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MRPL Q2 Net Profit Triples to ₹1,881 Crore, Revenue Jumps 37%
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CNBC TV18•14-10-2026, 21:25
MRPL Q2 Net Profit Triples to ₹1,881 Crore, Revenue Jumps 37%
- •Mangalore Refinery and Petrochemicals Ltd reported a nearly threefold increase in standalone net profit to ₹1,881 crore for the second quarter.
- •Revenue from operations rose 37.1% year-on-year to ₹35,590 crore compared to ₹25,953 crore in the corresponding period last year.
- •The board declared a first interim dividend of ₹3 per equity share, which is 30% of the face value.
- •MRPL secured its first-ever international credit rating, receiving a BBB- rating with a stable outlook from Fitch Ratings.
- •The company incorporated ONGC Petrochemicals Marketing Limited as a joint venture, holding a 25% stake.
Key Questions Answered
For the second quarter of FY27, MRPL reported a standalone net profit of ₹1,881 crore, which is a nearly threefold year-on-year increase compared to ₹639 crore in the year-ago period. Revenue from operations rose by 37.1% to reach ₹35,590 crore.
MRPL's board declared a first interim dividend of ₹3 per equity share, which is equivalent to 30% of the share's face value.
ONGC Petrochemicals Marketing Limited (OPML) was incorporated on October 7, 2026, alongside ONGC and ONGC Petro additions Ltd. MRPL holds a 25% stake in this joint venture, while ONGC owns 50% and OPaL holds the remaining 25%.
