MRPL Q3 Results: Net Profit Soars Over 4-Fold to ₹1,445 Crore

Mumbai: Mangalore Refinery and Petrochemicals Limited (MRPL) on Wednesday reported a sharp surge in profit for the third quarter of FY26, with net profit rising over four-fold to ₹1,445.16 crore, compared with ₹304.19 crore in the same period last year.

The strong performance was driven by higher refining margins and improved operational efficiency, according to the company’s filing with stock exchanges.

Revenue from operations during the October–December quarter stood at ₹29,720.13 crore, while profit before tax rose to ₹2,214.28 crore.
The company’s operating margin improved to 9.67% and net profit margin reached 5.84%.

For the nine months ended December 31, 2025, MRPL posted a profit of ₹1,811.86 crore, reversing a loss of ₹312.56 crore in the corresponding period last year.

On a consolidated basis, the refinery reported Q3 net profit of ₹1,450.89 crore, with nine-month profit of ₹1,807.59 crore.

The board approved the results at its meeting held earlier in the day. The company said that current geopolitical developments have not had any material impact on its operations, assets or recovery of receivables.

MRPL’s total borrowings stood at ₹9,289.61 crore, while net worth increased to ₹14,732.50 crore. The debt-to-equity ratio remained comfortable at 0.63, reflecting a stable financial position.

Shares of MRPL reacted positively to the earnings announcement in afternoon trade.