Mangalore Refinery and Petrochemicals Limited has informed the Exchange regarding a press release dated April 24, 2026, titled "Press Release of Board Meeting for the Quarter and Year ended March 31, 2026.".
MRPL · price
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MRPL, a subsidiary of ONGC, reported strong financial performance for Q4 FY 2025-26 with revenue of Rs 28,493 crore, up from Rs 27,602 crore in Q4 FY 2024-25. Profit after tax jumped to Rs 1,119 crore from Rs 383 crore year-on-year. For the full year FY 2025-26, MRPL achieved PAT of Rs 1,931 crore versus just Rs 51 crore in the previous year, representing a dramatic 37x increase. The company also reported significantly improved Gross Refining Margin (GRM) of $8.22/barrel for FY 2025-26 compared to $4.45/barrel in FY 2024-25. Operationally, throughput remained stable at 16-17 MMT, with 85 new retail outlets commissioned taking the total to 252, and the Dewangonhi Marketing Terminal is now fully operational.
The sharp improvement in profitability and near-doubling of GRM signals operational efficiency gains and favourable refining conditions. MRPL also received the FIPI Innovator of the Year award, reflecting recognition for technological development. The strong turnaround from Rs 51 crore to Rs 1,931 crore PAT is highly positive for shareholders and indicates robust financial health.