Integrated Filing — IndAS



General information about company

Scrip Code 500109
NSE Symbol MRPL
MSEI Symbol MRPL
ISIN INE103A01014
Name of company Mangalore Refinery and Petrochemicals Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 14-10-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 05-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Downstream Petroleum Sector
Start date and time of board meeting 14-10-2026   14:30:00
End date and time of board meeting 14-10-2026   18:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 35,59,040.00 77,19,936.00
Other income 4,951.00 12,040.00
Total income 35,63,991.00 77,31,976.00
2 Expenses
(a) Cost of materials consumed 29,10,927.00 64,35,127.00
(b) Purchases of stock-in-trade 575.00 1,112.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (92,126.00) (46,674.00)
(d) Employee benefit expense 17,907.00 35,621.00
(e) Finance costs 28,385.00 52,816.00
(f) Depreciation, depletion and amortisation expense 40,689.00 80,803.00
(f) Other Expenses
1 Excise Duty 3,07,416.00 6,42,893.00
2 Other Expenses 86,449.00 1,92,204.00
Total other expenses 3,93,865.00 8,35,097.00
Total expenses 33,00,222.00 73,93,902.00
3 Total profit before exceptional items and tax 2,63,769.00 3,38,074.00
4 Exceptional items (11,876.00) 35,300.00
5 Total profit before tax 2,51,893.00 3,73,374.00
6 Tax expense
7 Current tax 60,338.00 83,965.00
8 Deferred tax 3,466.00 9,838.00
9 Total tax expenses 63,804.00 93,803.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 1,88,089.00 2,79,571.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 1,987.00 5,073.00
16 Total profit (loss) for period 1,90,076.00 2,84,644.00
17 Other comprehensive income net of taxes (324.00) (604.00)
18 Total Comprehensive Income for the period 1,89,752.00 2,84,040.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 1,75,260.00 1,75,260.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 10.85 16.24
Diluted earnings (loss) per share from continuing operations 10.85 16.24
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 10.85 16.24
Diluted earnings (loss) per share from continuing and discontinued operations 10.85 16.24
24 Debt equity ratio 54.2600 54.2600
25 Debt service coverage ratio 189.4400 274.6900
26 Interest service coverage ratio 1137.7600 969.5300
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes to Consolidated Financial Results: 1 The Audit Committee has reviewed the above results and the same have been subsequently approved by the Board of Directors in their meetings held on October 14, 2026. 2 The financial results of the Company have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards (Ind AS), prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules (as amended) issued thereunder and the other accounting principles generally accepted in India. 3 Investment in Joint Venture Company 'Shell MRPL Aviation Fuels & Services Limited' is consolidated as per equity method. 4 The financial results have been reviewed by the Joint Statutory Auditors as required under Regulation 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). 5 The Company operates only in a single segment viz. downstream petroleum sector. As such reporting is done on a single segment basis. 6 During the current quarter, a fire incident occurred at the Coker Hydrotreater (CHT) Unit located in Phase III of the Refinery Complex. Based on a preliminary assessment, the Company has provisionally estimated the financial impact of the incident at Rs.118.76 crore, comprising the estimated carrying value of the damaged Property, Plant and Equipment (PPE), corresponding to an estimated replacement value of approximately Rs. 225 crore and losses relating to inventories & other incidental expenses. The provisionally assessed loss has been presented as an exceptional item in the financial result for the period ended September 30, 2026. The affected assets are adequately insured by the company. The loss recognised will be reviewed and recognised appropriately at subsequent reporting period and would be recognised in the financial statements upon fulfilment of the applicable recognition criteria. Exceptional items reported for the half year includes an additional income (net of expenses) amounting to ` 471.76 crore of previous quarter’s due to revision of certain petroleum product prices on the supplies made in the earlier period, besides the provisionally assessed loss of ` 118.76 Crores on account of the fire incident, resulting in net Exceptional item(income) of ` 353.00 Crore. 