MRPL Q4 Net Profit at ₹119 Cr; Full Year PAT Jumps to ₹1,931 Cr

Mumbai: Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of ONGC and a Schedule "A" Mini Ratna Category I company, declared its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.

The Board of Directors approved the financial results during its 274th Board Meeting held today in Mangalore. The meeting reviewed the company's operational and financial performance for Q4 FY26 and the full financial year 2025-26.

Key Financial Highlights – Q4 FY26 (Standalone)

• Revenue from Operations: ₹28,493 crore (vs ₹27,602 crore in Q4 FY25, up 3.2%)

• Profit Before Tax (PBT): ₹1,235 crore (vs ₹584 crore in Q4 FY25, up 111%)

• Profit After Tax (PAT): ₹119 crore (vs ₹363 crore in Q4 FY25)

• EBIDTA: ₹1,842 crore (vs ₹1,168 crore in Q4 FY25, up 58%)

• Exports: ₹7,252 crore (vs ₹11,378 crore in Q4 FY25)

Full Year FY26 Performance (Standalone)

• Revenue from Operations: ₹1,05,155 crore (vs ₹1,09,280 crore in FY25)

• Profit Before Tax (PBT): ₹4,022 crore (vs ₹113 crore in FY25, up significantly)

• Profit After Tax (PAT): ₹1,931 crore (vs ₹51 crore in FY25)

• EBIDTA: ₹6,449 crore (vs ₹2,469 crore in FY25, up 161%)

• Total Comprehensive Income (TCI): ₹1,833 crore (vs ₹32 crore in FY25)

• Exports: ₹29,880 crore (vs ₹36,466 crore in FY25)

Consolidated Performance (FY26)

• PAT (Attributable to Owners): ₹1,825 crore (vs ₹56 crore in FY25)

• Total Comprehensive Income (Attributable to Owners): ₹1,827 crore (vs ₹36 crore in FY25)

For Q4 FY26, consolidated PAT attributable to owners stood at ₹117 crore (vs ₹371 crore in Q4 FY25).

Physical Performance – Throughput

Key Operational Highlights

• Gross Refining Margin (GRM) for FY26: $9.22 per barrel (vs $4.45 per barrel in FY25) – nearly doubled

• Devangonthi Marketing Terminal now fully operational, enhancing inland market access

• Commissioned 85 new Retail Outlets during the financial year, taking the total to 252 retail outlets

Award and Recognition

MRPL won the FIPI Innovator of the Year (2025) award – Recognised for sustained excellence in refining innovation and indigenous technological development.

The award was presented by Shri Hardeep Singh Puri, Hon'ble Minister for Petroleum and Natural Gas, during India Energy Week.

About MRPL

Mangalore Refinery and Petrochemicals Limited (MRPL) is a subsidiary of Oil and Natural Gas Corporation Limited (ONGC) and a Schedule "A" Mini Ratna Category I CPSE. The company is engaged in the business of refining crude oil and manufacturing various petroleum products and petrochemicals.