Media Release
Mangaluru, Oct 15: The board of directors of Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary company of ONGC and schedule ‘A’ Mini Ratna category I company during its 278th meeting held on October 14 approved it’s Standalone and Consolidated financial results for the second quarter (Q2 FY 2026-27) and half year (H1 FY 2026-27) ended September 30.
Financial highlights for the second quarter Q2 FY 2026-27 (Q2 FY 2025-26):
- Revenue from operations Rs 35,590 cr (Q2 FY 2025-26 Rs 25,953 cr).
- Profit before tax of Rs 2,519 cr (Q2 FY 2025-26 Profit before tax Rs 975 cr).
- Profit after tax of Rs 1,881 cr (Q2 FY 2025-26 Profit after tax Rs 639 cr).
Financial Highlights for the half year H1 FY 2026-27 (H1 FY 2025-26):
- Revenue from operations Rs 77,199 cr (H1 FY 2025-26 Rs 46,942 cr).
- Profit before tax of Rs 3,734 cr (H1 FY 2025-26 Profit before tax Rs 572 cr).
- Profit after tax of Rs 2,796 cr (H1 FY 2025-26 Profit after tax Rs 367 cr).
The board of directors in its meeting held on October 14 has declared the first interim dividend of Rs 3 per equity share (30%).
Others highlights:
- First-ever international credit rating: Secured a ‘BBB−’ rating with stable outlook from fitch ratings, at par with India’s sovereign rating.
- Agreement for hiring of tankages for product storage at Goa for ATF and Kochi for MS/HSD were finalized during Q2.
- Product loading commenced at Aegis Terminal in Mangaluru, Hindupur depot in Andhra Pradesh and Ennore terminal in Tamil Nadu.
MRPL Marketing Terminal, Devangonthi, Bengaluru, has successfully obtained ISCC CORSIA (International Sustainability and Carbon Certification – Carbon Offsetting and Reduction Scheme for International Aviation) certification under the trader and storage category for the receipt, storage, and blending of Sustainable Aviation Fuel (SAF) with Aviation Turbine Fuel (ATF).
A joint venture between the company, Oil and Natural Gas Corporation Limited (ONGC) and ONGC Petro additions Limited (OPaL), by the name ONGC Petrochemicals Marketing Limited (OPML) has been incorporated on October 7 for undertaking marketing activities relating to petrochemicals, chemicals and kindred products. The company holds 25% equity stake in OPML along with ONGC holding 50% and OPaL holding 25%.
Mangalore Refinery and Petrochemicals Limited (MRPL) has been conferred with the prestigious ‘GEEF Global WaterTech Award 2026’ under the category of Water efficiency management company of the year.