7 Pursuant to amendments made to Income Tax Act, 2025 vide Finance Act, 2026, the Company has decided to exercise the option for lower tax rate under Section 200 of Income Tax Act, 2025 from Financial Year 2026-27 onwards. Consequently, the effective tax rate applicable to the Company is 25.168% as against earlier tax rate of 34.944% and the Company is allowed to carry forward the accumulated MAT Credit for utilising the same subject to certain conditions. 8 A joint venture between the Company, Oil and Natural Gas Corporation Limited (ONGC) and ONGC Petro additions Limited (OPaL), by the name ONGC Petrochemicals Marketing Limited (OPML) has been incorporated on October 7, 2026 for undertaking marketing activities relating to petrochemicals, chemicals and kindreds products. The Company holds 25% equity stake in OPML along with ONGC holding 50% and OPaL holding 25%. Transactions between OPML and the Company are expected to commence shortly. 9 The Board of Directors in its meeting held on October 14, 2026 has declared the first interim dividend of Rs. 3 per equity share (30%) 10 Additional disclosures as per Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: SI. No. Particulars UOM Quarter Ended Half Year Ended Year Ended 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Debt Equity Ratio No. of times 0.54 0.76 0.79 0.54 0.79 1.01 2 Capital Redemption Reserve ` in crore 9.19 9.19 9.19 9.19 9.19 9.19 3 Net Worth ` in crore 17,038.27 15,140.51 13,317.95 17,038.27 13,317.95 14,196.87 4 Profit / (Loss) after tax ` in crore 1,900.76 945.68 627.36 2,846.44 356.70 1,924.58 5 Total Borrowings ` in crore 9,245.26 11,562.56 10,552.33 9,245.26 10,552.33 14,333.70 6 Debt Service Coverage Ratio (DSCR) : Not Annualised No. of times 1.89 0.62 0.51 2.75 0.61 0.66 7 Interest Service Coverage Ratio (ISCR) No. of times 11.38 7.74 7.09 9.70 3.72 7.10 8 Current Ratio No. of times 1.29 1.31 1.02 1.29 1.02 1.14 9 Long Term Debt to Working Capital No. of times 1.39 2.03 5.68 1.39 5.68 2.94 10 Bad Debts to Account Receivable Ratio : Not Annualised No. of times - - - - - - 11 Current Liability Ratio No. of times 0.64 0.54 0.58 0.64 0.58 0.63 12 Total Debts to Total Assets No. of times 0.19 0.29 0.30 0.19 0.30 0.32 13 Debtors Turnover : Not Annualised No. of times 5.42 7.10 7.71 11.40 13.73 21.97 14 Inventory Turnover : Not Annualised No. of times 2.57 3.28 3.27 4.95 5.83 9.49 15 Operating Margin % 8.88 2.49 4.95 5.44 2.35 5.32 16 Net Profit Margin % 5.84 2.49 2.77 4.03 0.89 2.17 17 Earnings Per Share : Not Annualised Basic (`) 10.85 5.40 3.58 16.24 2.04 10.98 Diluted (`) 10.85 5.40 3.58 16.24 2.04 10.98 All figures are presented to the nearest two decimals. The basis of computation of above parameters (wherever required) is provided in the table below: Debt Equity Ratio Total Debt / Shareholder's Equity Net Worth Equity Share Capital + Other Equity Debt Service Coverage Ratio (Net Profit after Taxes + Depreciation + Finance Cost + other adjustments like Loss on Discard / Disposal of PPE + net Provisions and Write offs) / (Finance Cost + Current Borrowings) Interest Service Coverage Ratio EBITDA / (Interest & Finance Charges net of amount transferred to expenditure during construction) Current Ratio Current Assets / Current Liabilities Long Term Debt to Working Capital Long Term Debt (including current maturities of long term debts)/(Current Assets - Current Liabilities excluding current maturities of long term debts) Bad Debts to Account Receivable Ratio Bad Debts / Accounts Receivable Current Liability Ratio Current Liabilities / Total Liabilities Total Debts to Total Assets (Long Term Debt + Short Term Debt) / Total Assets Debtors Turnover Sales / Average Trade Receivable Inventory Turnover Sales / Average Inventory Operating Margin (Profit before Exceptional Item and Tax + Finance Cost - Other Income) / Revenue from Operations net of Excise Duty on Sale of Goods Net Profit Margin Profit after Tax for the Period / Revenue from Operations Net of Excise Duty on Sale of Goods 11 Figures for the previous periods have been re-grouped wherever necessary. 12 The Company has assessed all the possible effects that may result from ongoing geo-political conditions. As per the assessment, these are not having significant effect on the carrying amounts of Property, Plant and Equipment, Inventories, Receivables & Other Current Assets and their recoverability. 13 The above results are available on the websites of NSE and BSE at www.nseindia.com and www.bseindia.com respectively and on the Company's website at www.mrpl.co.in.



