Financial Results Summary

Standalone Financial Performance (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹47,608.96 crore
  • Total Income: ₹47,679.85 crore (Revenue + Other Income of ₹70.89 crore)
  • Profit Before Exceptional Items and Tax: ₹743.05 crore
  • Exceptional Items: Income of ₹471.76 crore (from revision of petroleum product prices)
  • Profit Before Tax: ₹1,214.81 crore
  • Tax Expense: ₹269.13 crore (Current Tax: ₹256.83 crore, Deferred Tax: ₹63.72 crore, Earlier years: -₹20.56 crore)
  • Net Profit: ₹945.68 crore
  • Earnings Per Share (Basic & Diluted): ₹5.40

Half-Year Standalone Performance (April-September 2026)

  • Revenue from Operations: ₹77,199.36 crore
  • Net Profit: ₹1,900.76 crore
  • Exceptional Items: Net income of ₹353.00 crore (₹471.76 crore income offset by ₹118.76 crore fire loss)

Consolidated Financial Performance

  • Q2 Net Profit: ₹945.68 crore (same as standalone)
  • Half-Year Net Profit: ₹2,846.44 crore
  • Share of Joint Venture Profit: ₹50.73 crore for half-year

Key Financial Metrics

  • Paid-up Equity Share Capital: ₹1,752.60 crore (Face value ₹10 each)
  • Debt Equity Ratio: 0.55 times (Standalone)
  • Current Ratio: 1.34 times (Standalone)
  • Net Worth: ₹16,958.05 crore (Standalone)
  • Total Borrowings: ₹9,245.26 crore (Standalone)

Dividend Declaration

  • Interim dividend declared at ₹3 per fully paid-up equity share (30%)
  • Record Date: October 21, 2026
  • Payment Date: On or before November 11, 2026

Exceptional Items

Fire Incident (September 30, 2026)

  • Fire occurred at Coker Hydrotreater (CHT) Unit in Phase II of Refinery Complex
  • Provisional estimated loss: ₹118.76 crore
  • Comprises carrying value of damaged PPE (estimated replacement value ~₹225 crore) and inventory/incidental losses
  • Assets are adequately insured
  • Final impact and insurance claims to be reviewed in subsequent periods

Price Revision Benefit

  • Exceptional income of ₹471.76 crore from revision of certain petroleum product prices on supplies made in earlier period
  • Net exceptional item for half-year: Income of ₹353.00 crore

Tax Rate Change

  • Company exercised option for lower tax rate under Section 200 of Income Tax Act, 2025
  • Effective tax rate reduced to 25.168% from 34.944% from FY2026-27 onwards
  • Accumulated MAT Credit can be carried forward subject to conditions

Joint Venture Formation

  • ONGC Petrochemicals Marketing Limited (OPML) incorporated on October 7, 2026
  • Partners: MRPL (25%), ONGC (50%), OPaL (25%)
  • Purpose: Marketing activities for petrochemicals, chemicals and kindred products
  • Transactions expected to commence shortly

Board Meeting Details

  • Meeting held on October 14, 2026
  • Commenced at 14:30 hrs, concluded at 19:30 hrs
  • Approved standalone and consolidated unaudited financial results

Additional Disclosures (Regulation 52(4))

  • Operating Margin: 5.64% (Q2), 4.03% (Half-year)
  • Net Profit Margin: 1.99% (Q2), 3.69% (Half-year)
  • Inventory Turnover: 2.57 times (Annualized)
  • Debtors Turnover: 7.10 times (Annualized)

Audit Review

  • Limited review conducted by joint auditors Ram Raj & Co and A Raghavendra Rao & Associates
  • Emphasis of matter regarding fire incident provisional loss recognition
  • No material misstatement identified

Geographical Considerations

  • Company has assessed ongoing geo-political conditions
  • No significant effect on carrying amounts of PPE, Inventories, Receivables and Other Current Assets

Availability of Results

  • Available on NSE (www.nseindia.com), BSE (www.bseindia.com) and company website (www.mrpl.co.in)

#Tags: #MRPL #Q2Results #InterimDividend #SEBIDisclosure #RefineryFire #TaxRateChange #Positive