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India
As of 18 Sept 2026, 03:30 pm
At the 38th Annual General Meeting held on August 24, 2026, MRPL shareholders approved 10 resolutions. Key approvals included the adoption of audited financial statements for the fiscal year ending March 31, 2026, the re-appointment of director Arun Kumar Singh, and the appointment of new directors Dr. Seema and Satyan Kumar. Shareholders also confirmed a final dividend of ₹4 per share (40%), ratified the cost auditor's remuneration, and appointed secretarial auditors. Additionally, a material related party transaction with Shell MRPL Aviation Fuels and Services Limited, up to ₹5,500 crore for FY 2027-28, was approved, along with amendments to the company's Memorandum and Articles of Association.
MRPL received notices for penalties from both NSE and BSE totaling ₹14,19,540 each. These penalties were for non-compliance with SEBI Listing Regulations concerning board composition for the quarter ended June 30, 2026. MRPL attributed this non-compliance to the Ministry of Petroleum and Natural Gas's authority over director nominations, as MRPL is a Central Public Sector Enterprise. The company has formally requested a waiver of these penalties.
As of the provided news summary, MRPL's shares have increased by 8% so far in the current year. In contrast, Reliance Industries shares are down 21%, while state-run refiners HPCL, BPCL, and IOC have seen declines of 30%, 20%, and 18% respectively for the year to date. MRPL's year-to-date return, as of the technical summary date of September 18, 2026, was 8%.
As of September 18, 2026, MRPL's daily trend indicators show a closing price of ₹165.38. The Exponential Moving Average (EMA) for 20 days is 171.6, and the Simple Moving Average (SMA) for 20 days is 172.66, both above the current price. The Supertrend indicator is bullish at 160.95. On a weekly basis, the Supertrend direction is bearish at 196.17, with the EMA 20 at 167.92 and SMA 20 at 163.10. The monthly trend shows a bullish Supertrend at 97.47.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹41,608.96 crore | ₹28,493.04 crore | ₹29,720.13 crore | ₹25,952.94 crore | ₹20,988.03 crore |
| Expenses | PEAK₹40,936.80 crore | ₹27,316.74 crore | ₹27,545.19 crore | ₹25,054.53 crore | ₹21,428.96 crore |
| Profit Before Tax | ₹1,214.81 crore | ₹1,235.50 crore | PEAK₹2,214.28 crore | ₹959.66 crore | -₹402.90 crore |
| Profit Loss For Period | ₹945.68 crore | ₹116.99 crore | PEAK₹1,450.89 crore | ₹627.36 crore | ₹627.36 crore |
| Finance Costs | ₹244.31 crore | ₹211.87 crore | ₹218.96 crore | ₹219.22 crore | PEAK₹257.18 crore |
| Tax Expense | ₹299.99 crore | PEAK₹1,116.14 crore | ₹769.12 crore | ₹335.99 crore | -₹130.93 crore |
Exchange disclosures and regulatory announcements for Mangalore Refinery & Petrochemicals.
MANGALORE REFINERY AND PETROCHEMICALS LIMITED has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
Appointment |SUBJECT: Appointment
Mangalore Refinery and Petrochemicals Limited received a letter dated September 07, 2026, from the Office of the Comptroller and Auditor General of India appointing M/s. Ram Raj & Co., Bengaluru, and M/s. A Raghavendra Rao & Associates, Mangaluru, as its Statutory Auditors for the Financial Year 2026-27. The company formally intimated this appointment to stock exchanges on September 09, 2026, pursuant to Section 139 of the Companies Act, 2013.
At the 38th Annual General Meeting of Mangalore Refinery and Petrochemicals Limited held on August 24, 2026, all 10 resolutions were passed with requisite majorities. Key approvals included the adoption of audited financial statements for FY ended March 31, 2026, re-appointment of director Arun Kumar Singh, confirmation of a final dividend of ₹4 per share (40%), appointment of directors Dr. Seema and Satyan Kumar, ratification of cost auditor remuneration of ₹2,50,000 plus GST, appointment of secretarial auditor Kumar Naresh Sinha & Associates for five years at ₹40,000 per year, approval of a material related party transaction with Shell MRPL Aviation Fuels and Services Limited up to ₹5,500 crore for FY 2027-28, and amendments to the Memorandum and Articles of Association.
