MRPL Q2 Profit Nearly Triples to ₹1,881 Crore

Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of Oil and Natural Gas Corporation (ONGC), reported a sharp rise in profit for the second quarter of the financial year 2026-27, with net profit increasing to ₹1,881 crore from ₹639 crore in the corresponding quarter of the previous financial year.

The company’s revenue from operations rose to ₹35,590 crore in the July-September quarter, compared with ₹25,953 crore in the same period last year. Profit before tax also increased significantly to ₹2,519 crore from ₹975 crore.

For the first half of FY 2026-27, MRPL reported revenue from operations of ₹77,199 crore, against ₹46,942 crore in the corresponding period of the previous financial year.

The company’s profit before tax for the six months ended September 30, 2026, stood at ₹3,734 crore, compared with ₹572 crore a year earlier. Net profit rose to ₹2,796 crore from ₹367 crore in the corresponding half-year period.

The Board of Directors approved the standalone and consolidated financial results at its 278th meeting held on October 14, 2026. The board also declared a first interim dividend of ₹3 per equity share, equivalent to 30% of the share’s face value. MRPL is a Schedule A, Mini Ratna Category-I public sector company.