Shares of Mangalore Refinery and Petrochemicals Ltd (MRPL) rose nearly 4% today as the management’s upbeat commentary during the post-results concall boosted investor sentiment despite the company reporting disappointing Q1FY26 numbers.
On Monday, MRPL had reported a standalone net loss of ₹271.97 crore for Q1FY26, compared to a net profit of ₹65.57 crore in the year-ago period. Revenue from operations (excluding excise duty) fell 25.3% YoY to ₹17,356.23 crore, while pre-tax loss widened to ₹402.90 crore. The company’s total throughput declined to 3.52 million metric tonnes (MMT) from 4.35 MMT last year, and gross refining margin (GRM) dropped to $3.88 per barrel.
However, during the earnings call, the management struck an optimistic tone, guiding for improved performance in Q2FY26. They projected throughput to exceed 4.3 MMT in the current quarter, with GRMs expected to climb to high single digits. MRPL also announced plans to open around 100 new retail outlets in FY26, taking the total count to 300, which reassured investors about future growth prospects.
At the time of writing, MRPL shares were trading at ₹144.68, up 3.97% on the NSE.
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