Mangalore Refinery Posts Q1 Profit of 915 Crore

Mangalore Refinery and Petrochemicals Limited reported a significant financial turnaround for the first quarter of fiscal year 2026-27, ending June 30, 2026. The company posted a net profit of 915 crore, recovering from a loss of 272 crore during the same period last year. Consolidated revenue from operations rose to 41,609 crore, representing a 46% increase over the previous year's 20,989 crore.

Operational growth was supported by a refinery throughput of 4.43 million metric tonnes. MRPL expanded its logistics and distribution network through new product loading operations and storage lease agreements with the Jawaharlal Nehru Port Authority in Navi Mumbai, as well as additional agreements in Andhra Pradesh and Tamil Nadu.

The company also secured authorization from the Petroleum and Natural Gas Regulatory Board for an aviation turbine fuel pipeline connecting the Devangonthi Terminal to Kempegowda International Airport. Additionally, it obtained ISCC CORSIA certification for co-processing used cooking oil. Following the financial announcements on July 15 and 16, MRPL shares surged between 11% and 13%.