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The latest announcement is out from Mangalore Refinery & Petrochemicals Ltd. ( (IN:MRPL) ).
MRPL’s board has approved the standalone and consolidated unaudited financial results for the third quarter and nine months ended 31 December 2025, reporting a sharp improvement in profitability and balance sheet metrics. For Q3 FY 2025-26, revenue from operations rose to ₹29,720 crore from ₹25,601 crore a year earlier, while profit before tax jumped to ₹2,214 crore from ₹469 crore and profit after tax increased to ₹1,445 crore from ₹304 crore, accompanied by an improvement in the debt-equity ratio to 0.63 from 0.79 at end-September 2025. Over the first nine months of FY 2025-26, MRPL posted revenue of ₹76,661 crore versus ₹81,676 crore in the prior-year period but swung from a loss to a profit, with profit before tax of ₹2,786 crore against a loss of ₹471 crore and profit after tax of ₹1,812 crore versus a loss of ₹313 crore, while total borrowings were cut from ₹12,867 crore to ₹9,290 crore and the debt-equity ratio improved from 0.99 to 0.63. Operationally, refinery throughput reached 4.70 MMT in Q3 and 12.65 MMT for the nine months, the company began using leased cavern storage from ISPRL in Mangalore for crude and commenced processing from this facility, and processed Libya’s Sarir Mesla crude for the first time, underscoring efforts to diversify crude sourcing and enhance infrastructure utilization.
More about Mangalore Refinery & Petrochemicals Ltd.
Mangalore Refinery and Petrochemicals Limited (MRPL) is a Schedule ‘A’ central public sector enterprise and a Mini Ratna Category I company, operating as a subsidiary of Oil and Natural Gas Corporation Limited (ONGC). The company runs a large refinery complex at Mangalore, processing crude oil into petroleum products, and focuses on refining throughput and related petrochemical operations, serving both domestic and export markets.
Average Trading Volume: 545,522
Technical Sentiment Signal: Hold
Current Market Cap: 245.8B INR
For detailed information about MRPL stock, go to TipRanks’ Stock Analysis page.