MRPL posts ₹915 crore Q1 FY27 profit as revenue climbs to ₹41,609 crore
India's state-owned refiner MRPL reported a sharp YoY earnings reversal, driven by a one-off ₹471.76 crore exceptional gain from prior-period product price revisions and improved refining margins, alongside higher crude throughput. While supportive for downstream oil-sector risk sentiment, the idiosyncratic nature of the uplift and limited global scale make near-term read-through to broader energy markets modest.
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Mangalore Refinery and Petrochemicals Ltd reported a standalone net profit of ₹915 crore in Q1 FY27, reversing a ₹272 crore loss a year earlier. Revenue from operations rose to ₹41,609 crore from ₹20,989 crore, while EBITDA increased to ₹1,860 crore from ₹218 crore. The turnaround was driven by ₹471.76 crore in exceptional income tied to a revision in petroleum product prices for supplies made in the previous period, along with improved refining margins.