Mangalore Refinery & Petroleum Limited delivered impressive financial performance for the December quarter, with shares surging as much as 12% on Wednesday following the results announcement just minutes before market close.

Strong Stock Performance Following Results

Shares of MRPL jumped significantly after the company reported robust quarterly numbers. The stock gained as much as 12% intraday and was trading 7% higher at ₹155.28 following the results announcement. Over the past year, MRPL shares have gained 14%, reflecting sustained investor confidence in the refinery's performance.

Exceptional Financial Performance in Q3

The company's December quarter results demonstrated substantial improvement across all key financial metrics compared to the previous quarter.

Revenue Growth and Operational Efficiency

Revenue for the December quarter grew 9% from the September quarter to ₹24,712 crore from ₹22,684 crore. The revenue figures are adjusted for the excise duty component, providing a clearer picture of the company's operational performance.

The company's net profit performance was particularly impressive, surging from ₹627 crore in the September quarter to ₹1,451 crore in the December quarter, representing remarkable growth of over 131%.

EBITDA Margin Expansion Highlights Operational Excellence

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the period increased substantially to ₹2,784 crore from ₹1,489 crore in September, marking an 87% quarter-on-quarter growth.

The EBITDA margin expanded by nearly 500 basis points to 11.3% from 6.6% in the previous quarter, demonstrating significant operational leverage and improved cost efficiency across refining operations.

Market Response and Performance Summary

The strong quarterly results triggered immediate positive market response, with MRPL shares gaining up to 12% intraday. The company's performance reflects enhanced operational efficiency and favorable market conditions in the refining sector.

Key highlights of the quarterly performance include substantial profit growth, improved margins, and strong operational execution, positioning MRPL as a standout performer in the PSU refining space during the December quarter.

Mangalore Refinery and Petrochemicals Limited has officially announced an earnings conference call scheduled for January 19, 2026, to discuss its financial performance for the third quarter of fiscal year 2026. The call will commence at 11:00 AM IST and will focus on the company's unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Conference Call Details

The earnings call will be conducted via Zoom platform with specific timing arrangements for global participants. The company has provided comprehensive scheduling information to accommodate investors across different time zones.

Key Participants

The earnings call will feature senior management from both MRPL and the hosting investment firm. Devendra Kumar, Director Finance & CFO of MRPL, will serve as the primary speaker representing the company. The session will be hosted by Swarnendu Bhushan, Co-Head of Research at PL Capital's Institutional Research division.

Regulatory Compliance

In accordance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, MRPL has formally notified both BSE Limited and National Stock Exchange of India Limited about the scheduled conference call. The company has explicitly stated that no unpublished price sensitive information will be shared during the earnings call, ensuring full compliance with regulatory requirements.

Company Information

MRPL operates as a Schedule 'A' Government of India enterprise and functions as a subsidiary of Oil and Natural Gas Corporation Limited. The company maintains ISO 9001, 14001, and 50001 certifications, reflecting its commitment to quality, environmental management, and energy efficiency standards.

Contact Information

For additional information regarding the earnings call, investors can contact Swarnendu Bhushan at SwarnenduBhushan@PLIndia.com or call +91-22-6632 2260. The conference call represents an important opportunity for stakeholders to gain insights into MRPL's financial performance and operational developments for the third quarter of fiscal year 2026.