ONGC subsidiary MRPL share price surges 13% on stellar Q1 results; swings to profit from loss

Mangalore Refinery and Petrochemicals (MRPL) shares surged over 13 percent to an intraday high of around ₹178 after the ONGC subsidiary reported a multi-fold jump in Q1 FY27 consolidated net profit to ₹945.68 crore, swinging from a net loss of ₹270.66 crore in the year-ago quarter. Revenue from operations climbed 98.24 percent year-on-year to ₹41,608.96 crore, while EBITDA surged to ₹1,860 crore from ₹179.5 crore, with margin expanding to 3.44 percent. Results included a one-time gain of ₹471.76 crore from revision of certain petroleum product prices on prior-period supplies.