MRPL Reports Strong Q1 FY27 Financial Turnaround Driven by Revenue Surge
A subsidiary of ONGC, Mangalore Refinery and Petrochemicals Limited (MRPL) is a prominent integrated refining and petrochemical enterprise based in Mangaluru, Karnataka. The company operates a large-scale refinery producing a broad range of petroleum and chemical products, including diesel, petrol, aviation turbine fuel, LPG, naphtha, and petrochemical feedstocks. Supported by an extensive distribution network, MRPL efficiently serves both domestic demands and international markets. The company demonstrated exceptional financial performance in Q1 FY27, with revenue surging 120 percent to reach ₹38,254 crore, up from ₹17,356 crore in the same period of the previous year. Operating profit experienced a dramatic 638 percent jump, rising from ₹180 crore to ₹1,318 crore. Driven by this momentum, MRPL achieved a strong bottom-line recovery, turning around a net loss of ₹271 crore into a net profit of ₹946 crore. $MRPL