Mangalore Refinery and Petrochemicals500109Quarterly results
Board meeting outcome: interim dividend declared, Q2 and H1 FY27 results
Board met Oct 14, 2026: interim dividend of ₹3 per equity share (30%) for FY 2026-27; record date Oct 21, 2026, payment on or before Nov 04, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 35,590.40 | 25,953.34 | +37.1% | 41,608.96 | −14.5% |
| Total income | 35,639.91 | 26,014.70 | +37% | 41,679.85 | −14.5% |
| Profit before tax | 2,538.80 | 963.35 | +164% | 1,245.67 | +104% |
| Profit after tax | 1,900.76 | 627.36 | +203% | 945.68 | +101% |
| Total comprehensive income | 1,897.52 | 622.78 | +205% | 942.88 | +101% |
| Basic EPS | 10.85 | 3.58 | +203% | 5.40 | +101% |
- Profit after tax YoY change
- +203% (Year ago 627.36)
- Period
- Quarter Ended 30.09.2026
Also decided at the meeting
- Declared first interim dividend of ₹3 per equity share of ₹10 each (30%) for FY 2026-27.
- Fixed October 21, 2026 as record date for the interim dividend; payment on or before November 04, 2026.
Notes to the results
- Fire at Coker Hydrotreater (CHT) Unit, Phase III: provisional loss of ₹118.76 crore shown as exceptional item; assets insured, replacement value approx ₹225 crore.
- Half-year exceptional items include income of ₹471.76 crore (previous quarter) from revision of petroleum product prices, giving net exceptional income of ₹353.00 Crore.
- Company opted for lower tax rate under Section 200 of Income Tax Act, 2025; effective rate 25.168% vs earlier 34.944%, with MAT credit carry forward allowed.
- JV ONGC Petrochemicals Marketing Limited (OPML) incorporated October 7, 2026; Company holds 25%, ONGC 50%, OPaL 25%.
The board met on October 14, 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with a first interim dividend for FY 2026-27.
Interim dividend and record date
- Interim dividend of ₹3 per fully paid-up equity share of face value ₹10 each, i.e. 30% for FY 2026-27.
- Record date fixed as October 21, 2026; the interim dividend would be paid to eligible shareholders on or before November 04, 2026.
Auditor's review conclusion
- The limited review report states that nothing has come to the auditors' attention that causes them to believe the statement contains any material misstatement.
- The conclusion is not modified. It carries an Emphasis of Matter on the fire incident, described in Note 5 of the results.
Fire at the Coker Hydrotreater (CHT) Unit
- The fire occurred at the CHT Unit in Phase III of the refinery complex and resulted in damage to a portion of Property, Plant and Equipment and intermediary stock.
- The company has provisionally estimated the financial impact at ₹118.76 crore, comprising the estimated carrying value of the damaged plant and equipment, corresponding to an estimated replacement value of approximately ₹225 crore, and losses relating to inventories and other incidental expenses.
- This has been provided for and disclosed as an exceptional item in the results. The final financial impact and insurance claims would be reviewed and recognised appropriately in subsequent reporting periods.
Results highlights (unaudited)
- Standalone, quarter ended September 30, 2026: Revenue from operations ₹35,590.40 crore and Net Profit for the period ₹1,880.89 crore.
- Consolidated, quarter ended September 30, 2026: Net Profit for the period ₹1,900.76 crore.
Other board decision
- A joint venture, ONGC Petrochemicals Marketing Limited, was incorporated on October 7, 2026 to undertake marketing activities relating to petrochemicals, chemicals and kindred products. Transactions between the venture and the company are expected to commence shortly.
₹1,900.76 CrConsolidated Net Profit for the period, quarter ended 30.09.
Profit before tax, year-ago quarter963.35 (₹ Crore)
Profit after tax, quarter945.68 (₹ Crore)
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More numbers
- Interim dividend per equity share for FY 2026-27₹3/-
- Face value per equity share₹10/-
- Interim dividend rate for FY 2026-2730%
- Provisionally estimated financial impact of fire at CHT Unit₹118.76 crore
- Estimated replacement value of damaged Property, Plant and Equipment₹ 225 crore
- Standalone Net Profit for the period, quarter ended 30.09.20261,880.89
- Total income, latest quarter35,639.91 (₹ Crore)
- Total income, year-ago quarter26,014.70 (₹ Crore)
- Total income, previous quarter41,679.85 (₹ Crore)
- Total comprehensive income, latest quarter1,897.52 (₹ Crore)
- Total comprehensive income, year-ago quarter622.78 (₹ Crore)
- Total comprehensive income, previous quarter942.88 (₹ Crore)
- Profit after tax, latest quarter1,900.76 (₹ Crore)
- Profit after tax, year-ago quarter627.36 (₹ Crore)
- Profit after tax, previous quarter945.68 (₹ Crore)
- Revenue from operations, latest quarter35,590.40 (₹ Crore)
- Revenue from operations, year-ago quarter25,953.34 (₹ Crore)
- Revenue from operations, previous quarter41,608.96 (₹ Crore)
- Profit before tax, latest quarter2,538.80 (₹ Crore)
- Profit before tax, year-ago quarter963.35 (₹ Crore)
- Profit before tax, previous quarter1,245.67 (₹ Crore)
- interim_dividend_per_share₹ 3 per equity share
Source: BSE · 14 Oct 2026
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