Mangalore Refinery and Petrochemicals Limited (MRPL) announced its audited financial results for the quarter and year ended March 31, 2026, during a board meeting held on April 24, 2026. For the fourth quarter (Q4) of FY 2025-26, the company reported revenue from operations of ₹28,493 crore, marking a 3% increase compared to ₹27,602 crore in the corresponding quarter of the previous year. However, the profit after tax (PAT) for the quarter saw a significant decline of 69%, falling to ₹119 crore from ₹383 crore in Q4 FY 2024-25. When compared sequentially to the previous quarter (Q3 FY 2025-26), the company demonstrated mixed performance amidst fluctuating refining margins. The Board of Directors did not recommend a final dividend for the financial year 2025-26.

Mangalore Refinery and Petrochemicals Limited is a Schedule ‘A’ Mini Ratna Category I Central Public Sector Enterprise and a subsidiary of Oil and Natural Gas Corporation (ONGC), which holds a 71.63% stake. The company operates a high-complexity refinery in Mangaluru with a focus on refining innovation, receiving the FIPI Innovator of the Year 2025 award. Throughout 2025, MRPL expanded its retail presence, commissioning 85 new outlets to reach a total of 252, and fully operationalized the Devarponthi Marketing Terminal to enhance inland market access. While the company faced a GST demand order of ₹23.76 crore in March 2026, it maintains a strong institutional backing with major investors such as ICICI Prudential Asset Management and The Vanguard Group.