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Mangalore Refinery and Petrochemicals Limited Q2 FY26 earnings call summary

NSE: MRPL · BSE: 500109

Earnings call of 16 Oct 2025, summarised by AI from the filing.

MRPL Q2 FY26 revenue ₹25,953 cr, EBITDA ₹1,565 cr, PAT ₹639 cr; Q3 crude processing guided above 4.43 MMT.

Key takeaways

  1. Q2 results Revenue ₹25,953 cr, EBITDA ₹1,565 cr, PAT ₹639 cr, a substantial jump over Q2 last year and Q1 FY26.
  2. Driver Higher throughput and improved product cracks boosted Q2 profitability.
  3. Risk Uncertainty over Russian crude sourcing due to US pressure; discount varies.

Original filing on BSE

Mangalore Refinery and Petrochemicals Limited Q1 FY27 results

As filed: Revenue ₹41,609 cr (+98% year on year), EBITDA ₹1,318 cr (+300% year on year), PAT ₹946 cr, EBITDA margin 3.2% (+231 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹28,493 cr (+3% year on year), EBITDA ₹1,783 cr (+58% year on year), PAT ₹117 cr (−68% year on year), EBITDA margin 6.3% (+217 bps). Score 51 of 100, In line with trend. Revenue growth was in line with the company's own trend; EBITDA growth was above it; profit growth was below it. EBITDA margin rose 217 bps year on year. Tax rate 90%. Revenue fell 4% from last quarter. Share price after the results: −20.1% in 28 days (Nifty 500: +0.4%).
  • Q3 FY26: Revenue ₹29,720 cr (+16% year on year), EBITDA ₹2,785 cr (+170% year on year), PAT ₹1,451 cr (+300% year on year), EBITDA margin 9.4% (+534 bps). Score 81 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 534 bps year on year. Share price after the results: +38.7% in 30 days (Nifty 500: −0.7%).
  • Q2 FY26: Revenue ₹25,953 cr (−10% year on year), EBITDA ₹1,489 cr, PAT ₹627 cr, EBITDA margin 5.7% (+738 bps). Score 52 of 100, In line with trend. Revenue growth was below the company's own trend. EBITDA margin rose 738 bps year on year. Share price after the results: +20.9% in 30 days (Nifty 500: +2.0%).
  • Q1 FY26: Revenue ₹20,988 cr (−23% year on year), EBITDA ₹179 cr (−70% year on year), PAT −₹271 cr (−300% year on year), EBITDA margin 0.9% (−136 bps). Score 20 of 100, Below trend. Revenue and profit growth were well below the company's own trend; EBITDA growth was below it. EBITDA margin fell 136 bps year on year. Revenue fell 24% from last quarter. Share price after the results: −17.2% in 27 days (Nifty 500: −2.6%).
  • Q4 FY25: Revenue ₹27,601 cr (−5% year on year), EBITDA ₹1,129 cr (−52% year on year), PAT ₹371 cr (−67% year on year), EBITDA margin 4.1% (−389 bps). Score 32 of 100, Below trend. Revenue and EBITDA growth were below the company's own trend; profit growth was well below it. EBITDA margin fell 389 bps year on year. Tax rate 38%. Share price after the results: +3.6% in 30 days (Nifty 500: +4.9%).
  • Q3 FY25: Revenue ₹25,601 cr (−10% year on year), EBITDA ₹1,032 cr (−11% year on year), PAT ₹309 cr (−21% year on year), EBITDA margin 4.0% (−5 bps). Score 37 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA growth was in line with it. EBITDA margin was flat year on year. Tax rate 35%. Revenue fell 11% from last quarter.
  • Q2 FY25: Revenue ₹28,786 cr (+26% year on year), EBITDA −₹474 cr (−122% year on year), PAT −₹697 cr (−166% year on year), EBITDA margin -1.7% (−1,000 bps). Score 20 of 100, Below trend. EBITDA margin fell 1000 bps year on year. Not enough history for a trend yet: scored on growth alone. Profit fell 1055% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Mangalore Refinery and Petrochemicals Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.