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Latest news about Mangalore Refinery & Petroleum

MRPL Issues Tender for 1 Million Barrels of Crude Oil, Seeks Alternate Shipping Routes 1 day ago Yesterday

Mangalore Refinery & Petroleum has issued a tender for 1 million barrels of crude oil, requesting that deliveries avoid the Red Sea and the Strait of Hormuz. The company has specified early September as the target delivery timeline. The development was reported by a newspaper, with no additional details on crude grade or pricing terms available from the source.

MRPL FY26 BRSR shows 92.98% urban workforce, rural share rises 5 days ago

MRPL Annual Report FY 2025-26: Profit After Tax Surges to ₹1,931 Crore on Stronger Refining Margins 5 days ago

MRPL schedules 38th AGM on Aug 24, 2026 via video conferencing 8 days ago

MRPL Q1FY27 net profit rises to ₹915 crore on higher revenue Jul 16, 2026

More news about Mangalore Refinery & Petroleum

10Jul 26

MRPL appoints Satyan Kumar as ONGC Nominee Director

Mangalore Refinery and Petrochemicals Limited appointed Satyan Kumar as ONGC Nominee Director on its Board effective July 2, 2026. Kumar brings over 36 years of experience in the oil and gas sector. Additionally, Dheeraj Kumar Ojha ceased to be Government Nominee Director effective July 11, 2026, following his transfer to another Ministry.

02Jul 26

MRPL ONGC Nominee Director ceases on superannuation

Shri. Pankaj Kumar ceased to be the ONGC Nominee Director on the Board of Mangalore Refinery and Petrochemicals Limited effective July 1, 2026, due to superannuation. The company disclosed the change to stock exchanges under Regulation 30 of the SEBI Listing Obligations Regulations, 2015.

06Jun 26

ONGC holds 88.58% stake in MRPL as on March 31, 2026

Oil and Natural Gas Corporation Limited and its subsidiary Hindustan Petroleum Corporation Ltd. collectively hold 88.58% of the paid-up share capital in Mangalore Refinery and Petrochemicals Ltd as on March 31, 2026. ONGC directly holds 71.63%, while HPCL holds 16.96%. There were no encumbrances on these shares during the financial year ended March 31, 2026.

06Jun 26

MRPL extends Ojha's tenure, appoints Dr. Seema as director

Mangalore Refinery and Petrochemicals Limited announced the extension of Shri D K Ojha's tenure as Govt Nominee Director until May 15, 2029, and the appointment of Dr. Seema as Govt Nominee Director for three years effective June 4, 2026, following Ministry of Petroleum and Natural Gas approval.

02Jun 26

MRPL appoints Shri. Pattathil Sujith as Executive Director

Mangalore Refinery and Petrochemicals Limited appointed Shri. Pattathil Sujith as Executive Director (Projects) effective June 1, 2026, following the superannuation of Shri. BHV Prasad. Sujith, a Mechanical Engineer with over 30 years of experience, joined MRPL in 1993 and has contributed to key projects including the refinery's Phase I, II, and III units.

29May 26

MRPL fined by exchanges for board non-compliance in Q4FY26

Mangalore Refinery and Petrochemicals Limited was fined ₹5,68,760 each by BSE and NSE for non-compliance with board composition norms in Q4FY26. The company has sought a waiver, citing its status as a CPSE where director nominations are handled by the Ministry of Petroleum and Natural Gas.

28May 26

MRPL launches Saksham Niveshak campaign to claim unpaid dividends

Mangalore Refinery and Petrochemicals Limited launched the 'Second 100 Days Campaign - Saksham Niveshak' on April 01, 2026, under IEPFA directives to help shareholders claim unpaid dividends. The campaign runs until July 09, 2026, urging investors to update KYC details and prevent transfers to IEPF.

19May 26

MRPL secures PNGRB nod for ATF pipeline expansion

Mangalore Refinery and Petrochemicals Limited received authorization from the Petroleum and Natural Gas Regulatory Board (PNGRB) to expand its ATF pipeline infrastructure to Kempegowda International Airport. The project, with a capacity of 2.5MMTPA, involves laying a pipeline from Devangonthi to fuel stations within the airport and must be completed within 36 months.

