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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 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 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.