Mangalore Refinery & Petroleum
172.49
+2.63(+1.55%)
Market Cap₹30,230.60 Cr
PE Ratio29.16
Company Performance:
1D+1.55%
1M+15.55%
6M+31.68%
1Y+3.70%
5Y+526.10%
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More news about Mangalore Refinery & Petroleum
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.
01Apr 25
MRPL Hits Record-Breaking 18 MMTPA Crude Processing Milestone
Mangalore Refinery and Petrochemical Limited (MRPL) has surpassed its highest-ever crude processing throughput, exceeding 18 million metric tonnes per annum (MMTPA). The refinery operated at 120.00% of its design capacity, demonstrating operational efficiency and asset optimization while maintaining safety standards. This achievement highlights MRPL's technical capabilities and could potentially impact India's reliance on imported refined petroleum products.
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