14May 26

MRPL Wins CESTAT Ruling, Eligible for ₹212.53 Crore Refund in Customs Case

Mangalore Refinery and Petrochemicals Limited secured a favourable CESTAT, Bangalore final order in a customs classification dispute involving imported 'Reformate' for the period October 2015 to February 2017, with a total demand of ₹616.82 crore. The tribunal allowed MRPL's appeal, making the company eligible for a ₹212.53 crore refund of customs duty paid under protest and extinguishing the ₹616.82 crore contingent liability from its books.

27Apr 26

Elara Capital Raises Mangalore Refinery Target Price to ₹214 on Strong GRM Performance

Elara Capital has upgraded Mangalore Refinery and Petrochemicals with an Accumulate rating and raised target price to ₹214, driven by strong Gross Refining Margin of ~$13.5/bbl that resulted in 58% YoY EBITDA growth. However, the company faced challenges with PAT decline due to lower inventory gains and taxes, plus ~9% throughput drop. While EPS upgrades were noted, the brokerage highlighted that earnings volatility continues due to lack of downstream integration.

27Apr 26

MRPL Board Approves FY26 Audited Results; Reports ₹1,931 Crore Annual Profit

Mangalore Refinery & Petroleum Limited's Board approved FY26 audited results showing remarkable recovery with annual profit of ₹1,931 crore against ₹61 crore in FY25, representing over 3,000% growth. The Board decided against recommending final dividend for FY25-26, with statutory auditors providing unmodified opinion on financial statements.

04Apr 26

MRPL Submits Q4FY26 SEBI Compliance Certificate for Dematerialisation Process

Mangalore Refinery and Petrochemicals Limited filed its Q4FY26 compliance certificate under SEBI Regulation 74(5) on April 04, 2026. The certificate from registrar MUFG Intime India Private Limited confirms proper handling of dematerialisation processes and adherence to securities regulations during the quarter ended March 31, 2026.

03Apr 26

MRPL Submits Half-Yearly NCD Statement as on March 31, 2026 in SEBI Compliance

Mangalore Refinery and Petrochemicals Limited filed its half-yearly NCD statement as on March 31, 2026, showing ₹3,260 crore in outstanding debt securities across three ISIN series. The NCDs carry coupon rates between 7.40% and 7.75% with yearly payment frequency and maturity dates ranging from 2030 to 2032. The filing demonstrates the company's compliance with SEBI disclosure requirements for listed debt instruments.

31Mar 26

MRPL Disburses ₹4 Per Share Interim Dividend for FY2025-26

Mangalore Refinery and Petrochemicals Limited successfully disbursed interim dividend of ₹4 per share to eligible shareholders on March 24, 2026. The dividend, representing 40% rate on ₹10 face value shares, was declared by the Board on March 03, 2026 for Financial Year 2025-26. The company has duly informed BSE and NSE about the completion of dividend payment in compliance with SEBI regulations.

31Mar 26

MRPL Receives GST Order Demanding ₹23.76 Crore for Input Tax Credit Issues

Mangalore Refinery and Petrochemicals Limited received an Order-in-Original from GST authorities demanding ₹10,96,99,437 as basic amount and ₹12,79,10,256 as penalty for Input Tax Credit issues during FY 2019-20 to FY 2023-24. The company disclosed this under SEBI regulations, stating no significant financial impact expected and plans to appeal the order, considering it unjustified and unsustainable in law.

28Mar 26

MRPL Announces Cessation of Four Independent Directors Effective March 28, 2026

Mangalore Refinery and Petrochemicals Limited announced the cessation of four Independent Directors effective March 28, 2026, following completion of their tenure. The directors - Shri Rajkumar Sharma, Shri Manohar Singh Verma, Shri Pankaj Gupta, and Ms. Cheruvally Nivedida Subramanian - held various committee positions including chairmanships of Audit, Nomination and Remuneration, Stakeholders Relationship, and Corporate Social Responsibility committees. The announcement was made in compliance with SEBI regulations.

07Mar 26

MRPL Officially Denies Shutdown Rumors, Confirms Normal Operations Continue

Mangalore Refinery & Petroleum has formally denied rumors about operational shutdowns at its refinery through a regulatory filing under Regulation 30. The company clarified that operations remain normal with adequate crude oil supplies, contradicting social media reports suggesting feedstock shortages were causing shutdowns at the 300,000 BPD facility.

06Mar 26

MRPL Clarifies No Force Majeure Declaration, Denies Fuel Export Halt Reports

Mangalore Refinery & Petroleum Limited has formally clarified to stock exchanges that it has not declared any force majeure on fuel exports, directly contradicting earlier media reports. The company responded to BSE surveillance inquiries by categorically denying the reports and confirming normal operations continue without any export disruptions.

