MRPL posts steady Q4 performance with higher revenue, improved margins
Mangaluru: Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of Oil and Natural Gas Corporation, on April 24 approved its standalone and consolidated financial results for the fourth quarter (Q4 FY 2025–26) and the financial year ended March 31, 2026, during its 274th Board meeting.
For Q4 FY 2025–26, MRPL posted revenue from operations of Rs 28,493 crore, up from Rs 27,602 crore in the corresponding quarter last year. Profit before tax rose significantly to Rs 1,235 crore compared to Rs 584 crore in Q4 FY 2024–25. However, profit after tax dropped to Rs 119 crore from Rs 363 crore, reflecting a steep decline in bottom-line performance.
On an annual basis, the company reported revenue from operations of Rs 1,05,155 crore for FY 2025–26, down from Rs 1,09,280 crore in the previous financial year. Profit before tax surged to Rs 4,022 crore from Rs 113 crore, while net profit rose sharply to Rs 1,931 crore compared to Rs 51 crore in FY 2024–25.
Operationally, MRPL recorded a throughput of 4.35 MMT in Q4 FY 2025–26, slightly lower than 4.64 MMT in the same quarter last year. For the full year, throughput stood at 17.00 MMT compared to 18.18 MMT in FY 2024–25.
The company reported improved gross refining margins (GRM), which stood at 9.22 dollar per barrel for FY 2025–26, more than double the 4.45 dollar per barrel recorded in the previous year.
During the year, MRPL operationalised the Devangonthi Marketing Terminal, enhancing its inland market access. It also commissioned 85 new retail outlets, taking the total number of outlets to 252.
In terms of recognition, MRPL received the ‘FIPI Innovator of the Year (2025)’ award for excellence in refining innovation and indigenous technological development. The award was presented by Hardeep Singh Puri during the India Energy Week.
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Allahabad HC orders probe into 'reinstatement' of teacher in UP's Barabanki
Lucknow (PTI): The Lucknow Bench of the Allahabad High Court on Friday ordered a probe by the special task force (STF) into alleged irregularities in the rejoining of a teacher at City Intermediate College in Barabanki, observing that the reinstatement appeared to be prima facie illegal.
The court also directed the recovery of the salary paid to the teacher during the disputed period.
A bench of Justice Rajeev Singh passed the order on a petition filed by the college management committee. The court expressed doubts over the roles of the District Inspector of Schools (DIOS), Barabanki, the college principal and the teacher concerned and hence, directed a detailed inquiry into the matter.
Taking note of alleged manipulation of records and misleading submissions, the court ordered the immediate transfer of the Barabanki DIOS to ensure a fair probe. It also directed the initiation of disciplinary proceedings against the then joint director of education of the Ayodhya division.
In its order, the court found that the teacher, Abhay Kumar, was initially appointed as an assistant teacher in 2018 but joined an Eklavya Model Residential School in Chhattisgarh as a lecturer in June 2024 without obtaining permission from the management. His subsequent request to retain the lien was rejected.
Despite this, he was allowed to rejoin the Barabanki College in September 2025 on the directions of the joint director of education and the DIOS, and was even paid the salary for October 2025. The court termed the rejoining "wholly illegal" and lacking any legal basis.
The bench also expressed concern over lapses in communication within the education department and directed the Uttar Pradesh chief secretary to ensure that official orders are communicated through email and WhatsApp as well, to prevent disputes.
The matter is next listed for hearing on May 28 when a compliance report is sought.
