Mangalore Refinery And Petrochemicals Ltd's Q1FY26 Quarterly Results

Result Summary

• Mangalore Refinery And Petrochemicals Ltd reported a 31.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1FY26). On a year-on-year (YoY) basis, it witnessed a decline of 25.3%.
• Its expenses for the quarter were down by 24.6% QoQ and 23.3% YoY.
• The net profit decreased 123.8% QoQ and decreased 469.7% YoY.
• The earnings per share (EPS) of Mangalore Refinery And Petrochemicals Ltd declined at 1.5 during Q1FY26.

Financial Statments for Q1FY26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Mangalore Refinery And Petrochemicals Ltd (MRPL) is a prominent player in the petroleum refining sector in India. The company is primarily engaged in the refining of crude oil and production of petroleum products. As part of the Oil & Gas industry, MRPL plays a crucial role in catering to the energy needs of the region. The company’s main products include various grades of fuels, lubricants, and petrochemicals. MRPL's refinery, located in Mangalore, Karnataka, is one of the most sophisticated in the country, equipped with advanced technology to produce high-quality fuels. Recent developments in the company or industry have not been specified in the provided data.

Revenue

In Q1FY26, Mangalore Refinery And Petrochemicals Ltd reported a total income of ₹17,394.26 crores. This reflects a significant decrease from the previous quarter (Q4FY25), which had a total income of ₹25,367.94 crores, marking a quarter-over-quarter (QoQ) decline of 31.4%. Compared to the same period last year (Q1FY25), the total income also saw a year-over-year (YoY) decrease of 25.3% from ₹23,291.75 crores. Such fluctuations in revenue are critical to understanding the company's operational dynamics during this period.

Profitability

The profitability metrics for MRPL in Q1FY26 indicate challenging circumstances, with the company reporting a loss before tax of ₹402.90 crores. This marks a significant decline from the profit before tax of ₹1,765.92 crores in Q4FY25 and ₹100.63 crores in Q1FY25, with QoQ and YoY changes of -122.8% and -500.4%, respectively. The tax component also saw a negative figure of ₹130.93 crores, diverging substantially from the tax amounts in previous periods. Consequently, the profit after tax was recorded at a loss of ₹270.66 crores, compared to a profit of ₹1,138.50 crores in Q4FY25 and ₹73.22 crores in Q1FY25, reflecting a QoQ change of -123.8% and YoY change of -469.7%.

Operating Metrics

The earnings per share (EPS) for MRPL in Q1FY26 was reported at a negative value of ₹-1.50. This represents a stark contrast to the positive EPS of ₹6.50 in Q4FY25 and ₹0.40 in Q1FY25. The EPS saw a QoQ decline of 123.1% and a YoY decline of 475.0%. These figures are indicative of the company's performance in terms of shareholder returns during this quarter. The total expenses for the quarter were ₹17,797.16 crores, which decreased from ₹23,593.73 crores in Q4FY25 and ₹23,191.12 crores in Q1FY25, showing a QoQ decline of 24.6% and a YoY decline of 23.3%. These changes in operating expenses provide insight into the company's cost management strategies during the period.