MRPL records ₹915-cr profit in Q1
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Mangalore Refinery and Petrochemicals Ltd (MRPL) reported a profit after tax of ₹915 crore for Q1 2026-27, a significant turnaround from a loss of ₹272 crore in the same quarter last year. Revenue from operations nearly doubled to ₹41,609 crore, with EBITDA soaring to ₹1,860 crore. The company also made strides in sustainable aviation fuel certification and expanded its operational capabilities with new pipeline authorizations and lease agreements.
Mangalore Refinery and Petrochemicals Ltd (MRPL) recorded a profit after tax of ₹915 crore during the first quarter of 2026-27, against a loss of ₹272 crore in the corresponding period of the previous fiscal.
The board of Directors of MRPL approved the company’s standalone and consolidated financial results for the first quarter of 2026-27 on Wednesday.
MRPL’s revenue from operations nearly doubled to ₹41,609 crore during Q1 of 2026-27, from ₹20,989 crore in Q1 of 2025-26. The company’s exports increased to ₹5,012 crore (₹4,767 crore) during the quarter.
It processed 4.43 million tonnes (mt) of crude and other feed stock during the first quarter of 2026-27, against 3.52 mt in the corresponding period of 2025-26.
The company’s EBIDTA (earnings before interest, depreciation, tax and amortization) increased to ₹1,860 crore in Q1 2026-27 (₹218 crore in Q1 2025-26).
MRPL’s total comprehensive income was reported at ₹912 crore in the first quarter of 2026-27, against a loss of ₹277 crore in the corresponding period of the previous fiscal.
During the quarter, MRPL received PNGRB authorisation for an ATF pipeline from the Devangonthi Terminal to Kempegowda International Airport in Bengaluru. Product loading commenced at the Aegis Terminal in Mangaluru, Hindupur depot in Andhra Pradesh and the Ennore terminal in Tamil Nadu during the quarter.
The company executed lease agreements for tankages at Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai, and Kakinada and Krishnapatnam in Andhra Pradesh.
A media statement said MRPL has achieved a significant milestone in its Sustainable Aviation Fuel (SAF) journey by successfully obtaining certification under the ISCC CORSIA (International Sustainability and Carbon Certification -- Carbon Offsetting and Reduction Scheme for International Aviation) framework on April 24 for co-processing of used cooking oil.
Original Article
Published on Hindu BusinessLine