03Mar 26

MRPL Declares ₹4 Interim Dividend for FY2025-26, Sets Record Date March 11, 2026

Mangalore Refinery and Petrochemicals Limited announced interim dividend of ₹4 per share for FY2025-26 following board meeting on March 03, 2026. The company also recommended appointment of M/s Kumar Naresh Sinha & Associates as secretarial auditor for five consecutive years.

02Mar 26

MRPL Receives Rs.10.86 Lakh Fine from Stock Exchanges for Board Composition Non-Compliance

MRPL has received Rs.5,42,800 fine each from BSE and NSE for non-compliance with board composition regulations during Q3 FY26, totaling Rs.10.86 lakh. The company has requested waiver citing its CPSE status where director nominations are made by the Ministry of Petroleum and Natural Gas, Government of India.

24Feb 26

MRPL Board Meeting on March 3, 2026 to Consider Interim Dividend Declaration

Mangalore Refinery and Petrochemicals Limited has officially announced a board meeting scheduled for March 3, 2026, to consider the declaration of interim dividend for financial year 2025-26. The company has implemented a trading window closure from February 24 to March 5, 2026, and formally communicated this development to both BSE and NSE in compliance with SEBI regulations.

29Jan 26

MRPL Completes Re-lodgement of Physical Shares Under SEBI Compliance Framework

Mangalore Refinery and Petrochemicals Limited completed the re-lodgement of 200 physical shares worth ₹10 each under SEBI compliance framework. The transfer from R.C. Bhalla to Dhani Ram Sharma was processed from the IEPF demat account after completing the mandatory 30-day public notice period with no objections received. The shares will remain under six-month lock-in period.

20Jan 26

MRPL Expects Strong Q4 FY26 Performance, Plans Further Debt Reduction from ₹9,290 Crore

MRPL expects strong performance in Q4 FY26 with ongoing market support and plans to reduce its current debt of ₹9,290.00 crore further in the next quarter. The debt reduction strategy is contingent on favorable market conditions, reflecting the company's balanced approach to financial management and operational growth.

19Jan 26

MRPL Makes Q3FY26 Results Conference Call Recording Available to Stakeholders

Mangalore Refinery and Petrochemicals Limited has informed stock exchanges about conference call recordings from January 19, 2026, discussing Q3FY26 unaudited financial results. The company provided audio and video recording links for the earnings discussion held with analysts and investors, ensuring regulatory compliance under SEBI Listing Regulations and maintaining transparency for all stakeholders.

19Jan 26

MRPL Management Expresses Interest in Venezuelan Oil Acquisition

MRPL management has indicated interest in acquiring oil from Venezuela, as disclosed during a recent conference call. This strategic consideration reflects the company's efforts to diversify crude oil sourcing and explore new supply opportunities in the international market.

19Jan 26

MRPL Reveals New Sourcing Strategy: 40% Middle East Crude Post-Russian Exit

MRPL has revealed its restructured crude sourcing strategy following the cessation of Russian crude imports, with 40% sourcing from Middle East suppliers and the remaining 60% through competitive tendering processes. This approach ensures supply stability regardless of geopolitical conditions while maintaining cost optimization and regulatory compliance.

19Jan 26

MRPL Plans Five-Fold Expansion of Retail Fuel Outlets Over Next Five Years

Mangalore Refinery & Petroleum Limited has announced plans to expand its retail fuel outlet network by five times over the next five years. The ambitious growth strategy was revealed during a recent conference call update, highlighting the company's focus on strengthening its downstream operations and market presence in the retail fuel distribution sector.

19Jan 26

MRPL Reports Freight Rates Below Q2 Levels But Above Q1 in Management Update

MRPL management reported during a conference call that current freight rates have declined below Q2 levels while remaining above Q1 rates. This indicates a moderation in transportation costs from the previous quarter's peak, though rates continue to stay elevated compared to the first quarter baseline.

19Jan 26

MRPL Announces Plans to Launch 1% Blended Jet Fuel Production from 2027

Mangalore Refinery & Petroleum Limited has announced plans to begin production of 1% blended jet fuel starting from 2027. Company executives have outlined this strategic initiative as part of MRPL's expansion into sustainable aviation fuel solutions. The development represents the company's commitment to diversifying its product portfolio and positioning itself within the growing sustainable aviation fuel market segment.

