MRPL Q1 FY27 results: PSU swings to profit of Rs 945.6 cr vs YoY loss of Rs 270.6 cr; revenue zooms 98.2%

Q1 FY27 results: State-owned Mangalore Refinery and Petrochemicals Ltd (MRPL) swung back into the black, posting a net profit of Rs 945.6 crore in the quarter ended June 30 against a net loss of Rs 270.6 crore in the corresponding quarter of the previous financial year. The massive sequential surge in profitability was primarily driven by a one-time exceptional gain of Rs 472 crore during the April-June quarter. The miniratna PSU reported a 98.2 per cent year-on-year jump in its revenue from operations which stood at Rs 41,609 crore in the reporting quarter versus Rs 20,988 crore posted in the year-ago period.