Mangalore Refinery and Petrochemicals Limited (MRPL) received notices from BSE and NSE for non-compliance with SEBI Listing Regulations regarding board composition for the quarter ended June 30, 2026, resulting in fines of ₹14,19,540 each. The company attributed the non-compliance to the Ministry of Petroleum and Natural Gas's authority over director nominations as a Central Public Sector Enterprise and has formally requested a waiver of these penalties.
Mangalore Refinery and Petrochemicals Limited (MRPL) held its 38th Annual General Meeting on August 24, 2026, where shareholders approved the audited financial statements for the fiscal year ended March 31, 2026, which reported a Profit After Tax of ₹21,931 crore. The meeting resulted in the re-appointment of Arun Kumar Singh as Director, the appointment of Dr. Seema and Shri Satyan Kumar as new Directors, and the approval of a final dividend recommendation of ₹24 per equity share (40%). Additionally, members authorized the Board to fix auditor remuneration for 2026-27, appointed Secretarial Auditors for a five-year term, and approved material related party transactions with Shell MRPL Aviation Fuels and Services Limited for FY 2027-28.
Mangalore Refinery and Petrochemicals Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 24, 2026 |SUBJECT: Shareholders meeting
Mangalore Refinery and Petrochemicals Limited reported the proposed appointment of three new directors—Lakhan Chandra Mardi, Sharwan Singh Karawasra, and Vipin Malviya—effective August 12, 2026. The filing confirms that all three individuals are not debarred from holding office by any SEBI order or other authority. The disclosure was submitted on August 13, 2026, covering a total of three persons for whom the change is being reported.
Recent market and company developments associated with Mangalore Refinery & Petrochemicals.
Shares of MRPL are up 8% so far this year, while those of Reliance Industries are down 21%. Shares of the state-run refiners, HPCL, BPCL and IOC, are down 30%, 20% and 18% respectively for the year so far.
MRPL Share Price Today - Get live NSE/BSE quotes of MRPL with latest news, headlines and quick analysis. View forecasts, quarterly results, dividend details, balance sheet & more.
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Analyst said that the current rally in upstream oil and refining companies is primarily driven by elevated crude oil prices.
Over the last six months, Indian refiners have been running at above 100% capacity, driven by soaring diesel demand that leads them to focus more on this fuel compared to jet fuel. Mangalore Refinery and Petrochemicals intends to keep this high output rate through March. The ongoing Russia-Ukraine war has prompted refiners to diversify their crude oil sourcing, enabling a more adaptable production of diesel and jet fuel.
MRPL operates at 105%-108% capacity, prioritizing diesel production amid rising demand, according to a company official.
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Comprehensive Section Breakdown for Mangalore Refinery & Petrochemicals
Strategic Vision: Refines crude oil and produces petrochemicals and fuels.
The company reported a significant expansion in top-line sales, with revenue rising to ₹41,609 crore in the quarter ended 30 June 2026. This represents a 46% increase from the preceding quarter and nearly doubles the figure from the same period last year. Despite this surge in revenue, total expenses grew at a similar pace, compressing the raw difference between revenue and costs.
Pre-tax profit remained largely unchanged from the previous quarter at ₹1,215 crore, though this stability masked a shift in composition. The quarter included an exceptional item of ₹472 crore before tax, which had not been present in the three prior quarters. Meanwhile, the tax charge fell sharply compared to the March quarter, allowing net profit to recover to ₹946 crore from a much lower base of ₹117 crore in the preceding period.
The most prominent feature of the quarter is the scale of operations. Revenue reached ₹41,608.96 crore, marking the highest level in the last five quarters. This compares to ₹28,493.04 crore in the March quarter and ₹20,988.03 crore in the year-ago period.
However, the growth in revenue was accompanied by a proportionally larger increase in total expenses. Expenses rose to ₹40,936.80 crore, an increase of approximately 50% from the previous quarter. When comparing the two figures directly, the gap between revenue and expenses narrowed significantly. In the March quarter, the difference was ₹1,176 crore; in the June quarter, this buffer shrank to ₹672 crore.
