Mangalore Refinery & Petroleum (MRPL) has reported a significant turnaround in its financial performance for the quarter ended September 30, 2025. The company's latest financial results showcase a robust recovery and improved operational efficiency.

Key Financial Highlights

Quarterly Performance

MRPL has reported a net profit of ₹638.67 crore for Q2 FY2026, marking a substantial recovery from a loss of ₹271.97 crore in the previous quarter. The company's revenue from operations increased to ₹25,952.94 crore in Q2, compared to ₹20,988.03 crore in Q1 FY2026.

Half-Yearly Results

For the half-year period ended September 30, 2025, MRPL achieved a net profit of ₹366.70 crore, a significant improvement from a loss of ₹616.75 crore in the same period last year.

Financial Position

The company's total debt decreased to ₹10,552.33 crore as of September 30, 2025, from ₹12,866.61 crore as of March 31, 2025. The debt-equity ratio improved to 0.79 times, indicating a strengthened financial position.

Liquidity Improvement

Cash and cash equivalents saw a substantial increase, rising to ₹807.66 crore from ₹10.10 crore at the beginning of the financial year, reflecting improved liquidity management.

Operational Efficiency

The company's operating margin for Q2 FY2026 stood at 4.93%, compared to -1.06% in the previous quarter, indicating improved operational efficiency.

MRPL's Board of Directors approved these financial results at their meeting held on October 15, 2025. The company continues to operate in the downstream petroleum sector, focusing on refining and petrochemical operations.

As per the latest data, MRPL maintains its status as a Schedule 'A' Government of India Enterprise and a subsidiary of Oil and Natural Gas Corporation Limited (ONGC). The company remains committed to its quality standards, maintaining ISO 9001, 14001, and 50001 certifications.

Investors and stakeholders can access detailed financial information on the company's website at www.mrpl.co.in .

Mangalore Refinery & Petroleum , a leading Indian oil refining company, has made a significant change in its crude oil procurement strategy. The company has announced that it has stopped purchasing Russian crude oil from the spot market.

Strategic Shift in Oil Procurement

MRPL's decision to cease buying Russian crude oil from the spot market marks a notable operational change for the company. This move could potentially impact the company's supply chain and cost structure, given the volatile nature of global oil markets.

Implications for MRPL

The shift away from Russian crude in the spot market may indicate MRPL's efforts to diversify its oil sources or respond to changing market dynamics. This decision could be influenced by various factors, including:

• Global geopolitical considerations
• Pricing fluctuations in the international oil market
• Compliance with international trade regulations
• Efforts to optimize the company's refining operations

Looking Ahead

As MRPL implements this change in its crude oil procurement strategy, industry observers will be keen to see how it affects the company's operations and financial performance in the coming quarters. The move may also have broader implications for India's oil import patterns and its relationship with various oil-exporting nations.

Investors and stakeholders will likely monitor how this strategic shift impacts MRPL's refining margins and overall business performance in the volatile global oil market landscape.