Mangalore Refinery and Petrochemicals Ltd

MRPL’s Growth & Expansion: Retail Outlets, SAF Project & Strong Q2 Results 📈

- MRPL has commissioned 185 retail outlets, targeting 250+ by year-end, adding 100-130 annually.

- Sustainable Aviation Fuel (SAF) project aims for 20 kilolitres/day, compliance by Jan 2027.

- Q2 revenue: ₹25,953 Cr, EBITDA: ₹1,565 Cr, PAT: ₹639 Cr—showing strong growth.

- Q3 crude processing expected to exceed 4.43 MMT, with strong refining margins in Oct.

- Fuel & loss at 10.42%, likely normalizing to ~10% for rest of fiscal year.

- Russian crude makes up 30-40% of sourcing, subject to geopolitical shifts.

- Retail outlets to include CNG & EV chargers alongside traditional fuels.

- Phase 4 expansion & petrochemical diversification under review.

- Isobutyl benzene project nearing completion, trials by mid-Nov 2025.

- CAPEX at ₹1,500 Cr, may rise with Phase 4 developments.

- Domestic diesel demand up 3%, gasoline up 7% YoY.

- Energy transition focus: biofuel blending & decarbonization projects.