Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of Oil and Natural Gas Corporation Limited, has announced its financial results for the fourth quarter and the fiscal year ending 31 March 2026. The company reported significant growth in both quarterly and annual financial performance.
For the fourth quarter of FY 2025-26, MRPL’s revenue from operations stood at ₹28,493 crore, compared to ₹27,602 crore in the same quarter of the previous fiscal year. The profit before tax for the quarter was ₹1,235 crore, a substantial increase from the ₹584 crore reported in the fourth quarter of FY 2024-25. However, the profit after tax for the quarter declined to ₹119 crore from ₹383 crore in the previous year.
On an annual basis, MRPL’s revenue from operations for FY 2025-26 was ₹1,05,155 crore, up from ₹1,09,280 crore in FY 2024-25. The profit before tax for the fiscal year was ₹4,022 crore, a significant rise from ₹113 crore in the previous fiscal year. The profit after tax for FY 2025-26 reached ₹1,931 crore, compared to ₹51 crore in FY 2024-25.
In terms of physical performance, MRPL reported a throughput of 17.00 million metric tonnes (MMT) for the fiscal year, showing a slight increase from the previous year’s 16.18 MMT. The company also highlighted the full operational status of the Devangonthi Marketing Terminal, which enhances its inland market capabilities. Additionally, MRPL commissioned 85 new retail outlets in the fiscal year, bringing the total to 252.
MRPL’s gross refining margin (GRM) for FY 2025-26 was $8.22 per barrel, compared to $4.45 per barrel in the previous fiscal year.
Furthermore, MRPL was honoured as the FIPI Innovator of the Year (2025) for its sustained excellence in refining innovation and indigenous technological development. The award was presented by Shri Hardeep Singh Puri, Hon’ble Minister for Petroleum and Natural Gas, during the India Energy Week.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).