Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of Oil and Natural Gas Corporation (ONGC), reported a strong year-on-year improvement in its consolidated financial performance for the second quarter of FY27. Net profit increased 203% to ₹1,900.76 crore, compared with ₹627.36 crore in the corresponding quarter last year.
According to the company’s financial results announced on October 14, 2026, total revenue for the quarter stood at ₹32,565.75 crore, up 43.4% from ₹22,709.82 crore a year earlier.
MRPL Q2 FY27 Financial Highlights
- Total revenue: ₹32,565.75 crore, up 43.4% YoY.
- Net profit: ₹1,900.76 crore, up 203% YoY.
- Operating profit: ₹3,278.92 crore, compared with ₹1,488.60 crore in Q2 FY26.
- Earnings per share (EPS): ₹10.85, compared with ₹3.58 a year earlier.
On a sequential basis, consolidated total revenue declined 15% from ₹38,325.08 crore in Q1 FY27, while net profit rose approximately 101% from ₹945.68 crore.
MRPL Announces Interim Dividend
Alongside the quarterly results, MRPL’s board approved an interim dividend of ₹3 per equity share for FY27, equivalent to 30% of the face value of ₹10 per share.
The company fixed October 21, 2026, as the record date to determine shareholder eligibility for the dividend.
What the Results Indicate
MRPL recorded substantial year-on-year growth in revenue and profitability during the quarter. However, the sequential decline in revenue shows why investors should assess quarterly earnings alongside refining margins, crude oil prices, inventory-related effects and other factors influencing refinery performance.
Investors should also distinguish between the company’s reported profit and underlying operating performance when evaluating the sustainability of earnings growth.
Source: MRPL financial results and corporate announcements dated October 14, 2026.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investments in securities are subject to market risks.
Do you have a news tip for Lakshmishree reporters? Please email us at [email protected]
News Desk
