Mangalore Refinery & Petroleum Limited announced its audited financial results for the fourth quarter and fiscal year ended March 31, 2026, following approval by the Board during its meeting on April 24, 2026. The company, a Schedule "A" Mini Ratna Category I CPSE and subsidiary of ONGC, reported significant improvement in annual profitability despite quarterly challenges.

Annual Performance FY 2025-26

MRPL delivered strong full-year performance with substantial growth in profitability metrics. Profit after tax for FY 2025-26 reached ₹1,931 crore, compared to ₹51 crore in the previous fiscal year, representing a remarkable recovery. Profit before tax stood at ₹4,022 crore versus ₹113 crore in FY 2024-25. Revenue from operations for the year totaled ₹1,05,155 crore, down from ₹1,09,280 crore in the previous year.

Quarterly Performance Q4 FY 2025-26

The fourth quarter showed mixed results with revenue growth but profit decline. Revenue from operations increased to ₹28,493 crore from ₹27,602 crore in Q4 FY 2024-25. However, profit after tax declined to ₹119 crore from ₹383 crore in the same period last year. Profit before tax improved to ₹1,235 crore from ₹584 crore in Q4 FY 2024-25.

Board Meeting and Dividend Decision

The Board meeting commenced at 15:45 hrs and concluded at 17:40 hrs on April 24, 2026. The Board has not recommended a final dividend for the Financial Year 2025-26. Earlier, on March 3, 2026, the company had declared an interim dividend of ₹4.00 per share (40%) amounting to ₹701.04 crore which has since been paid.

Operational Metrics

Physical performance data showed throughput of 4.35 MMT in Q4 FY 2025-26 compared to 4.64 MMT in Q4 FY 2024-25. For the full year, throughput stood at 17.00 MMT versus 18.18 MMT in FY 2024-25. The Gross Refining Margin (GRM) for FY 2025-26 was $0.22 per barrel, significantly lower than $4.45 per barrel in FY 2024-25.

Strategic Developments

MRPL achieved key operational milestones during the year. The Devarponthi Marketing Terminal became fully operational, enhancing inland market access. The company commissioned 85 new retail outlets during FY 2025-26, taking the total count to 252 outlets. MRPL also received recognition as FIPI Innovator of the Year 2025 for excellence in refining innovation and indigenous technological development.

Consolidated Results

On a consolidated basis, profit attributable to owners of the company for FY 2025-26 was ₹1,925 crore compared to ₹56 crore in the previous year. For Q4 FY 2025-26, consolidated PAT stood at ₹117 crore versus ₹371 crore in Q4 FY 2024-25.

Mangalore Refinery and Petrochemicals Limited has submitted its quarterly compliance certificate to stock exchanges, confirming adherence to SEBI regulations for the quarter ended March 31, 2026. The certificate validates the company's compliance with dematerialisation processes and securities handling requirements.

Regulatory Compliance Submission

The company filed the certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 with both BSE Limited and National Stock Exchange of India Limited on April 04, 2026. Company Secretary Premachandra Rao G signed the submission, ensuring proper documentation of the compliance process.

Registrar Confirmation

MUFG Intime India Private Limited, serving as the company's Registrar and Transfer Agent, issued the compliance certificate on April 3, 2026. The registrar confirmed that all securities received from depository participants for dematerialisation during Q4FY26 were properly processed within prescribed timelines.

Sr. Vice President-Corporate Registry Ashok Shetty signed the certificate on behalf of MUFG Intime India Private Limited. The registrar verified that security certificates received for dematerialisation were appropriately confirmed or rejected, with certificates being mutilated and cancelled after due verification.

Dematerialisation Process Compliance

The certificate confirms several key compliance aspects:

• Securities received during the quarter were confirmed to depositories within required timeframes
• All securities comprised in certificates have been listed on relevant stock exchanges
• Security certificates were properly mutilated and cancelled after verification
• Depository names were substituted in the register of members as registered owners

Company Background

Mangalore Refinery and Petrochemicals Limited operates as a Schedule 'A' Government of India enterprise and subsidiary of Oil and Natural Gas Corporation Limited. The company maintains ISO 9001, 14001, and 50001 certifications, demonstrating its commitment to quality and environmental standards alongside regulatory compliance.