MRPL Q2FY26 Results: Profit Increases to ₹639 Crore; Stock Trades Higher More Than 4%

Mangaluru, October 16, 2025 – Mangalore Refinery and Petrochemicals Limited (NSE: MRPL, BSE: 500109) announced a brilliant turnaround in its Q2FY26 performance with a consolidated net profit of ₹639 crore compared to a loss of ₹682 crore for the same quarter last year. The development was well received in terms of investor sentiment, with shares of MRPL increasing by 4.6% during the early morning trade on Thursday.

Quarterly Performance Highlights

For Q3FY25, MRPL’s operating income declined by 9.9% year-on-year to ₹25,953 crore from ₹28,786 crore for Q2FY25. The company, though, reported a good operational pick-up with EBITDA of ₹1,565 crore, a big contrast from a negative EBITDA of ₹414 crore last year. Profit before tax was up at ₹975 crore, with crude and other products throughput easing a notch at 4.43 million metric tonnes, down 3.3% YoY.

Half-Year Financial Summary

During H1FY26, MRPL’s operational revenue was ₹46,941 crore, 16.3% lower than ₹56,075 crore in H1FY25. Profit before tax was ₹572 crore, and profit after tax was ₹367 crore, covering the loss of ₹617 crore in H1FY25. EBITDA rose 655% to ₹1,782 crore due to improved refining margins, cost savings, and operating efficiencies.

Operational Key Milestones

MRPL has achieved a series of key milestones in the quarter. Refinery processed a new crude grade (API 31.00) from Kuwait Neutral Zone for the first time in September 2025. Its Devangonthi terminal made a record monthly despatch of 65.4 TKL, higher than the previous high of 57.9 TKL in May 2025. The company also bagged several awards, including the FKCCI India CSR & Sustainability Award 2025 for WASH Excellence, Global Greentech Environment & Sustainability Award 2025, and the Karnataka Best Employer Brand Award 2025.

Market Reaction

As of 10:55 AM IST on October 16, the stock is trading at ₹145.50, up ₹3.40 or 2.39% over the previous close of ₹142.10. The counter traded over 2.09 crore shares, with the total value traded crossing ₹317 crore on combined NSE-BSE counts. The 52-week high and low in the stock are at ₹176.65 and ₹98.92, respectively, with the market capitalisation of the company standing around ₹26,012 crore, with a free float market cap of ₹2,640 crore.

Mangalore Refinery and Petrochemicals Limited, an ONGC Schedule ‘A’ CPSE, possesses one of India’s most sophisticated refineries at Mangaluru with an installed capacity of 15 MMTPA. The company’s business varies from refining, marketing, and petrochemical manufacturing and makes a massive contribution to India’s energy industry. MRPL’s operational strength and strategic efforts have reinforced its leadership position in the Indian oil and gas industry.

REF: https://nsearchives.nseindia.com/corporate/MRPL_15102025221608_PRESSRELEASE30092025.pdf

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