Mangalore Refinery And Petrochemicals' Q2 FY 2025-26 Quarterly Results

Result Summary

• Mangalore Refinery And Petrochemicals Ltd reported a 30.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 9.2%.
• Its expenses for the quarter were up by 22.2% QoQ and down 16.6% YoY.
• The net profit decreased 331.8% QoQ and decreased 190.0% YoY.
• The earnings per share (EPS) of Mangalore Refinery And Petrochemicals Ltd stood at 3.58 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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 subsidiary of Oil and Natural Gas Corporation (ONGC), primarily engaged in the refining of crude oil and the production of petroleum products. Based in India, MRPL's product portfolio includes a variety of refined petroleum products such as diesel, petrol, LPG, jet fuel, and other petrochemicals. The company operates in the energy sector and plays a significant role in the oil and gas industry, contributing to the refining capacity of the country. As of the latest updates, there are no specific major developments publicly available regarding MRPL's strategic initiatives or expansions.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Mangalore Refinery And Petrochemicals Ltd reported a total income of ₹22,709.82 crores. This represents a quarter-over-quarter (QoQ) increase of 30.6% from ₹17,394.26 crores in Q1FY26. However, on a year-over-year (YoY) basis, the total income decreased by 9.2% compared to ₹25,005.27 crores in Q2FY25. These figures indicate the company's revenue dynamics over the past year, highlighting the changes in the income generated from its operations.

Profitability

The profitability metrics for MRPL in Q2FY26 show a significant improvement compared to previous periods. The company reported a profit before tax of ₹959.66 crores, recovering from a loss position of ₹402.90 crores in Q1FY26 and ₹1,063.60 crores in Q2FY25. Accordingly, the QoQ change in profit before tax is a substantial increase of 338.2%, and the YoY change is 190.2%. Profit after tax also improved, reaching ₹627.36 crores in Q2FY26 compared to a loss of ₹270.66 crores in Q1FY26 and ₹696.94 crores in Q2FY25, reflecting increases of 331.8% QoQ and 190.0% YoY. The earnings per share (EPS) followed a similar trajectory, rising to ₹3.58 from negative figures in previous periods.

Operating Metrics

The operating expenses for MRPL in Q2FY26 were ₹21,750.16 crores, which shows a 22.2% increase from ₹17,797.16 crores in Q1FY26. Compared to Q2FY25, the total expenses decreased by 16.6% from ₹26,068.87 crores. This data reflects the company's cost management relative to its revenue performance. The tax expense for the quarter was ₹335.99 crores, which contrasts with negative tax figures in the preceding periods, indicating a reversal in tax obligations corresponding with the return to profitability. The financial metrics provided do not include enough information to calculate specific financial ratios like P/E, debt-to-equity, or current ratios.