MRPL Shares Drop 6% as Q1FY26 Loss Widens to ₹271 Crore; Revenue Down 23% YoY
By Ankur Chandra | Published at: Jul 21, 2025 05:12 PM IST
Mangaluru, July 21, 2025 – Mangalore Refinery and Petrochemicals Ltd (NSE: MRPL, BSE: 500109) shares were down 6% on Monday following Q1FY26 earnings, where the company posted a consolidated net loss and declining revenue.
Q1FY26 Financial Highlights
- Mangalore Refinery and Petrochemicals Ltd. (MRPL) reported a consolidated loss after tax of ₹271 crore for the quarter ended June 30, 2025 (Q1FY26).
- This marks a sharp decline compared to a profit of ₹73 crore in the same quarter last year (Q1FY25).
- On a standalone basis, the company posted a loss after tax of ₹272 crore, as against a profit of ₹66 crore in the year-ago period.
- Total comprehensive loss attributable to shareholders widened to ₹275 crore, compared to ₹72 crore in Q1FY25.
| Metric (₹ Cr) | Q1FY26 | Q1FY25 |
|---|---|---|
| Revenue from Operations | 20,988 | 27,289 |
| EBITDA | 218 | 650 |
| Profit Before Tax (PBT) | (403) | 101 |
| Profit After Tax (PAT) | (272) | 66 |
| Total Comprehensive Income (Standalone) | (277) | 64 |
| Consolidated PAT (Attributable to Owners) | (271) | 73 |
Operational Highlights
- MRPL processed 3.52 MMT of crude and other feedstock during the quarter, down from 4.35 MMT YoY.
- April 2025 witnessed the highest-ever crude processing in any April at 1512 TMT, surpassing the previous record of 1481 TMT in April 2022.
- Major shutdown activities in the Phase-2 complex were completed during the quarter.
- Gross Refining Margin (GRM) stood at US$ 3.88 per barrel, down from US$ 4.70 per barrel in Q1FY25.
Outlook
The company is likely to face continued pressure from volatile global crude prices and weak refining margins. However, operational stability after the completion of shutdowns and a focus on throughput recovery may provide a breather in coming quarters.
Mangalore Refinery and Petrochemicals Stock Performance
Mangalore Refinery and Petrochemicals shares have dipped 6.69% trading at ₹139.23 as of 3:23 PM IST on July 21, 2025. Mangalore Refinery and Petrochemicals shares have declined by 35% over the last year, 6% year-to-date, and 4% in the previous month.
Mangalore Refinery and Petrochemicals Ltd. opened at ₹140.94, reaching a high of ₹142.60 and a low of ₹136.77 during the session. The stock’s 52-week high stands at ₹224.90, while the 52-week low is ₹98.92. The company currently has a market capitalization of ₹24,400 crore.
About Mangalore Refinery and Petrochemicals
Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of ONGC, is a listed Schedule ‘A’ CPSE operating in the Refineries & Marketing sector. It is part of the NIFTY 500 index and was listed on January 7, 2005.
REF: https://nsearchives.nseindia.com/corporate/MRPL_18072025193014_PRESSRELEASE.pdf
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