MRMangalore Refinery and Petrochemicals500109Dividend news update

Interim dividend record date fixed at 21 October 2026; Rs. 3 per share (30%) for FY 2026-27

Record date for the first interim dividend of FY 2026-27 has been fixed at 21 October 2026.

By ScoutQuest · Wed 14 Oct 2026, 8:46 PM IST · 3 min read

Interim Dividend Rate

Rs. 3 per fully paid-up equity share of Rs. 10 each, i.e. 30%

Dividend Record Date

21 October 2026

Q2 Net Profit

Rs. 1,880.89 crore

Interim dividend for FY 2026-27, and the record date

The Board of Directors of the company met on 14 October 2026 and declared an interim dividend. The key details:

• Rate: Rs. 3 per fully paid-up equity share of Rs. 10 each, which works out to 30%.
• Record date: 21 October 2026. This is the cut-off day used to decide which shareholders are eligible for the dividend.
• Payment: on or before 4 November 2026.
• This is described as the first interim dividend for the financial year 2026-27.

The same Board meeting approved the un-audited standalone and consolidated financial results for the quarter and half year ended 30 September 2026.

Quarter and half year numbers (standalone)

• Revenue from operations: Rs. 35,590.40 crore for the September 2026 quarter, compared with Rs. 25,953.34 crore in the same quarter a year earlier.
• Net profit: Rs. 1,880.89 crore for the quarter, compared with Rs. 638.67 crore in the same quarter a year earlier.
• Half year net profit: Rs. 2,795.71 crore, compared with Rs. 366.70 crore in the first half of the previous year.
• Basic earnings per share for the quarter: Rs. 10.73.
• Total borrowings: Rs. 9,245.26 crore as at 30 September 2026, against Rs. 14,333.70 crore as at 31 March 2026.

Fire at the Coker Hydrotreater unit

• A fire occurred at the Coker Hydrotreater (CHT) unit located in Phase III of the refinery complex on 30 September 2026.
• Based on a preliminary assessment, the company has provisionally estimated the financial impact at Rs. 118.76 crore. This comprises the estimated carrying value of the damaged Property, Plant and Equipment, corresponding to an estimated replacement value of approximately Rs. 225 crore, and losses relating to inventories and other incidental expenses.
• This provision has been shown as an exceptional item in the results for the period ended 30 September 2026. The company states the affected assets are adequately insured, and that the loss will be reviewed and recognised in subsequent reporting periods as the applicable recognition criteria are met.
• For the half year, exceptional items also include an additional income (net of expenses) of Rs. 471.76 crore from the previous quarter, arising from revision of certain petroleum product prices on supplies made in the earlier period. Together with the Rs. 118.76 crore fire provision, this gives a net exceptional item (income) of Rs. 353.00 crore for the half year.

Tax position

• Following amendments to the Income Tax Act, 2025, the company has decided to exercise the option for the lower tax rate under Section 200 of the Income Tax Act, 2025 from financial year 2026-27 onwards.
• The effective tax rate is stated as 25.168%, against the earlier tax rate of 34.944%. The company is allowed to carry forward the accumulated MAT credit, subject to certain conditions.

New joint venture

• A joint venture named ONGC Petrochemicals Marketing Limited (OPMCL) was incorporated on 7 October 2026 for marketing activities relating to petrochemicals, chemicals and kindred products.
• The company holds a 25% equity stake in OPMCL, with ONGC holding 50% and OPAL holding 25%. Transactions between OPMCL and the company are expected to commence shortly.

How a retail shareholder can read this

The dividend is paid to whoever holds the shares on the record date, 21 October 2026, and the money reaches eligible shareholders on or before 4 November 2026. The results for the quarter show a higher revenue and net profit compared with the same quarter a year earlier, while the fire at the CHT unit has been provided for as a one-time exceptional item in the same period.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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