MRPL declares ₹4 interim dividend for FY26; sets March 11 as record date

On Monday (March 2), shares of Mangalore Refinery and Petrochemicals Limited ended at ₹187.95, down by ₹8.70, or 4.42%, on the BSE. State-run Mangalore Refinery and Petrochemicals Ltd (MRPL) on Tuesday said its board of directors has approved an interim dividend for the financial year 2025-26. The board declared an interim dividend of ₹4 per fully paid-up equity share of ₹10 each, translating to 40% for FY26. The company has fixed Wednesday, March 11, 2026, as the record date for ascertaining the eligibility of shareholders for payment of the interim dividend. The interim dividend will be paid to eligible shareholders on or before April 2, 2026. Third Quarter Results Net profit for the period stood at ₹1,451 crore, compared to ₹627 crore during the September quarter. Revenue for the period grew 9% from the September quarter to ₹24,712 crore from ₹22,684 crore. The revenue numbers are adjusted for the excise duty component. Also Read: MRPL swings to a loss in June quarter as refining margin shrinks further Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the period increased to ₹2,784 crore from ₹1,489 crore in September. EBITDA margin expanded by nearly 500 basis points to 11.3% from 6.6% in the previous quarter. On Monday (March 2), shares of Mangalore Refinery and Petrochemicals Limited ended at ₹187.95, down by ₹8.70, or 4.42%, on the BSE. Also Read: HPCL, BPCL, Indian Oil shares surge on Petroleum Minister remarks — Explained (Edited by : Jomy Jos Pullokaran )