This dynamic indicates that while the business scaled up substantially, the conversion of each rupee of revenue into a pre-operating profit buffer weakened relative to the immediate past. The revenue-to-expense spread in the current quarter was also notably lower than the peak observed in the September quarter of the prior fiscal year, where the spread stood at ₹898 crore.
Reported profit before tax (PBT) for the quarter was ₹1,214.81 crore, representing a marginal decrease of 1.67% from the ₹1,235.50 crore recorded in the March quarter. On the surface, this suggests stable profitability. However, the internal composition of this figure reveals a different trend in underlying performance.
For the first time in the recent four-quarter sequence, the company reported exceptional items before tax amounting to ₹471.76 crore. Prior quarters showed nil exceptional items. Excluding this item, pre-tax profit would have been ₹743.05 crore. Comparing this adjusted figure to the March quarter’s reported profit of ₹1,235.50 crore (which contained no exceptional items) shows a decline of roughly 40% in the underlying pre-tax earnings power.
Thus, the headline stability in pre-tax profit was supported by the one-time exceptional item offsetting the narrower revenue-expense spread.
The movement in net profit for the period was driven primarily by changes in the tax charge rather than operational profit growth. The tax expense for the quarter was ₹299.99 crore, a sharp reduction from the ₹1,116.14 crore charged in the March quarter.
In the March quarter, the tax expense absorbed approximately 90% of the pre-tax profit, leaving a net profit of only ₹116.99 crore. In contrast, the current quarter’s tax expense represented roughly 25% of the pre-tax profit. This reduction in the effective tax burden allowed net profit to rise to ₹945.68 crore, an increase of over 700% from the previous quarter.
While the absolute net profit of ₹945.68 crore remains below the ₹1,450.89 crore achieved in the December quarter of the previous fiscal year, it marks a substantial recovery from the compressed results of the March quarter. Finance costs increased by 15% quarter-on-quarter to ₹244.31 crore, but were 5% lower than the year-ago figure of ₹257.18 crore.
The quarter demonstrated a major expansion in business scale, with revenue nearly doubling year-over-year. However, the gap between revenue and expenses narrowed, as expenses grew faster than revenue, reducing the raw profit buffer. The headline pre-tax profit remained flat only because a one-time exceptional item compensated for this compression. The bottom line benefited significantly from a reduced tax charge, which lifted net profit well above the previous quarter’s levels despite the weaker underlying pre-tax spread.
Category: Manufacturing
Operations encompass refining crude oil, producing petrochemicals like polypropylene and aromatics, and marketing fuel.
Category: Manufacturing
Crude oil processing is conducted at its 15 MMTPA refinery located at Katipalla, north of Mangaluru.
Category: Manufacturing
The company is involved in the production of polypropylene and aromatic compounds.
Category: Supply Chain
MRPL operates fuel service stations and is engaged in the trading and supply of aviation fuel through a joint venture.
Category: Supply Chain
The company exports petroleum products and aromatic compounds to markets in Asia, Europe, and the Middle East.
Core Thesis: The company leverages its complex refining capabilities and strategic location to produce and market a diverse range of petroleum products and petrochemicals.
• Refining Flexibility: The refinery is designed with versatile and complex secondary processing units, enabling high flexibility to process crude oils of various API gravities. • Downstream Integration: An associated entity, OMPL, produces paraxylene and other aromatic products, facilitating downstream integration for MRPL's naphtha and reformate streams. • Logistical Advantage: Captive infrastructure at New Mangalore Port, including two jetties and an SPM buoy, provides direct access for VLCCs for crude imports and product exports.
• Only refinery in India equipped with two hydrocrackers for premium diesel production.
• One of only two refineries in India possessing two Continuous Catalytic Regeneration (CCR) units for high-octane unleaded petrol.
• Refinery engineered to process crude oils with a wide range of API gravity (24° to 46°).
• Maintains Zero Liquid Discharge (ZLD) environmental compliance.
• Benefits from captive infrastructure at New Mangalore Port for crude imports and product exports.