India, April 25 -- Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of Oil and Natural Gas Corporation (ONGC), reported a sharp improvement in profitability for FY26, even as revenue moderated. The company's board approved its standalone and consolidated results for Q4 and the full year ended March 31, 2026, at its meeting on April 24.

For Q4 FY26, revenue from operations rose to 28,493 crore from 27,602 crore a year earlier. Profit before tax more than doubled to 1,235 crore, compared to 584 crore in Q4 FY25. However, net profit declined to 119 crore from 363 crore, reflecting margin pressures and cost dynamics.

On a full-year basis, MRPL posted a strong earnings rebound. Revenue stood at 1,05,155 crore, slightly low...