Mangalore Refinery and Petrochemicals Ltd
MRPL Q2 FY27 Net Profit ₹1,880.89 Crore; Interim Dividend ₹3 Declared
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 14 Oct 2026, 08:32 PM IST · BSE ID: 2e1cc57b-73b8-45d3-b44a-c49c27cab012
View Original BSE Filing (PDF)
💡
In Simple Terms
The company made a profit of ₹1,880.89 Crore in the last quarter and announced a ₹3 per share interim dividend.
🤖 AI Summary
- Standalone Net Profit for Q2 FY27 was ₹1,880.89 Crore, up from ₹638.67 Crore in Q2 FY26.
- Interim dividend of ₹3 per fully paid up equity share (30%) declared for FY 2026-27.
- Record date for interim dividend fixed as October 21, 2026, with payment on or before November 07, 2026.
- Fire incident at Coker Hydrotreater Unit led to a provisional exceptional item loss of ₹118.76 Crore.
- Company opted for a lower income tax rate of 25.168% from FY 2026-27 onwards.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from Operations (Q2 FY27)
₹35,590.40 Crore
37.12%
Net Profit (Q2 FY27)
₹1,880.89 Crore
194.50%
Basic EPS (Q2 FY27)
₹10.73
194.78%
Interim Dividend per share (FY27)
₹3
Exceptional Items (Income)/Expenses (Net)
₹353.00 Crore
Total Assets (September 30, 2026)
₹47,495.65 Crore
🏢 How This Affects the Company
The fire incident at the Coker Hydrotreater Unit may temporarily affect production capacity, although assets are insured. The incorporation of ONGC Petrochemicals Marketing Limited (OPML) as a joint venture signifies a strategic move into petrochemical marketing.
Net Profit for Q2 FY27 significantly increased to ₹1,880.89 Crore. The declaration of an interim dividend will result in a cash outflow for dividend distribution. The adoption of a lower tax rate of 25.168% is expected to benefit future profitability.
Operations at the Coker Hydrotreater Unit are impacted by the fire incident, requiring repair or replacement, with an estimated replacement value of approximately ₹225 Crore. The new joint venture, OPML, will broaden the company's marketing activities.
The fire incident introduces operational risks and potential business interruption, although the company states affected assets are adequately insured. The shift to a lower tax rate mitigates future tax-related financial risks.
👥 What This Means For Shareholders
✅
Action Required
Shareholders must ensure their shares are held in dematerialized form by the record date of October 21, 2026, to be eligible for the interim dividend.
👤
Who Is Affected
All shareholders holding equity shares of Mangalore Refinery and Petrochemicals Limited as of the record date, October 21, 2026, will be eligible for the interim dividend of ₹3 per share.
🔍
Management Signal
The declaration of an interim dividend and the adoption of a lower tax rate indicates management's focus on shareholder returns and optimizing financial efficiency, despite operational challenges.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q3 FY27 financial results — assess sustained profitability and revenue trends.
Update on Coker Hydrotreater Unit repairs — monitor impact on refinery operations.
Commencement of transactions by ONGC Petrochemicals Marketing Limited (OPML).
MEDIUM RISK
Operational risk from the fire incident and volatility in refining margins warrant close monitoring.
💡 Investor Takeaway
MRPL reported a standalone Net Profit of ₹1,880.89 Crore for the quarter ended September 30, 2026, marking a 194.5% increase from ₹638.67 Crore in the prior year. The Board also declared an interim dividend of ₹3 per equity share for FY 2026-27.
⚖️ Strengths & Concerns
✅ Positives
- Net Profit for the quarter ended September 30, 2026, surged by 194.5% to ₹1,880.89 Crore from ₹638.67 Crore year-on-year.
- Interim dividend of ₹3 per equity share declared for FY27, signaling strong financial performance and shareholder distribution.
⚠️ Concerns
- Company reported a provisional exceptional item loss of ₹118.76 Crore in Q2 FY27 due to a fire incident at the Coker Hydrotreater Unit.
- Revenue from Operations for Q2 FY27 decreased by 25.27% to ₹35,590.40 Crore compared to ₹47,608.96 Crore in Q1 FY27.
📅 Company Track Record
MRPL's Q2 FY27 Net Profit of ₹1,881 Crore represents a significant increase from FY26's full-year PAT of ₹1,931 Crore and FY25's ₹51 Crore. The Gross Refining Margin doubled to $8.22/bbl in FY26. The current interim dividend declaration follows no final dividend in FY26.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Mangalore Refinery and Petrochemicals Ltd's Net Profit in Q2 FY27?
Mangalore Refinery and Petrochemicals Ltd reported a standalone Net Profit of ₹1,880.89 Crore for the quarter ended September 30, 2026.
What interim dividend did MRPL declare for FY27?
MRPL declared an interim dividend of ₹3 per fully paid up equity share (30%) for the Financial Year 2026-27.
When is the record date for MRPL's interim dividend?
The record date for ascertaining the eligibility of shareholders for the interim dividend is October 21, 2026.
What was the financial impact of the fire incident reported by MRPL?
MRPL provisionally estimated the financial impact of the fire incident at the Coker Hydrotreater Unit at ₹118.76 Crore, presented as an exceptional item.
What is MRPL's new effective tax rate from FY27?
Pursuant to amendments to the Income Tax Act, 2025, MRPL has opted for a lower effective tax rate of 25.168% from Financial Year 2026-27 onwards.
Questions based on this BSE filing only. For information purposes.