Mangalore Refinery and Petrochemicals Limited (MRPL) has swung from a loss to a significant profit, with revenue nearly doubling to ₹41,609 crore in the first quarter of FY 2026-27.

Key Takeaways

  • MRPL transitioned from a ₹272 crore loss in Q1 FY26 to a ₹915 crore net profit in Q1 FY27.
  • Operational revenue surged nearly 100% to ₹41,609 crore compared to ₹20,989 crore YoY.
  • The company secured PNGRB authorization for a critical Aviation Turbine Fuel (ATF) pipeline to Bengaluru.
  • Significant progress made in Sustainable Aviation Fuel (SAF) with ISCC CORSIA certification.

Mangalore Refinery and Petrochemicals Limited (MRPL) has announced a stellar financial performance for the first quarter of the 2026-27 fiscal year. In a remarkable turnaround, the company posted a net profit of ₹915 crore, a sharp contrast to the ₹272 crore loss reported during the same period in the previous fiscal year. The Board of Directors officially approved these standalone and consolidated results on July 15.

Explosive Revenue Growth and Operational Efficiency

The financial metrics reveal an aggressive growth trajectory. MRPL's revenue from operations witnessed a massive jump, nearly doubling to ₹41,609 crore from ₹20,989 crore in Q1 of 2025-26. This growth was supported by increased throughput, with the company processing 4.43 million tonnes (mt) of crude and other feedstocks, up from 3.52 mt in the corresponding quarter last year. Furthermore, Earnings Before Interest, Depreciation, Tax, and Amortization (EBITDA) saw a monumental rise to ₹1,860 crore, compared to just ₹218 crore in the previous year.

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Strategic Infrastructure and Logistics Expansion

Beyond the balance sheet, MRPL is aggressively expanding its logistical footprint. A major highlight this quarter is the authorization from the Petroleum and Natural Gas Regulatory Board (PNGRB) for an Aviation Turbine Fuel (ATF) pipeline connecting the Devangonthi terminal to Kempegowda International Airport in Bengaluru. This infrastructure development is set to streamline fuel supply to one of India's busiest aviation hubs. Additionally, the company has expanded its storage capabilities through lease agreements at the Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai and key terminals in Andhra Pradesh.

Commitment to Green Energy and Sustainability

Aligning with global decarbonization trends, MRPL has achieved a significant milestone in the Sustainable Aviation Fuel (SAF) sector. On April 24, the company successfully obtained certification under the ISCC CORSIA (International Sustainability and Carbon Certification) framework for the co-processing of used cooking oil. This certification positions MRPL as a forward-thinking player in the transition toward cleaner, more sustainable aviation energy solutions.