Mangalore Refinery Reports Q3 FY26 Revenue of ₹29,720 Crore
Filing Summary
Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of Oil and Natural Gas Corporation Limited, announced its financial results for the third quarter and nine months ending December 31, 2025. The company reported a revenue of ₹29,720 crore for Q3 FY26, compared to ₹25,601 crore in Q3 FY25. Profit before tax stood at ₹2,214 crore, while profit after tax was ₹1,445 crore. For the nine months, revenue was ₹76,661 crore, with a profit before tax of ₹2,786 crore. The debt-equity ratio improved to 0.63 as of December 31, 2025.
The Board of Directors of Mangalore Refinery and Petrochemicals Limited (MRPL) approved the unaudited financial results for the third quarter and nine months ending December 31, 2025. The meeting, held on January 14, 2026, detailed the company’s financial performance, highlighting key metrics for both standalone and consolidated results.
For the third quarter of FY 2025-26, MRPL reported a revenue from operations of ₹29,720 crore, an increase from ₹25,601 crore in the same period of the previous fiscal year. The profit before tax for Q3 FY26 was ₹2,214 crore, compared to ₹469 crore in Q3 FY25. The profit after tax was ₹1,445 crore, up from ₹304 crore in the previous year. For the nine months ending December 31, 2025, the company recorded a revenue of ₹76,661 crore, down from ₹81,676 crore in the previous year. The profit before tax for this period was ₹2,786 crore, contrasting with a loss before tax of ₹471 crore in the previous year. The profit after tax was ₹1,812 crore, compared to a loss after tax of ₹313 crore in the prior year.
Operationally, MRPL reported a throughput of 4.70 million metric tonnes (MMT) for Q3 FY26, slightly higher than the 4.60 MMT in Q3 FY25. The company commenced storing crude in the Cavern Storage facility leased from M/s.ISPRL, Mangalore, and began processing Sarir Mesla Crude from Libya for the first time. The total borrowing reduced from ₹12,867 crore to ₹9,290 crore over the nine-month period, contributing to an improved debt-equity ratio of 0.63 as of December 31, 2025, from 0.79 as of September 30, 2025.
In terms of market context, MRPL continues to focus on enhancing its operational efficiency and financial stability. The company’s efforts in digital transformation and innovation have been recognized with several awards, including the Export Excellence Awards by the Federation of Indian Export Organisations and the Innovation Award for Best Innovation in Research & Development in Refining Technology.
The timeline for these financial results covers the third quarter and nine months ending December 31, 2025. The Board meeting to approve these results was held on January 14, 2026. The company continues to operate as a subsidiary of Oil and Natural Gas Corporation Limited, maintaining its status as a Schedule “A” Mini Ratna Category I Company.
Mangalore Refinery and Petrochemicals Limited is a key player in the refining and petrochemical industry, focusing on operational excellence and strategic growth. As a subsidiary of Oil and Natural Gas Corporation Limited, MRPL aims to enhance its market position through innovation and efficient resource management.