 FY27 was characterized by significant growth in operational revenue and operating profit:

Revenue from Operations: Surged to ₹41,609 crore, nearly doubling from the ₹20,989 crore recorded in the year-ago quarter (Q1 FY26). Sequential revenues also grew from ₹28,493 crore in Q4 FY26.

Earnings Before Interest, Depreciation, Tax, and Amortization (EBITDA): Skyrocketed to ₹1,860 crore, representing a massive increase from ₹218 crore in Q1 FY25-26.

Profit Before Tax (PBT): Climbed to ₹1,215 crore, reversing the loss of ₹(403) crore posted in Q1 FY25-26.

Profit After Tax (PAT): Came in at ₹915 crore for the quarter, compared to a net loss of ₹(272) crore in the same period last year.

Exports: Accounted for ₹5,012 crore of the total quarterly revenue, compared to ₹4,767 crore in Q1 FY25-26.

Total Comprehensive Income: Registered at ₹912 crore against a comprehensive loss of ₹(277) crore in the corresponding quarter of the previous year.

Consolidated Earnings & Attributable Profits

On a consolidated level, MRPL reflected the same positive trajectory:

Consolidated Profit After Tax (PAT): Attributable to the owners of the company reached ₹913 crore, recovering from a net loss of ₹(271) crore in Q1 FY25-26.

Consolidated Total Comprehensive Income: Attributable to the owners of the company stood at ₹911 crore for the quarter, compared to a comprehensive loss of ₹(275) crore in the prior year's corresponding period.

Robust Physical Throughput & Infrastructure Milestones

Operational performance stayed strong with a substantial increase in refining volumes alongside successful capacity expansion and strategic logistics agreements:

Refinery Throughput: Total crude and other feedstock throughput reached 4.43 Million Metric Tonnes (MMT) during the quarter, showing clear growth from 3.52 MMT in Q1 FY25-26 and 4.35 MMT in Q4 FY25-26.

Pipeline Authorization: Received authorization from the Petroleum and Natural Gas Regulatory Board (PNGRB) for an Aviation Turbine Fuel (ATF) pipeline running from the Devangonthi Terminal directly to Kempegowda International Airport in Bengaluru.

Product Loading Operations: Commenced fresh commercial loading services at the Aegis Terminal in Mangaluru, Ennore terminal in Tamil Nadu, and the Hindupur depot in Andhra Pradesh.

Storage Expansion: Executed key lease agreements for tankages located at the Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai, as well as Kakinada and Krishnapatnam in Andhra Pradesh.

Sustainable Aviation Fuel (SAF) and Green Milestones

As part of its ongoing environmental transition, MRPL reached a milestone in its Sustainable Aviation Fuel (SAF) journey. On April 24, 2026, the refinery successfully secured certification under the ISCC CORSIA (International Sustainability and Carbon Certification - Carbon Offsetting and Reduction Scheme for International Aviation) framework for its co-processing of Used Cooking Oil (UCO).

Recognition and Cleanliness Awards

MRPL's corporate and operational standards were recognized by the Ministry of Petroleum and Natural Gas (MoPNG). The company secured the Second Prize under Category B in the Swachhta Pakhwada Awards - 2023, and received a Consolation Prize in the 2024 edition.

Shares of Mangalore Refinery and Petrochemicals Limited was last trading in BSE at Rs. 157.70 as compared to the previous close of Rs. 156.95. The total number of shares traded during the day was 291223 in over 2234 trades.

The stock hit an intraday high of Rs. 162.35 and intraday low of 156.25. The net turnover during the day was Rs. 46458280.00.