The Board of Directors of Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of Oil and Natural Gas Corporation Limited (ONGC) and a Schedule “A” Mini Ratna Category-I Company, approved the company’s Standalone and Consolidated Financial Results for the second quarter (Q2) and half-year (H1) ended September 30, 2025, during its 271st Board Meeting held on October 15.

Financial Performance Overview

In a strong turnaround from the previous year, MRPL reported a profit after tax (PAT) of ₹639 crore for Q2 FY 2025–26, compared to a loss of ₹682 crore in the same quarter last year.

  • Revenue from operations: ₹25,953 crore (Q2 FY25: ₹28,786 crore)
  • Profit before tax (PBT): ₹975 crore (Q2 FY25: Loss of ₹1,041 crore)
  • Profit after tax (PAT): ₹639 crore (Q2 FY25: Loss of ₹682 crore)

For the first half of FY 2025–26 (H1 FY26), the company achieved:

  • Revenue from operations: ₹46,941 crore (H1 FY25: ₹56,075 crore)
  • PBT: ₹572 crore (H1 FY25: Loss of ₹940 crore)
  • PAT: ₹367 crore (H1 FY25: Loss of ₹617 crore)

This reflects MRPL’s successful operational recovery and disciplined management amidst fluctuating crude prices and refining margins.

Operational Highlights

  • MRPL processed a new crude from Kuwait Neutral Zone (API = 31.00) for the first time in September 2025, expanding its crude processing portfolio.
  • The Devangonthi Terminal achieved its highest-ever monthly dispatch of 65.40 TKL during September 2025, surpassing the previous record of 57.90 TKL in May 2025.
  • The company’s throughput stood at 4.43 MMT for Q2 FY26 and 7.95 MMT for H1 FY26, compared to 4.58 MMT and 8.93 MMT respectively in the previous year.

Awards and Recognition

MRPL’s commitment to sustainability and excellence has earned it multiple prestigious recognitions in 2025, including:

  • Winner Award in the Excellence in WASH (Water, Sustainability & Hygiene) category at the FKCCI India CSR & Sustainability Awards 2025.
  • Environment Protection Category Award at the 24th Global Greentech Environment & Sustainability Summit 2025.
  • Mahatma HR Excellence Award from the Mahatma Foundation.
  • Karnataka Best Employer Brand Award 2025, endorsed by CHRO Asia.
  • Eleven PRCI Excellence Awards, including three Gold Awards, at the 15th Public Relations Council of India (PRCI) Excellence Awards 2025.

These honours underscore MRPL’s consistent focus on environmental responsibility, human resource excellence, and corporate communication leadership.

About MRPL

Mangalore Refinery and Petrochemicals Limited (MRPL) is a Schedule “A” Central Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, Government of India. A subsidiary of ONGC, MRPL operates a state-of-the-art refinery in Mangaluru, Karnataka, with a capacity of 15 million metric tonnes per annum (MMTPA).

The company continues to diversify its product range, integrate sustainability initiatives, and enhance its contribution to India’s energy security.