MRPL Mangalore Refinery and Petrochemicals Ltd (MRPL) has reported a sharp turnaround in Q1 FY2026‑27,
Mangalore Refinery and Petrochemicals Ltd (MRPL) has reported a sharp turnaround in Q1 FY2026‑27, posting a net profit of ₹915–946 crore after a loss of ₹272 crore last year. Revenue nearly doubled to ₹41,609 crore, and the stock surged 13 % to ₹178.40 on the back of strong operational performance and refinery throughput gains. 📊 Financial Highlights (Q1 FY2026‑27) Metric Q1 FY26‑27 Q1 FY25‑26 YoY Change Revenue from Operations ₹41,609 crore ₹20,989 crore +98 % EBITDA ₹1,860 crore ₹218 crore +753 % Profit Before Tax ₹1,215 crore ₹‑403 crore — Net Profit (PAT) ₹915–946 crore ₹‑272 crore — Throughput (Crude & Feedstock) 4.43 MMT 3.52 MMT +26 % 🏭 Operational & Strategic Updates Infrastructure Expansion: Received PNGRB authorisation for an Aviation Turbine Fuel (ATF) pipeline linking Devangonthi Terminal to Kempegowda International Airport, Bengaluru. Commenced product loading operations at Aegis Terminal (Mangaluru), Hindupur (Andhra Pradesh), and Ennore (Tamil Nadu). Executed lease agreements for tank storage at JNPA (Navi Mumbai), Kakinada, and Krishnapatnam. Sustainability Milestone: Achieved ISCC CORSIA certification for co‑processing used cooking oil (UCO) to produce Sustainable Aviation Fuel (SAF) — a major step toward India’s clean‑energy goals. 💹 Stock Market Reaction Price Movement: Jumped 13 % intraday to ₹178.40 (BSE/NSE) on July 16 2026. 52‑Week Range: ₹120.40 (low) – ₹212.31 (high). Technical View: Analysts note a triangle breakout above ₹165, with resistance near ₹173–175 and support around ₹150–145. 🌍 Broader Context MRPL, a Miniratna CPSE subsidiary of ONGC, continues to benefit from higher refining margins and strong domestic fuel demand. Export revenue rose to ₹5,012 crore, up from ₹4,767 crore last year. The company’s EBITDA margin expanded to 3.44 %, reflecting improved cost efficiency and product mix.
