Mangalore Refinery and Petrochemicals500109Dividend news update

Board approves interim dividend of Rs. 3 per share (30%) for FY 2026-27; Q2 and H1 FY27 results approved

Interim dividend of Rs. 3 per fully paid equity share of Rs. 10 each, i.e. 30%, for FY 2026-27 declared.

By ScoutQuest · Wed 14 Oct 2026, 8:49 PM IST · 3 min read

Interim Dividend: Rs. 3 per fully paid equity share of Rs. 10 each, i.e. 30%, for FY 2026-27
Record Date: October 21, 2026
Payment Timeline: on or before November 4, 2026

The Board approved an interim dividend of Rs. 3 per fully paid equity share of Rs. 10 each, which works out to 30% for the financial year 2026-27.
The record date fixed to determine which shareholders are eligible is October 21, 2026.
Payment to eligible shareholders will be made on or before November 4, 2026.

Revenue from operations: ₹ 35,590.40 crore for the quarter and ₹ 77,199.36 crore for the half year.
Net profit: ₹ 1,880.89 crore for the quarter and ₹ 2,795.71 crore for the half year.
Total income for the half year: ₹ 77,319.76 crore.
Earnings per share (face value ₹10 each): ₹ 10.73 basic and diluted for the quarter, ₹ 15.95 for the half year.
On a consolidated basis, net profit was ₹ 1,900.76 crore for the quarter and ₹ 2,846.44 crore for the half year.

The notes state that a fire occurred at the Coker Hydrotreater (CHT) Unit located in Phase III of the Refinery Complex on September 30, 2026.
The company has provisionally estimated the financial impact at ₹ 118.76 crore, comprising the estimated carrying value of the damaged property, plant and equipment, corresponding to an estimated replacement value of approximately ₹ 225 crore, and losses relating to inventories and other incidental expenses.
This amount has been provided for and disclosed as an exceptional item in the results for the quarter and half year ended September 30, 2026. The loss will be reviewed and recognised appropriately at subsequent reporting periods, and recognised on fulfilment of the applicable recognition criteria. The auditors have drawn attention to this note as an emphasis of matter and state that their conclusion is not modified in respect of it.

Exceptional items for the half year also include an additional income (net of expenses) of ₹ 471.76 crore of the previous quarter, arising from a revision of certain petroleum product prices on supplies made in the earlier period.

Following amendments made to the Income Tax Act, 2025, the company has decided to exercise the option for the lower tax rate under Section 202 of the Income Tax Act, 2025 from financial year 2026-27 onwards. The effective tax rate is 25.168% against the earlier tax rate of 34.944%.
A joint venture, ONGC Petrochemicals Marketing Limited (OPMCL), was incorporated on October 7, 2026 for marketing petrochemicals, chemicals and kindred products. The company holds 25% equity in OPMCL, with ONGC holding 50% and OPAL holding 25%.

Two things are happening in the same update: a cash payout to shareholders with a stated record date and payment timeline, and the release of the quarter and half year numbers.
The numbers reported for the quarter and half year are profit figures, and the update separately records a one-time impact from the fire at the CHT unit, which has been provided for and shown as an exceptional item.
The company has also stated that it operates in a single segment, the downstream petroleum sector.

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