Mangalore Refinery and Petrochemicals Ltd reported a standalone net profit of ₹915 crore for the quarter ended June 30, 2026, reversing the net loss of ₹272 crore recorded in the corresponding period of the previous year. Revenue from operations rose significantly to ₹41,609 crore from ₹20,989 crore in the same quarter last year. The company recognized exceptional items of ₹471.76 crore during the quarter, primarily due to the revision of certain petroleum product prices on supplies made in the previous period.

The Board of Directors approved the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, at a meeting held on July 15, 2026. Profit before tax for the quarter stood at ₹1,215 crore, compared to a loss before tax of ₹403 crore in the previous year. The company's total comprehensive income for the quarter was ₹912 crore, compared to a loss of ₹277 crore in the same period last year.

Financial Performance

The following table summarises the key standalone financial metrics on a year-on-year basis:

On a sequential basis, EBITDA for the quarter stood at 13.2B rupees compared to 17.8B rupees in the preceding quarter, with EBITDA margin at 3.17% versus 6.25% quarter-on-quarter. The company's consolidated net profit for the quarter was ₹946 crore, compared to a net loss of ₹271 crore in the corresponding period of the previous year. Total comprehensive income attributable to the owners of the company stood at ₹943 crore.

The key sequential performance metrics are summarised below:

Operational Highlights

Crude throughput for the quarter stood at 4.43 million metric tonnes (MMT), up from 3.52 MMT in the same quarter last year. MRPL achieved a significant milestone in its Sustainable Aviation Fuel (SAF) journey by obtaining certification under the ISCC CORSIA framework on April 24, 2026, for co-processing of Used Cooking Oil (UCO).

The company received PNGRB authorization for an ATF pipeline from Devangonthi Terminal to Kempegowda International Airport in Bengaluru. Product loading commenced at Aegis Terminal in Mangaluru, Hindupur depot in Andhra Pradesh, and Ennore terminal in Tamil Nadu. Lease agreements were executed for tankages at Jawaharlal Nehru Port Authority in Navi Mumbai, Kakinada, and Krishnapatnam in Andhra Pradesh.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE103A01014/1b5a69c48673455e.pdf

Mangalore Refinery and Petrochemicals Limited has appointed Satyan Kumar as ONGC Nominee Director on its Board, effective July 2, 2026. The appointment was communicated to the exchanges pursuant to Regulation 30 read with Part "A" of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Satyan Kumar is not debarred from holding the office of Director by any SEBI order or other authority. He is not related to any Directors of the company and is eligible for the appointment under the provisions of Section 164 of the Companies Act, 2013.

Profile of Satyan Kumar

Satyan Kumar currently serves as Director (Strategy & Corporate Affairs) at ONGC. He provides strategic leadership for corporate strategy, business development, joint-venture operations, stakeholder engagement, and emerging energy initiatives.

He holds an Electrical Engineering degree from Dayalbagh Educational Institution, Agra, and a Post Graduate Diploma in Management from MDI Gurgaon. He has also undergone advanced leadership training at ESCP-EAP, France.

Professional Experience

Kumar brings over 36 years of experience across the oil and gas value chain. His career spans upstream operations, engineering, project management, marketing, business development, petrochemicals, corporate strategy, and renewable energy.

He has played a key role in ONGC's diversification into petrochemicals, LNG, and green energy, including the company's first 15 MW utility-scale solar project.

Change in Director

Pursuant to Regulation 30(2) and Regulation 51(2) read with Part "A" and Part "B" of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shri Dheeraj Kumar Ojha, DIN: 09639759, ceased to be Government Nominee Director on the Board of Mangalore Refinery and Petrochemicals Limited effective July 11, 2026. This change was on account of his posting from Ministry of Petroleum and Natural Gas (MoPNG) to another Ministry on July 10, 2026.