Mangalore Refinery And Petrochemicals' Q3 FY 2025-26 Quarterly Results

Result Summary

• Mangalore Refinery And Petrochemicals Ltd reported a 9.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 13.0%.
• Its expenses for the quarter were up by 3.6% QoQ and 5.1% YoY.
• The net profit increased 131.3% QoQ and increased 369.1% YoY.
• The earnings per share (EPS) of Mangalore Refinery And Petrochemicals Ltd stood at 8.28 during Q3 FY 2025-26.

Financial Statments for Q3 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Mangalore Refinery And Petrochemicals Ltd (MRPL) is a prominent entity in the Indian petroleum industry, primarily engaged in the refining of crude oil and production of various petroleum products. The company operates in the energy sector, focusing on the downstream activities of oil refining and petrochemicals. MRPL is a subsidiary of Oil and Natural Gas Corporation Ltd (ONGC), one of India's largest public sector enterprises. The refinery is situated in Mangalore, Karnataka, and is known for its advanced technology and capacity to process a wide variety of crude oil grades. Recent developments in the company include efforts to enhance production capacity and improve operational efficiencies, although specific details on recent projects or initiatives were not provided in this data.

Revenue

During the third quarter of fiscal year 2026 (Q3FY26), Mangalore Refinery And Petrochemicals Ltd reported a total income of ₹24,750.99 crores. This represents a quarter-over-quarter (QoQ) increase of 9.0% from the ₹22,709.82 crores reported in the second quarter of fiscal year 2026 (Q2FY26). Year-over-year (YoY), the total income rose by 13.0% from ₹21,904.18 crores in the third quarter of fiscal year 2025 (Q3FY25). This growth in revenue can be attributed to the company's ability to scale its operations and possibly enhanced market conditions or product demand during this period.

Profitability

The profitability of Mangalore Refinery And Petrochemicals Ltd has seen significant improvements in Q3FY26. The company recorded a profit before tax (PBT) of ₹2,214.28 crores, which is a substantial increase of 130.7% QoQ from ₹959.66 crores in Q2FY26, and a remarkable YoY increase of 371.8% from ₹469.35 crores in Q3FY25. The profit after tax (PAT) for Q3FY26 was ₹1,450.89 crores, reflecting a 131.3% QoQ rise from ₹627.36 crores in Q2FY26 and a 369.1% YoY increase from ₹309.30 crores in Q3FY25. The effective tax rate during Q3FY26 stood at approximately 34.73%, up from previous quarters, indicating a higher tax burden aligning with increased profitability. Earnings per share (EPS) also saw a significant rise to ₹8.28 in Q3FY26, up from ₹3.58 in Q2FY26 and ₹1.76 in Q3FY25.

Operating Metrics

Mangalore Refinery And Petrochemicals Ltd's operating expenses in Q3FY26 were ₹22,536.71 crores, which marks a 3.6% increase QoQ from ₹21,750.16 crores in Q2FY26 and a 5.1% rise YoY from ₹21,434.83 crores in Q3FY25. The increase in total expenses suggests an expansion in operations or higher input costs. Despite the rise in expenses, the company's revenue growth outpaced the increase in costs, contributing to improved profitability. Key financial ratios such as the P/E ratio and others have not been provided in the data, but the significant increase in profits and EPS indicates a strong operational performance for the quarter. The trends in revenue and expenses highlight the company's capability to manage its operating costs while scaling its revenue.