Mangalore Refinery Q2 Results: A Swing to Profit and 31% Revenue Rise

Mangalore Refinery and Petrochemicals Ltd. has swung to profit in the second quarter of this financial year, posting a consolidated profit of Rs 627 crore in the quarter ended September. This is in comparison to a loss of Rs 271 crore in the previous quarter, according to its stock exchange notification on Wednesday.

Revenue and Operating Income

Revenue increased 30.5% quarter-on-quarter for the three months ended September, reaching Rs 22,649 crore. Operating income, or earnings before interest, taxes, depreciation, and amortisation, surged to Rs 1,489 crore. The Ebitda margin was at 6.6%. For more information on stock market news, visit our website.

First Half Performance

Revenue from operations in the first half of this fiscal decreased to Rs 46,941 core in comparison to Rs 56,075 crore posted in the same period of the previous fiscal. The profit for the first half of financial year 2026 stood at Rs 367 crore in comparison to the loss posted in the first six months of the previous fiscal.

Devangonthi Terminal Performance

The company’s Devangonthi terminal achieved the highest monthly dispatch of 65.40 TKL during September 2025. This is a significant milestone for the company, indicating a strong operational performance. To learn more about Indian stock market trends, click here.

Stock Performance

The quarterly earnings were shared after market hours. The stock settled 0.77% higher at Rs 142.10 apiece on the NSE, compared to a 0.71% advance in the benchmark Nifty. Mangalore Refinery and Petrochemicals’s shares have fallen 16.35% in the last 12 months and 4.25% year-to-date. For the latest updates on Nifty and Sensex news, visit our website.

Analyst Ratings

Out of the four analysts tracking the company, two maintain a ‘buy’ rating and two suggest ‘sell’, according to Bloomberg data. The average 12-month consensus price target of Rs 139.25 implies a downside of 2%. To get more insights on stock market analysis, click here.

Conclusion

Mangalore Refinery and Petrochemicals Ltd.’s Q2 results indicate a positive trend for the company, with a significant swing to profit and revenue rise. However, the stock’s performance has been lackluster in the last 12 months. Investors should keep a close eye on the company’s future performance and investing in the Indian stock market requires careful consideration of various factors.