14Jan 26

MRPL Reports Strong Q3 FY26 Results with 16% Revenue Growth to ₹29,720 Crore

MRPL delivered exceptional Q3 FY26 results with revenue growing 16% to ₹29,720 crore and net profit surging 375% to ₹1,445 crore year-on-year. The company achieved a remarkable turnaround in nine-month performance, moving from losses in FY25 to profits of ₹1,812 crore in FY26. MRPL strengthened its balance sheet by reducing debt from ₹12,867 crore to ₹9,290 crore and improving debt-equity ratio from 0.99 to 0.63, while maintaining stable operational performance with 4.70 MMT throughput in Q3.

14Jan 26

MRPL Reports Strong Q3FY26 Results with Net Profit Surging 375% to ₹1,445 Crores

Mangalore Refinery and Petrochemicals Limited reported exceptional Q3FY26 results with net profit surging 375% to ₹1,445.16 crores from ₹304.19 crores year-on-year. Revenue increased 16% to ₹29,720.13 crores with operating margins expanding to 9.67%. The nine-month period showed remarkable turnaround with net profit of ₹1,811.86 crores against previous year's loss of ₹312.56 crores. Financial position strengthened with debt-equity ratio improving to 0.63 times and total borrowings reducing by 30% to ₹9,289.61 crores.

14Jan 26

MRPL Stock Surges 12% After Strong Q3 Results with Net Profit Rising to ₹1,451 Crore

MRPL delivered exceptional Q3 performance with net profit surging 131% to ₹1,451 crore and EBITDA margin expanding to 11.3% from 6.6% in the previous quarter. The strong results triggered a 12% jump in share price, with the stock trading 7% higher at ₹155.28 following the announcement.

13Jan 26

MRPL Announces Earnings Call on January 19, 2026 to Discuss Q3FY26 Financial Results

Mangalore Refinery and Petrochemicals Limited has scheduled an earnings conference call for January 19, 2026, at 11:00 AM IST to discuss Q3FY26 financial results for the quarter ended December 31, 2025. The call will be hosted by PL Capital with MRPL's CFO Devendra Kumar as the key speaker, and the company has confirmed compliance with SEBI regulations regarding price sensitive information disclosure.

13Jan 26

MRPL Schedules Q3FY26 Earnings Call for January 19, 2026 Under SEBI Regulation 30

Mangalore Refinery and Petrochemicals Limited announces Q3FY26 earnings call for January 19, 2026, at 11:00 AM IST to discuss unaudited financial results for quarter and nine months ended December 31, 2025. The call, hosted by PL Capital with MRPL's CFO Devendra Kumar as speaker, complies with SEBI Regulation 30 requirements and assures no price sensitive information will be shared.

29Oct 25

MRPL Halts Russian Oil Purchases Amid Sanctions Concerns

Mangalore Refinery & Petroleum (MRPL) has decided to stop buying Russian oil due to risks associated with potential sanctions violations. Indian banks are now requiring detailed transaction records for Russian oil deals. This decision reflects MRPL's commitment to compliance with international trade regulations and could impact India's oil import strategy.

24Oct 25

MRPL Reports Strong Q2 Performance with 639 Crore PAT, Throughput Recovers to 4.4 MMT

Mangalore Refinery & Petroleum (MRPL) posted impressive Q2 results with revenue of 25,953.00, EBITDA of 1,565.00, and PAT of 639.00. Operational highlights include a throughput of 4.4 MMT, improved product yields, and Russian crude comprising 30-40% of sourcing. MRPL is expanding its retail presence, targeting 250 outlets by fiscal year-end. The company is also focusing on sustainable initiatives, including a Sustainable Aviation Fuel project and decarbonization efforts.

17Oct 25

MRPL Unveils Ambitious Retail Expansion Plans and Operational Outlook

Mangalore Refinery & Petroleum (MRPL) plans to expand its retail outlet network to over 250 by year-end, with an annual addition of 100-130 outlets thereafter. The company projects an annual capital expenditure of ₹1,500 crores, expects fuel costs and losses to stabilize around 10%, and anticipates Q3 crude processing to exceed 4.43 million metric tonnes. MRPL foresees stronger Gross Refining Margins in October, indicating a positive performance outlook.

