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EquityWireEarnings Review: MRPL (Mangalore Refinery and Petrochemicals) Limited's Q1 revenue doubles; one-time gain boosts profit
Earnings Review

MRPL (Mangalore Refinery and Petrochemicals) Limited's Q1 revenue doubles; one-time gain boosts profit

This story was originally published at 20:45 IST on 15 July 2026
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Informist, Wednesday, Jul. 15, 2026

 

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--MRPL Q1 one-time income due to revision of some petroleum pdt prices 
--MRPL Apr-Jun profit excluding exceptional items INR 4.43 bln 
--MRPL Apr-Jun net profit includes one-time income INR 4.72 bln 
--MRPL Apr-Jun revenue INR 416.09 bln vs INR 209.89 bln year ago 
--MRPL Apr-Jun net profit INR 9.15 bln vs loss INR 2.72 bln year ago 

--MRPL Apr-Jun EBITDA INR 18.60 bln vs INR 2.18 bln year ago

--MRPL Apr-Jun throughput 4.43 mln tn vs 3.52 mln tn year ago

 

By Ayush Jaiswal

 

MUMBAI – Mangalore Refinery and Petrochemicals Ltd.'s revenue from operations almost doubled in the June quarter, beating estimates by a wide margin. The net profit of the company also grew sharply for the quarter on the back of one-time exceptional income.

 

The refiner posted a net profit of INR 9.15 billion for the reporting quarter, a turnaround from a loss of INR 2.72 billion reported in the year-ago quarter. The net profit was boosted by a one-time income of INR 4.72 billion, which was on account of a revision of prices of some petroleum products. Excluding the one-time item, the company's net profit was INR 4.43 billion.

 

The company's revenue from operations for the quarter was INR 416.09 billion, almost double from the INR 209.89 billion reported in the year-ago quarter. The company's total expenses were INR 409.37 billion, almost double the INR 214.30 billion in the year-ago quarter. The company's throughput increased to 4.43 million tonnes for the June quarter, up 26% from 3.52 million tonnes in the year-ago quarter. The earnings before interest, tax, depreciation, and amortisation were INR 18.60 billion, up from INR 2.18 billion in the year ago quarter. 

 

The company's cost of materials consumed was INR 352.42 billion, more than double from INR 151.75 billion in the year-ago quarter. The excise duty paid by the company fell 7.6% to INR 33.55 billion from INR 36.32 billion in the year-ago quarter and this boosted the net profit. The company's other expenses rose over 70% to INR 10.58 billion for the June quarter from INR 6.19 billion in the year-ago quarter.

 

The company's total borrowings fell to INR 115.63 billion in the June quarter from INR 136.09 billion in the year-ago quarter. The company's operating margin improved to 2.41% from (-)1.06% in the year-ago quarter. The net profit margin also improved to 2.41% from (-)1.57% in the year-ago quarter.  End

 

Edited by Pankaj Aher

 

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