Mangalore Refinery and Petrochemicals Ltd (MRPL) shares rallied more than 6% after the company reported a strong turnaround in its September quarter (Q2 FY26) results. As of 9:24 AM, the shares were trading 7.67% higher at Rs 153.00.
The oil refiner posted a consolidated profit of ₹627 crore for the quarter, compared to a loss of ₹271 crore in the previous quarter, according to its stock exchange filing on Wednesday.
Revenue from operations jumped 30.5% sequentially to ₹22,649 crore, reflecting improved refining margins and operational efficiency. Operating income (EBITDA) rose sharply to ₹1,489 crore, with an EBITDA margin of 6.6%.
For the first half of FY26, MRPL reported revenue of ₹46,941 crore, down from ₹56,075 crore in the same period last year. However, the company turned profitable with a net profit of ₹367 crore, compared to a loss in the first half of the previous fiscal.
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