Remarks

Debt equity ratio Debt Equity Ratio - Total Debt / Shareholder's Equity
Debt service coverage ratio Debt Service Coverage Ration - (Net Profit after Taxes + Depreciation + Finance Cost + other adjustments like Loss on Discard / Disposal of PPE + net Provisions and Write offs) / (Finance Cost + Current Borrowings)
Interest service coverage ratio Interest Service Coverage Ration - EBITDA / (Interest & Finance Charges net of amount transferred to expenditure during construction)


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 19,34,932.00
Capital work-in-progress 93,146.00
Investment property 763.00
Goodwill 37,728.00
Other intangible assets 2,747.00
Intangible assets under development 7,877.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 9,521.00
Non-current financial assets
Non-current investments 500.00
Trade receivables, non-current 0.00
Loans, non-current 22,733.00
Other non-current financial assets
1 Other Financial Assets 14,590.00
Total of other non-current financial assets 14,590.00
Total non-current financial assets 37,823.00
Deferred tax assets (net) 0.00
Other non-current assets
1 Other non-current assets 78,156.00
2 Income Tax Assets (net) 17,461.00
Total of other non-current assets 95,617.00
Total non-current assets 22,20,154.00
2 Current assets
Inventories 16,74,990.00
Current financial asset
Current investments 0.00
Trade receivables, current 7,47,989.00
Cash and cash equivalents 69,361.00
Bank balance other than cash and cash equivalents 8,542.00
Loans, current 3,239.00
Other current financial assets
Total of other current financial assets 14,432.00
Total current financial assets 8,43,563.00
Current tax assets (net) 0.00
Other current assets
1 Other current assets 18,871.00
Total of other current assets 18,871.00
Total current assets 25,37,424.00
3 Non-current assets classified as held for sale 9.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 47,57,587.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,75,266.00
Other equity 15,28,561.00
Total equity attributable to owners of parent 17,03,827.00
Non controlling interest
Total equity 17,03,827.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 8,05,151.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease Liability 85,582.00
Total of other non-current financial liabilities 85,582.00
Total non-current financial liabilities 8,90,733.00
Provisions, non-current 30,321.00
Deferred tax liabilities (net) 1,24,601.00
Deferred government grants, Non-current 46,018.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 10,91,673.00
Current liabilities
Current financial liabilities
Borrowings, current 1,19,375.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 102.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 14,79,360.00
Total Trade payable 14,79,462.00
Other current financial liabilities
1 Lease Liability 10,261.00
2 Other current financial liabilities 94,375.00
Total of other current financial liabilities 1,04,636.00
Total current financial liabilities 17,03,473.00
Other current liabilities 1,73,271.00
1 Other current liabilities 1,73,271.00
Total of other current liabilities 1,73,271.00
Provisions, current 32,885.00
Current tax liabilities (Net) 44,992.00
Deferred government grants, Current 7,466.00
Total current liabilities 19,62,087.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 30,53,760.00
Total equity and liabilites 47,57,587.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of the Defined Benefit Plans (388.00) (777.00)
Total Amount of items that will not be reclassified to profit and loss (388.00) (777.00)
2 Income tax relating to items that will not be reclassified to profit or loss (98.00) (196.00)
3 Amount of items that will be reclassified to profit and loss
1 Effective portion of gains / (losses) on hedging instruments in cash flow hedges (46.00) (31.00)
Total Amount of items that will be reclassified to profit and loss (46.00) (31.00)
4 Income tax relating to items that will be reclassified to profit or loss (12.00) (8.00)
5 Total Other comprehensive income (324.00) (604.00)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 3,73,374.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 52,816.00
Adjustments for decrease (increase) in inventories (2,32,834.00)
Adjustments for decrease (increase) in trade receivables, current (1,81,137.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 25,599.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (106.00)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 4,72,186.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 80,803.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 1,047.00
Adjustments for dividend income 64.00
Adjustments for interest income 2,908.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 49,151.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 2,64,553.00
Net cash flows from (used in) operations 6,37,927.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 37,029.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 6,00,898.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 36.00
Purchase of property, plant and equipment 44,020.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 143.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 886.00
Income taxes paid (refund) 84.00
Other inflows (outflows) of cash 64.00
Net cash flows from (used in) investing activities (42,975.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 29,303.00
Repayments of borrowings 5,38,052.00
Payments of lease liabilities 8,669.00
Dividends paid 0.00
Interest paid 27,592.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (5,45,010.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 12,913.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 12,913.00
Cash and cash equivalents cash flow statement at beginning of period 56,448.00
Cash and cash equivalents cash flow statement at end of period 69,361.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 A RAGHAVENDRA RAO & ASSOCIATES Yes 30-09-2027
2 RAM RAJ & CO. Yes 31-01-2029