Outcome of the Board Meeting - Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 for Standalone and Consolidated Audited Financial Results for the Quarter and Year ended Merch 31, 2026.
MRPL · price
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On the reaction day the stock moved 9.7 pts less than Nifty Smallcap 250 and 9.6 pts less than its Refineries & Marketing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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MRPL reported standalone revenue of ₹1,05,368 crore for FY26, up from ₹70,456 crore in FY25, representing approximately 49% revenue growth. Profit After Tax surged dramatically to ₹1,924.58 crore from just ₹58.21 crore in the previous year. The Board did not recommend a final dividend for FY25-26, though an interim dividend of ₹4 per share (₹701.04 crore) was paid in March 2026. The company is transitioning to a lower tax regime from FY27. Statutory auditors issued unmodified opinions on the financial statements. The Board lacks requisite Independent Directors since March 2026, and the Audit Committee functions are being carried out by the Board.
The massive PAT growth of over 3,200% year-on-year is a strong positive signal for shareholders, though the absence of a final dividend recommendation may disappoint income-focused investors. The governance issue regarding Independent Directors could attract regulatory attention.