MRPL Q3 Profit Surges, Refinery Blast Hits

MRPL has reported strong Q3 FY26 results with profits surging over 130% YoY, but the company also faced a serious incident in late September when an explosion at its Mangaluru refinery injured eight workers. 📊 MRPL Q3 FY26 Financial Highlights Revenue from operations (Q3 FY26): ₹29,720 crore (up from ₹25,601 crore in Q3 FY25). Profit before tax (PBT): ₹2,214 crore vs. ₹469 crore last year. Profit after tax (PAT): ₹1,445 crore vs. ₹304 crore last year. Operating profit: ₹2,393.9 crore (114% growth QoQ). Net income: ₹1,450.9 crore (131% growth QoQ). Debt-equity ratio improved from 0.79 (Sep 2025) to 0.63 (Dec 2025). Nine-month FY26 results: Revenue ₹76,661 crore (slightly lower than ₹81,676 crore last year), but PAT turned positive at ₹1,812 crore compared to a loss of ₹313 crore in FY25. Borrowings reduced from ₹12,867 crore to ₹9,290 crore. 🏆 Awards & Achievements Export Excellence Awards by FIEO under “Five Star Export House” and “Highest Foreign Exchange Earner.” Digital Transformation Recognition for PR-to-PO process at India Supply Chain Summit 2025. Innovation Award for R&D in refining technology (fourth consecutive year). Environment Improvement Award at Exceed Environment, CSR & HR Awards. ⚠️ Safety Incident – September 30, 2026 Explosion at MRPL’s Coker Hydro Treating Unit (CHTU) in Mangaluru. Eight injured, including two employees with burns (one with 35% burns, admitted to ICU). Fire was brought under control by MRPL’s emergency response team. Investigation ongoing; MRPL assured no major injuries and emphasized safety protocols. 📈 Stock Market Impact BSE price: ₹181.10 (down 11.55%). NSE price: ₹176.03 (down 8.49%). 52-week range: ₹136.10 – ₹214.95. Trend: Currently in a bearish phase despite strong earnings, likely influenced by safety concerns and broader oil market volatility.