Mangalore Refinery And Petrochemicals Ltd News
MRPL explores buying Venezuelan oil as it halts Russian crude imports
The US in October sanctioned Russia's two largest oil producers - Rosneft and Lukoil - giving companies until November 21 to wind down dealings with them
 "MRPL explores buying Venezuelan oil as it halts Russian crude imports")
MRPL shares drop 5%; confirms compliance with Russian crude sanctions
MRPL clarified that the company doesn't foresee any negative impacts on sales to European markets, as it has stopped processing Russian crude
 "MRPL shares drop 5%; confirms compliance with Russian crude sanctions")
MRPL Q3 FY26 profit rises nearly 5-fold to ₹1,445 cr, debt down ₹3,577 cr
State-owned Mangalore Refinery and Petrochemicals Limited (MRPL) on Wednesday reported a strong turnaround in its financial performance for the third quarter and the first nine months of FY 2025-26, driven by higher revenues, improved margins and a sharp reduction in borrowings. The Board of Directors of MRPL, a subsidiary of Oil and Natural Gas Corporation (ONGC) and a Schedule A' Mini Ratna Category-I company, approved the standalone and consolidated financial results at its 272nd meeting held on January 14, 2026. For the third quarter ended December 31, 2025, MRPL's revenue from operations rose to Rs 29,720 crore, compared to Rs 25,601 crore in the corresponding period last year. Profit before tax jumped nearly five-fold to Rs 2,214 crore, while profit after tax increased to Rs 1,445 crore, from Rs 304 crore in Q3 of FY25. The company's EBITDA for the quarter stood at Rs 2,824 crore, reflecting improved operational efficiency. During the nine-month period, MRPL recorded revenue
 "MRPL Q3 FY26 profit rises nearly 5-fold to ₹1,445 cr, debt down ₹3,577 cr")
RIL, MRPL, OMCs set for fresh rally, may surge up to 27%: YES Securities
Analysts at YES Securities have recommended a 'BUY' rating on Chennai Petro, MRPL, BPCL and Reliance Industries on the back of upbeat prospects for these oil refining companies.
 "RIL, MRPL, OMCs set for fresh rally, may surge up to 27%: YES Securities")
BSE PSU index hits 52-week high; BHEL, CPCL, MRPL rally up to 17% in 1 week
In the past one week, PSU index has outperformed the market by gaining 1.5 per cent, as against 0.4 per cent decline in the BSE Sensex.
 "BSE PSU index hits 52-week high; BHEL, CPCL, MRPL rally up to 17% in 1 week")
Mangalore Refinery and Petrochemicals shares soar 9% on Q2 results; details
Mangalore Refinery and Petrochemicals share price zoomed 8.83 per cent to log an intra-day high of ₹154.55 per share on the BSE on Thursday
 "Mangalore Refinery and Petrochemicals shares soar 9% on Q2 results; details")
ONGC, RIL, HPCL: Nifty Oil & Gas slips 1%; check reasons, recommendations
Oil & Gas stocks declined in trade after US President Donald Trump threatened to raise tariffs in Indian imports over the purchase of a "massive" amount of Russian crude oil
 "ONGC, RIL, HPCL: Nifty Oil & Gas slips 1%; check reasons, recommendations")