MRPL’s shares jumped 5.38% to ₹185.35 on the NSE as the company released Q2 FY27 results, reporting a standalone net profit of ₹1,881 crore, a 194% jump from ₹639 crore a year earlier—according to the BSE filing.
Revenue from operations hit ₹35,590 crore, up 37.1% YoY, while profit before tax climbed to ₹2,519 crore, a 161% increase. Earnings before interest, depreciation, tax and amortisation more than doubled to ₹3,210 crore, landing the company above the consensus estimate of ₹2,950 crore—per the company’s filing.
The energy sector’s average net margin on the NSE in the same period was 8.5%, whereas MRPL recorded a net margin of 5.3%, reflecting a tighter cost structure amid rising feedstock costs. Peers such as INOX and Indian Oil saw net profit growth of 42% and 22% respectively, placing MRPL’s 194% jump as one of the sharpest in the segment.
The board also approved a ₹3 per equity share interim dividend, translating to a 30% payout on the ₹10 face value. The dividend aligns with the company’s strategy to return value after securing a BBB‑ rating from Fitch for its first international credit assessment.
MRPL’s next quarterly filing is due on December 15, 2026, with analysts projecting a 25% rise in Q3 revenue driven by higher refining volumes. Management hinted at capacity expansion at the Mangalore terminal, which could boost throughput by 5% in FY28.