MRPL today reported strong Q2 FY27 results

MRPL today reported strong Q2 FY27 results with net profit nearly tripling to ₹1,881 crore, while also facing tragic news as a second worker succumbed to injuries from the September 30 refinery blast. The company declared an interim dividend and secured its first Fitch international credit rating, but safety concerns remain in focus. 📊 Financial Highlights (Q2 FY27) Net Profit: ₹1,881 crore (up from ₹639 crore YoY, nearly 3x growth). Revenue: ₹35,590 crore, a 37% increase from ₹25,953 crore last year. EBITDA: ₹3,210 crore, more than double YoY. Profit Before Tax: ₹2,519 crore vs ₹975 crore last year. Dividend: Interim dividend of ₹3 per share (30% of face value) declared. Credit Rating: First-ever international rating of BBB- (Stable) from Fitch, matching India’s sovereign rating. ⚠️ Safety Incident Update Blast Date: September 30, 2026, at the Coker Hydrotreater Unit in Mangaluru. Casualties: Worker Manish Karkada died on the spot. Worker Rajesh D’Silva succumbed to severe burn injuries on October 17, raising the death toll to two. Compensation: MRPL announced ₹1.20 crore support (₹90 lakh ex-gratia + ₹30 lakh insurance) for D’Silva’s family.