MRPL shares soar 13% after stellar Q1 results. Here's what fueled the rally
Mumbai/IBNS: The share prices of Mangalore Refinery and Petrochemicals Ltd. (MRPL) on Thursday climbed 13% following the first quarter results of financial year 2027, media reports said.
The stock rallied after its revenue for the June quarter surged compared to the January-March period.
This is the biggest single day gain by the Mangaluru-based refiner's stock in the last four months.
Mangalore Refinery and Petrochemicals Ltd. (MRPL) – Q1 FY2027 Results at a Glance
Mangalore Refinery and Petrochemicals Ltd. (MRPL) reported a strong turnaround in the first quarter of FY2027 (April–June 2026), returning to profitability on the back of a sharp rise in revenue and improved operational performance.
Key Financial Highlights
- Revenue from Operations: ₹41,609 crore, nearly doubled from ₹20,989 crore in Q1 FY2026.
- Profit Before Tax (PBT): ₹1,215 crore, compared with a loss of ₹403 crore in the corresponding quarter last year.
- Profit After Tax (PAT): ₹915 crore, against a loss of ₹272 crore in Q1 FY2026.
- EBITDA: ₹1,860 crore, a significant jump from ₹218 crore in the year-ago quarter.
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