16Oct 25

MRPL Explores Discounted Alternative Oil Options Amid Global Market Shifts

Mangalore Refinery & Petroleum (MRPL), a subsidiary of ONGC, is exploring discounted alternative oil options to manage input costs and ensure a stable supply chain. This strategic move comes as the company reports a significant financial turnaround, with a profit after tax of 639.00 crores in Q2 FY 2025-26, compared to a loss of 682.00 crores in the same quarter last year. MRPL has also demonstrated operational agility by processing new crude oil and achieving record monthly dispatch at its Devangonthi terminal.

16Oct 25

Mangalore Refinery & Petrochemicals Sees Rs. 158.57 Crore Block Trade on NSE

Mangalore Refinery & Petroleum Ltd. (MRPL) experienced a significant block trade on the National Stock Exchange on October 15, 2025. The transaction involved 10,402,441 shares traded at Rs. 152.44 per share, totaling Rs. 158.57 crore. This large-scale trade suggests potential institutional investor activity or major stakeholder movements, which could indicate changing perceptions about the company's value or prospects among key market players.

15Oct 25

MRPL Reports Strong Q2 Turnaround with ₹639 Crore Profit

Mangalore Refinery & Petroleum (MRPL) has reported a net profit of ₹638.67 crore for Q2 FY2026, reversing a loss of ₹271.97 crore in the previous quarter. Revenue from operations increased to ₹25,952.94 crore in Q2 from ₹20,988.03 crore in Q1 FY2026. For H1 FY2026, MRPL achieved a net profit of ₹366.70 crore, compared to a loss of ₹616.75 crore in H1 FY2025. The company's total debt decreased to ₹10,552.33 crore, and the debt-equity ratio improved to 0.79 times. Cash and cash equivalents rose significantly to ₹807.66 crore, and the operating margin for Q2 FY2026 improved to 4.93%.

01Aug 25

MRPL Halts Russian Crude Oil Purchases from Spot Market

Mangalore Refinery & Petroleum (MRPL) has announced a significant change in its crude oil procurement strategy by stopping purchases of Russian crude oil from the spot market. This decision could impact MRPL's supply chain and cost structure, potentially reflecting efforts to diversify oil sources or respond to changing market dynamics. The move may be influenced by global geopolitical considerations, pricing fluctuations, compliance with international trade regulations, and optimization of refining operations.

24Jul 25

MRPL Reports Q1 Loss of Rs 272 Crores Amid Plant Turnaround and Inventory Challenges

Mangalore Refinery & Petroleum (MRPL) reported a net loss of Rs 272.00 crores in Q1, attributed to a planned plant turnaround and inventory losses from crude price volatility. Revenue decreased to Rs 20,983.00 crores, with EBITDA at Rs 218.00 crores. Gross Refining Margin averaged $3.88 per barrel. Crude processing was lower at 3.52 MMT due to the turnaround. MRPL operates 170 retail outlets with plans to add 100 more this year. The company's gross debt stands at Rs 13,608.00 crores with a debt-equity ratio of 1.08x. MRPL expects improved performance in Q2 with all units back in service and targets GRMs in high single digits.

23Jul 25

MRPL Shares Surge 6.4% as YES Securities Raises Price Target

Mangalore Refinery & Petroleum (MRPL) shares rose 6.4% to Rs 154.00, extending a two-day rally of 10.6%. YES Securities maintained a 'buy' rating and increased the price target to Rs 180.00. However, MRPL reported a Q1FY26 net loss of Rs 271.97 crore, down from a profit of Rs 73.22 crore in Q1FY25. Revenue decreased by 23.1% to Rs 20,988.03 crore. The weak performance was attributed to a 45-day shutdown, lower plant utilization, and limited feedstock availability. Despite challenges, YES Securities expects improved Q2 performance due to better refining spreads and elevated diesel cracks.

23Jul 25

MRPL Shares Surge 6.4% as YES Securities Raises Price Target

Mangalore Refinery & Petroleum Ltd (MRPL) shares rose 6.4% to Rs 154.00, extending a two-day rally of 10.6%. YES Securities maintained a 'buy' rating and increased the price target from Rs 160.00 to Rs 180.00. MRPL reported a loss in Q1FY26 due to a plant shutdown and lower utilization. Despite challenges, the brokerage anticipates improved Q2 performance, citing better refining spreads and discounted Russian crude sourcing. Long-term growth is expected from petrochemicals expansion and retail business development.

