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Financial

MRPL Reports 272 Crore Loss in Q1 FY26 as Throughput Declines

MRPL posted a 272 crore net loss in Q1 FY26 driven by reduced throughput and scheduled shutdowns in its Phase 2 complex
MRPL Reports 272 Crore Loss in Q1 FY26 as Throughput Declines
MRPL reports 272 crore quarterly loss due to lower throughput and plant shutdown

Mangalore. Mangalore Refinery and Petrochemicals Limited, a subsidiary of ONGC, released its unaudited financial results for Q1 FY 2025-26, reporting a consolidated net loss of 272 crore. This decline is due to reduced throughput and the scheduled shutdown of major units in the Phase-2 complex.

 

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In April 2025, MRPL processed its highest crude volume for any April month at 1,512 thousand metric tonnes, surpassing the previous record of 1,481 thousand metric tonnes in April 2022. However, overall throughput for the quarter decreased to 3.52 million metric tonnes from 4.35 million metric tonnes year-on-year.

Key Financial Highlights:

Revenue from operations: 20988 crore (down from 27289 crore in Q1 FY24)  

Gross Refining Margin: 3.88 per barrel (versus 4.70 last year)  

EBITDA: 218 crore  

Profit before tax: Minus 403 crore  

Profit after tax: Minus 272 crore  

The Board approved these results during MRPL’s meeting on July 18, 2025.

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