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  5. MRPL shares zoom over 13% as profit grows multi-fold QoQ to ₹946 crore, revenue jumps 46%

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MRPL shares zoom over 13% as profit grows multi-fold QoQ to ₹946 crore, revenue jumps 46%

Abha Raverkar
By Abha Raverkar

3 min read | Updated on July 16, 2026, 11:12 IST

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SUMMARY

During Q1 FY27, MRPL reported a one-time gain of ₹471.76 crore, pursuant to the revision of certain petroleum product prices on the supplies made in the previous period.

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MRPL
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MRPL shares

MRPL has a total market capitalisation of ₹30,426.87 crore as of July 16, 2026, according to data on the NSE. | Image: Shutterstock

MRPL share price today: Shares of Mangalore Refinery and Petrochemicals (MRPL) skyrocketed as much as 13.3% to hit an intraday high of ₹178.40 per unit on the National Stock Exchange (NSE) on Thursday, July 16, after the company reported robust earnings for the June quarter of the 2026-27 financial year (Q1 FY27).
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At around 11:10 AM, the stock stood at ₹173.89 per equity share, reflecting a 10.43% jump.

The scrip has gained 16% in the past week and 5% over the month. On a year-to-date basis, it has advanced 13%.

While the share hit a 52-week high of ₹212.31 on March 6, 2026, it touched a year’s low of ₹120.40 apiece on August 7, 2025.

Also read: Q1 Results: Wipro, Jio Financial Services, Tech Mahindra, BHEL, Polycab, ITC Hotels, others to post earnings on July 16

MRPL Q1 results

The ONGC subsidiary reported a multi-fold quarter-on-quarter (QoQ) surge in its consolidated net profit to ₹945.68 crore in the first quarter of FY27, compared with ₹116.99 crore in the preceding quarter.

In the corresponding period of the 2025-26 financial year (Q1 FY26), the company had logged a loss of ₹270.66 crore.

During the current quarter, the company reported a one-time gain of ₹471.76 crore, pursuant to the revision of certain petroleum product prices on the supplies made in the previous period, according to a regulatory filing dated July 15.

Its revenue from operations (including exports) soared 46.03% QoQ to ₹41,608.96 crore during the quarter under review, as against ₹28,493.04 crore in the March quarter of FY26.

The top line grew 98.24% year-on-year (YoY) from ₹20,988.53 crore in the first quarter of FY26.

While the company’s exports declined 30.9% QoQ to ₹5,012 crore in Q1 FY27, from ₹7,252 crore in the quarter-ago period, they increased 5.1% YoY from ₹4,767 crore in the year-ago period.

At an operational level, the Miniratna CPSE’s EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, stood at ₹1,860 crore for the reporting quarter.

It increased QoQ marginally from ₹1,842 crore in Q4 FY26 and soared 8x YoY from ₹218 crore in the June FY26 quarter.

The firm’s throughput, including crude and others, expanded by 1.8% QoQ and 25.85% YoY to 4.43 million metric tonnes (MMT) in the quarter ended June 30, 2026, from 4.35 MMT in the quarter-ago period and 3.52 MMT in Q1 FY26.

MRPL has a total market capitalisation of ₹30,426.87 crore as of July 16, 2026, according to data on the NSE.

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.

About The Author

Abha Raverkar
Abha Raverkar is a post-graduate in economics from Christ University, Bengaluru. She has a strong interest in the markets and loves to unravel the nitty-gritties of the latest happenings in the world of markets, business, and the economy.

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