23Jul 25

MRPL Shares Surge 6.4% as YES Securities Raises Price Target Amid Q1 Losses

Mangalore Refinery & Petroleum (MRPL) shares rose 6.4% to Rs 154.00, extending a two-day rally to 10.6%. This surge occurred despite MRPL reporting a Q1 consolidated net loss of Rs 271.97 crore, compared to a profit of Rs 73.22 crore in the same period last year. Revenue declined to Rs 20,988.03 crore from Rs 27,289.40 crore year-on-year. The weak performance was attributed to a 45-day shutdown, lower plant utilization, and limited feedstock availability. Despite these results, YES Securities maintained a 'buy' rating, raising the price target to Rs 180.00. The brokerage expects better Q2 performance due to improved refining spreads and elevated diesel cracks. MRPL's long-term growth prospects include petrochemicals expansion and retailing initiatives.

23Jul 25

MRPL Shares Surge 6.4% as YES Securities Raises Price Target

Mangalore Refinery & Petroleum Ltd (MRPL) shares rose 6.4% to Rs 154.00, extending a two-day rally to 10.6%. YES Securities maintained a 'buy' rating, raising the price target to Rs 180.00. Despite a challenging Q1FY26 with a net loss of Rs 271.97 crore and revenue drop of 23.1%, analysts anticipate a better Q2 due to improved refining spreads and discounted Russian crude sourcing. MRPL's long-term strategy focuses on petrochemicals expansion and retail business development.

22Jul 25

MRPL Sets Ambitious Retail Sales Target, Plans Rs. 1,000 Crore Capital Expenditure for FY26

Mangalore Refinery & Petroleum announces plans to boost retail sales volume to 300-325 TKL in FY26 and 500 TKL in FY27. The company sets a capital expenditure target of approximately Rs. 1,000.00 crore for FY26, including shutdown costs. Recent financial results for Q1 FY26 were approved by the board and discussed in an investor conference call.

22Jul 25

MRPL Projects Q2 FY26 Throughput Above 4.3 Million MT, Plans Retail Expansion

Mangalore Refinery & Petroleum (MRPL) anticipates Q2 FY26 throughput to exceed 4.30 million metric tonnes. The company targets high single-digit gross refining margins for the quarter. MRPL plans to open about 100 new retail outlets this fiscal year, aiming to reach around 300 total outlets. The company recently discussed its Q1 FY26 results in a conference call and has made financial information available to stakeholders.

21Jul 25

MRPL to Sell Diesel Through Tenders Amid Changing Russian Oil Dynamics

Mangalore Refinery & Petroleum (MRPL) announces strategic changes in operations. The company will sell diesel to traders through tenders. MRPL expresses confidence in continuing Russian oil imports in July. However, discounts on Russian oil purchases have been reduced. MRPL anticipates higher diesel cracks due to EU sanctions and is evaluating the impact of new EU sanctions on Russian oil.

21Jul 25

MRPL Narrows Q1 Net Loss, Faces Revenue Decline

Mangalore Refinery & Petroleum (MRPL) reported a narrowed net loss of ₹2.70 billion in Q1, an improvement from ₹3.63 billion loss in the same quarter last year. However, revenue declined significantly to ₹210.00 billion from ₹276.00 billion year-over-year, representing a 23.91% decrease.

18Jul 25

MRPL Reports Reduced Net Loss in Q1 Despite Revenue Decline

Mangalore Refinery & Petroleum (MRPL) reported a net loss of ₹271.97 crore in Q1, an improvement from ₹363.63 crore loss in the same quarter last year. Revenue decreased by 23.10% to ₹20,988.03 crore. EBITDA dropped to ₹180.00 crore from ₹1,130.00 crore in the previous quarter, with EBITDA margin contracting to 0.85%. The company's net worth stood at ₹12,657.20 crore, with a debt-to-equity ratio of 1.08.

26Apr 25

MRPL Reports 68% Decline in Q4 Net Profit Amid Challenging Market Conditions

Mangalore Refinery and Petrochemicals Limited (MRPL) announced its Q4 FY 2024-25 results, showing a significant decline in profitability. Net profit fell 68% to ₹363.00 crore, while revenue decreased by 2.9% to ₹24,596.00 crore. EBITDA dropped 51.7% to ₹1,130.00 crore, with the EBITDA margin contracting to 4.6%. For the full fiscal year, net profit plummeted to ₹50.58 crore from ₹3,595.93 crore in the previous year. Despite challenges, MRPL maintained a strong financial position with total assets of ₹34,399.01 crore and a net worth of ₹12,933.78 crore. The company's board did not recommend any dividend for FY 2024-25.