Mangalore Refinery and Petrochemicals Limited has informed the Exchange regarding a press release dated July 18, 2025, titled "Approval of Un-Audited Financial Results for the quarter ended June 30, 2025".
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Awaiting price reaction for this filing.
MRPL's Board has approved its Q1 FY26 standalone and consolidated financial results. Revenue from operations fell to ₹20,988 Crore from ₹27,289 Crore in the same quarter last year, a drop of about 23%. The company swung to a loss with a Profit After Tax of negative ₹272 Crore, compared to a profit of ₹66 Crore in Q1 FY25. Loss Before Tax stood at ₹403 Crore versus a profit of ₹101 Crore earlier. Gross Refining Margin (GRM) declined to US$3.88 per barrel from US$4.70 per barrel, and crude throughput dropped to 3.52 MMT from 4.35 MMT. On the operational side, MRPL recorded its highest-ever April crude processing at 1,512 TMT, while the lower throughput was partly attributed to the completion of a planned shutdown of major units in its Phase-2 complex.
The sharp swing into loss, weaker GRM, and lower throughput are negative signals for near-term sentiment. However, the shutdown is completed and the April processing record suggests capacity is intact, so the market may look at whether operations normalize in subsequent quarters.