MRPL share price was up 2.67% and was trading at ₹142.87 at 11:29 AM. The company has reported a consolidated net loss of ₹272 crore for the first quarter of FY26. The loss came as the company faced softening refining margins and a sharp decline in revenue.
Mangalore Refinery and Petrochemicals Ltd (MRPL) is a public sector oil refining company owned by ONGC. In Q1 FY26, the company’s revenue from operations fell to ₹20,988 crore, down nearly 23% from ₹27,289 crore in Q1 FY25. MRPL’s Gross Refining Margin (GRM) also dropped to US$ 3.88 per barrel, compared to US$ 4.70 a year ago, mainly due to weaker product prices and planned maintenance shutdowns.
Despite a weak quarter, MRPL achieved a milestone by processing 1,512 TMT of crude oil in April 2025, the highest-ever for that month. However, total throughput for the quarter dropped to 3.52 million metric tonnes (MMT), from 4.35 MMT last year due to the temporary shutdown of key units in the company’s Phase-2 complex.
The company reported a standalone EBITDA of ₹218 crore, down from ₹650 crore in the same period last year. It also posted a pre-tax loss of ₹403 crore, and a consolidated net loss of ₹271 crore, compared to a profit of ₹73 crore in Q1 FY25.
MRPL share price has shown notable price swings. The stock has traded at an average price of ₹144.63 over the past month. The share price touched a low of ₹133.77 on June 23, 2025, and climbed to a high of ₹154.00 on July 4, 2025, reflecting a price difference of ₹20.23. Interestingly, June 23 also saw the stock jump 7.92% in a single session, with trading volumes hitting 22.20 million shares, the highest during this period.
On July 22, MRPL share price closed at ₹142.30.
Read more: Havells India Share Price in Focus; 6% Revenue Dip in Q1 FY26 Results.
MRPL, a Mini Ratna PSU, remains a key player in India’s fuel sector, especially in southern markets. The company's future performance will depend on the recovery of global product margins and a return to full capacity. Investors tracking such PSUs through their Demat account should watch for updates on operational recovery and crude price trends before making investment decisions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 22, 2025, 11:40 AM IST
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