Mangalore Refinery Share Price Jump 9% After Strong Q2 FY26 Earnings Results

Mangalore Refinery and Petrochemicals share price (NSE: MRPL) surged nearly 9% on Thursday after the company reported a strong turnaround in its Q2FY26 results. The stock touched an intraday high of ₹154.55 on the BSE, before settling around ₹145.60, up 2.5% from the previous close of ₹142.

Nearly 3.52 million MRPL shares, worth about ₹500 crore, changed hands across exchanges during the session. The company’s market capitalisation stood at around ₹25,491 crore on the BSE.

Mangalore Refinery Q2FY26 Financial Performance

In the second quarter of FY26, MRPL reported a net profit (PAT) of ₹974.66 crore, compared to a net loss of ₹402.9 crore in the same quarter last year.

Revenue from operations rose 23.8% year-on-year (YoY) to ₹26,029 crore, up from ₹21,026 crore in Q2FY25. However, total expenses also increased 16.9% YoY to ₹25,054 crore, reflecting higher input costs.

H1FY26 Performance and Operational Updates

For the first half of FY26, MRPL’s revenue stood at ₹46,941 crore, while profit after tax came in at ₹367 crore, a sharp turnaround from the ₹617 crore loss reported in the same period last year.

During the quarter, the company also processed new crude oil (API = 31.00) from the Kuwait Neutral Zone for the first time. Additionally, its Devangonthi terminal achieved record dispatches of 65.40 TKL in September 2025, up from 57.90 TKL in May 2025.

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Conclusion

Mangalore Refinery’s impressive Q2 performance and operational milestones have lifted investor sentiment. With rising revenues, improved profitability, and steady capacity expansion, MRPL appears set for a stronger performance in the coming quarters.

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