October 17, 2026: Mangalore Refinery and Petrochemicals Ltd (MRPL) reported a standalone net profit of Rs 18.81 billion for the July-September quarter of 2026-27 (Q2). That was nearly three times the Rs 6.39 billion it earned in the same quarter last year. The jump came even as throughput of crude and other inputs fell to 4.18 million metric tonnes (MMT) from 4.43 MMT. Revenue from operations rose 37.1 percent to Rs 355.90 billion, according to the results approved by the company’s board on Wednesday.

The half-year figures for the Oil and Natural Gas Corporation (ONGC) subsidiary went further. Standalone net profit for April-September (H1) rose to Rs 27.96 billion from Rs 3.67 billion a year earlier. That was already 44.8 percent more than the Rs 19.31 billion MRPL earned in the whole of 2025-26. The board also declared a first interim dividend of Rs 3 per share for 2026-27.

(Source: PSU watch)