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Mangalore Refinery Q2 Profit Jumps 194% to Rs 1,881 Crore

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MRPL₹185.26 5.33%

Mangalore Refinery and Petrochemicals Ltd (NSE:MRPL) reported a profit after tax of Rs 1,881 crore for the second quarter of financial year 2026-27, marking a 194% increase compared to Rs 639 crore in the same period last year. Revenue from operations rose to Rs 35,590 crore from Rs 25,953 crore, even as export sales dropped to Rs 6,327 crore from Rs 10,404 crore. Additionally, the company announced an interim dividend of Rs 3 per equity share.

For the first half of the fiscal year, total profit climbed to Rs 2,796 crore, up significantly from Rs 367 crore recorded in the prior year's corresponding period. Operating performance remained strong despite refinery throughput easing slightly to 4.18 million tonnes from 4.43 million tonnes in the year-ago quarter.

Investors will keep an eye on insurance recoveries and operational restoration following a fire incident on September 30 at the refinery's coker hydrotreater unit. The company provisionally estimated the financial impact of the event at Rs 118.76 crore, noting that affected assets are fully insured and final losses will be recognized in upcoming reporting periods.

Key points

  • Q2 net profit jumped 194% year-over-year to Rs 1,881 crore from Rs 639 crore.
  • Quarterly revenue from operations increased to Rs 35,590 crore, driven by domestic sales.
  • The board announced an interim dividend of Rs 3 per equity share for fiscal year 2026-27.
  • A September 30 fire incident caused an estimated provisional loss of Rs 118.76 crore, which is covered by insurance.

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Questions and answers

What was MRPL's net profit for Q2 2026-27?

Mangalore Refinery and Petrochemicals Ltd reported a net profit of Rs 1,881 crore for Q2 2026-27, up 194% from Rs 639 crore in Q2 2025-26.

Did MRPL declare a dividend for Q2 2026-27?

Yes, the board of directors announced an interim dividend of Rs 3 per fully paid-up equity share of Rs 10 each.

How much financial damage was caused by the recent MRPL fire?

MRPL provisionally estimated the financial impact of the September 30 fire at Rs 118.76 crore, noting that the affected assets are adequately insured.