Mangalore Refinery and Petrochemicals Ltd (MRPL) has reported a profit after tax of ₹915 crore for the first quarter of fiscal 2026-27, marking a significant recovery for the state-owned refiner.
The result follows a period of margin compression across the Indian refining sector, with MRPL’s bottom line expanding sharply on the back of improved operational efficiency and favorable crude differentials.
Revenue for the period reached ₹41,609 crore, nearly doubling compared to the same quarter in the previous fiscal year.
The surge in top-line growth was primarily fueled by increased export volumes, as the company capitalized on stronger global demand for refined petroleum products.
Management highlighted that the higher throughput at the Mangaluru facility played a critical role in leveraging fixed costs and boosting overall profitability.
The strong quarterly performance underscores the resilience of India’s refining sector amid volatile crude oil prices.