The board of Mangalore Refinery and Petrochemicals Limited approved audited standalone and consolidated financial results for the fourth quarter and year ended 31 March 2026. The board meeting was held on 24 April 2026 and approved the accounts for the quarter and the financial year. The company reported revenue from operations for the quarter of Rs 284,930 million (mn). This compares with the prior period figures disclosed in the filing.

Profit before tax for the quarter was Rs 12,350 mn, up from Rs 5,840 mn in the corresponding quarter of the previous year. Profit after tax for the quarter was Rs 1,190 mn compared with Rs 3,830 mn a year earlier. For the year ended 31 March 2026, the company reported revenue from operations of Rs 1,051,550 mn. Profit before tax for the year was Rs 40,220 mn while profit after tax for the year was Rs 19,310 mn.

The filing noted that gross refining margin for the year was eight point two two dollars per barrel compared with four point four five dollars per barrel in the prior year. The company highlighted operational milestones, including the commissioning of the inland marketing terminal, which is now fully operational. The company also expanded its retail network by commissioning 85 new retail outlets during the year, taking the total to 252 outlets. These developments were presented alongside the audited financial statements.

The board recorded that the results reflect improvements in refining margins and marketing reach and that the company received industry recognition for innovation. The company was awarded Innovator of the Year for 2025 by the Federation of Indian Petroleum Industry, an accolade presented by the minister responsible for petroleum and natural gas. The board approved the adoption of the audited financial statements and authorised the release of the press statement and related disclosures. The company will file the audited financial statements and associated documents with the stock exchanges in accordance with regulatory requirements.