MRPL Reports Mixed Q3 FY26 Financial Results with Profit Variations and Debt Reduction

Mangalore Refinery and Petrochemicals Limited (MRPL) reported mixed financial results for the third quarter of FY26. While some sources indicate a sharp profit surge with consolidated net profit rising nearly five-fold to around Rs 1,445 crore and revenue increasing to Rs 29,720 crore, another report notes a 62% profit decline to Rs 604 crore and a 6% revenue dip to Rs 25,352 crore due to volatile crude prices and compressed refining margins. MRPL also reduced borrowings significantly to Rs 9,290 crore and improved operational efficiency, processing 4.70 million metric tonnes of crude in Q3. The company anticipates margin normalization and demand recovery in upcoming quarters.