MRPL Q2 Results: Can the Refiner Repeat Its Q1 FY27 Turnaround?

The Mangalore Refinery and Petrochemicals Q2 results FY27 print is the next earnings event for this ONGC subsidiary and Mangaluru-based refiner, whose Q1 FY27 profit recovery came with an important asterisk attached.

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When Is the Mangalore Refinery and Petrochemicals Q2 Results FY27 Date?

Not officially confirmed for the September 2026 quarter as of this writing. Q2 FY26 was reported October 15, 2025.

Mangalore Refinery and Petrochemicals Q2 Results Expectations

No verified consensus estimate is available. The key question for Q2 FY27 is whether operating performance can sustain without the one-time gain that boosted Q1 FY27's headline profit, since EBITDA already declined 26.1% sequentially in Q1 FY27.

Mangalore Refinery and Petrochemicals Previous Quarter Performance (Q1 FY27)

Consolidated revenue Rs 41,608.96 crore (+46.12% YoY), consolidated PAT Rs 945.68 crore, PBT Rs 1,245.67 crore, EBITDA Rs 1,860 crore (nearly 8x YoY but down 26.1% sequentially). The quarter included a one-time exceptional gain of Rs 471.76 crore. Refinery throughput was 4.43 MMT (+25.85% YoY).

Mangalore Refinery and Petrochemicals Q2 FY26 Base Quarter

Revenue Rs 25,953 crore, PBT Rs 975 crore, PAT Rs 638.67 crore, EBITDA Rs 1,565 crore, throughput 4.43 MMT.

Mangalore Refinery and Petrochemicals Recent Quarterly Trend

Key Factors That Could Shape Mangalore Refinery and Petrochemicals Q2 Results FY27

• Gross Refining Margins, which swing with crude and product price spreads
• The one-off Rs 471.76 crore exceptional gain in Q1 FY27, which will not repeat
• Refinery throughput and utilisation, running near capacity at 4.43 MMT
• Export revenue trends, which fell 30.9% QoQ in Q1 FY27
• New PNGRB authorisation for an ATF pipeline to Kempegowda International Airport

Mangalore Refinery and Petrochemicals Q2 Results FY27: Valuation Going Into the Print

MRPL's market capitalisation stood at roughly Rs 30,180 crore as of mid-July 2026, at a share price near Rs 172. As a state-linked refiner with earnings tied to volatile global refining margins and a one-time gain inflating the latest quarter's trailing EPS, its P/E is not a stable reference point right now – investors typically look at EV/EBITDA or replacement-value metrics for refiners rather than trailing P/E in a quarter with exceptional items.

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What Investors Should Watch When Mangalore Refinery and Petrochemicals Q2 Results Are Announced

• Whether EBITDA recovers from Q1 FY27's sequential decline once the one-time gain washes out
• Refining margin trends
• Export revenue recovery

Conclusion on Mangalore Refinery and Petrochemicals Q2 Results FY27

MRPL's Q2 FY27 print will be watched to see whether operating performance, not one-time gains, drives the next result, against a Q2 FY26 base of Rs 638.67 crore PAT.

FAQs on Mangalore Refinery and Petrochemicals Q2 Results FY27

What is the MRPL Q2 results date for FY27?

Ans. Not officially confirmed as of this writing; Q2 FY26 was reported October 15, 2025.

What were MRPL's Q1 FY27 results?

Ans. Consolidated revenue of Rs 41,608.96 crore and consolidated PAT of Rs 945.68 crore, swinging from a loss a year earlier, aided by a Rs 471.76 crore one-time gain.

What was the Q2 FY26 base quarter for MRPL?

Ans. Revenue of Rs 25,953 crore and PAT of Rs 638.67 crore, itself a turnaround quarter.

Is MRPL a buy ahead of Q2 results?

Ans. This article offers no buy, sell or hold recommendation; consult a SEBI-registered advisor.

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