MRPL Q1 FY27 Results: Net profit soars to ₹945.68 crore from ₹116.99 crore, revenue jumps 98.24% YoY to ₹41,609 crore; EBITDA rises 8x YoY on refining margin gains

Mangalore Refinery and Petrochemicals Limited (MRPL), an ONGC subsidiary and Miniratna CPSE, reported its Q1 FY27 results on July 15, 2026 with a multi-fold jump in consolidated net profit to ₹945.68 crore for the April-June quarter (Q1 FY27), swinging back from a net loss of ₹270.66 crore in the same quarter last year. Sequentially, profit surged more than eight-fold from ₹116.99 crore in the March quarter (Q4 FY26). The quarter's earnings included a one-time gain of ₹471.76 crore tied to a revision in certain petroleum product prices on supplies made in an earlier period, the company said in its regulatory filing.

Revenue from operations, including exports, rose 46.03% QoQ to ₹41,608.96 crore in Q1 FY27 from ₹28,493.04 crore in Q4 FY26, and climbed 98.24% YoY from ₹20,988.53 crore in Q1 FY26. Export revenue fell 30.9% QoQ to ₹5,012 crore from ₹7,252 crore, though it was up 5.1% YoY from ₹4,767 crore in the year-ago quarter.

Refinery throughput, including crude and other feedstock, rose 25.85% YoY and 1.8% QoQ to 4.43 million metric tonnes (MMT) in the June quarter, against 3.52 MMT in Q1 FY26 and 4.35 MMT in Q4 FY26.

EBITDA stood at ₹1,860 crore for the quarter, up marginally from ₹1,842 crore in Q4 FY26 and nearly eight times higher than ₹218 crore in Q1 FY26, working out to an EBITDA margin of roughly 4.5% [derived from reported figures, not stated directly in source].

MRPL Q1 FY27 Results: Operational Highlights

During the quarter, MRPL received PNGRB authorisation for an aviation turbine fuel (ATF) pipeline connecting its Devangonthi Terminal to Kempegowda International Airport in Bengaluru. The company also began product loading operations at the Aegis Terminal in Mangaluru, the Hindupur depot in Andhra Pradesh, and the Ennore terminal in Tamil Nadu. It further signed lease agreements for storage tankage at key locations including Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai, and at Kakinada and Krishnapatnam in Andhra Pradesh.

MRPL Share Price

MRPL shares surged as much as 13.3% intraday to a high of ₹178.40 on the National Stock Exchange on Thursday, July 16, after the Q1 FY27 results. At around 11:10 AM, the stock traded at ₹173.89, up 10.43% [one source instead cites an 11.3% rise to ₹175.30 - flagged above]. The results were announced after market hours on July 15. The stock has gained 16% over the past week and 13% on a year-to-date basis [monthly move flagged as contradictory above]. Shares hit a 52-week high of ₹212.31 on March 6, 2026, and a 52-week low of ₹120.40 on August 7, 2025. MRPL's market capitalisation stood at ₹30,426.87 crore as of July 16, 2026.

Foreign institutional investors trimmed their stake in MRPL to 2.17% in the June 2026 quarter from 3.41% in the preceding quarter, while mutual funds raised holdings marginally to 0.31% from 0.28%. Promoter shareholding was unchanged at 88.58%.

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