Mangalore Refinery and Petrochemicals (500109) Q1 26/27 earnings summary

Executive summary

• Revenue from operations for Q1 FY27 surged to ₹41,608.96 crore, up 98% year-over-year and 46% sequentially from Q4 FY26.

• Net profit for Q1 FY27 reached ₹945.68 crore, a significant turnaround from a loss of ₹270.66 crore in Q1 FY26.

• Exceptional income of ₹471.76 crore was recognized due to revision of petroleum product prices for supplies made in previous periods.

Financial highlights

• Total income for Q1 FY27 was ₹41,679.85 crore, compared to ₹21,026.69 crore in Q1 FY26 and ₹28,552.24 crore in Q4 FY26.

• EBITDA and operating margins improved, with operating margin at 2.49% in Q1 FY27 versus -1.06% in Q1 FY26.

• Earnings per share (EPS) for Q1 FY27 stood at ₹5.40, up from a loss per share of ₹1.54 in Q1 FY26.

Outlook and guidance

• The company will adopt a lower tax rate of 25.168% from FY27 onwards, down from 34.944%, following amendments to the Income Tax Act.

• Management assessed ongoing geopolitical conditions and found no significant impact on asset recoverability.