Mangalore Refinery and Petrochemicals Limited (MRPL) has announced its financial results for the quarter and year ended March 31, 2026. The company reported a significant surge in profitability for the fiscal year, with Profit after Tax reaching ₹1,931 crore compared to ₹51 crore in the previous year. Operational performance also saw notable improvements, supported by the commissioning of new retail outlets and the successful operationalization of the Devangonthi Marketing Terminal.
Annual Financial Highlights
For the financial year 2025-26, MRPL achieved a revenue from operations of ₹1,05,155 crore. The company demonstrated a robust recovery in profitability, with Profit Before Tax soaring to ₹4,022 crore from ₹113 crore in FY 2024-25. Net profit for the year stood at ₹1,931 crore, reflecting a substantial improvement in operational efficiency and market performance.
Quarterly Performance Review
In the fourth quarter (Q4 FY 2025-26), the company reported revenue from operations of ₹28,493 crore, compared to ₹27,602 crore in the same period last year. Profit after tax for the quarter was reported at ₹119 crore. The Gross Refining Margin (GRM) for the full fiscal year improved significantly to $9.22 per barrel, up from $4.45 per barrel in the previous fiscal year.
Operational Milestones
MRPL has made significant strides in expanding its physical infrastructure and market reach. Key developments include:
- Devangonthi Marketing Terminal: Now fully operational, which is expected to enhance inland market access.
- Retail Expansion: The company commissioned 85 new retail outlets during the financial year, bringing the total retail network to 252 outlets.
- Industry Recognition: MRPL was honored with the FIPI Innovator of the Year (2025) award, recognizing its sustained excellence in refining innovation and indigenous technological development.
Source: BSE
