Chennai Petroleum vs MRPL: Chennai Petroleum Corporation Limited and Mangalore Refinery and Petrochemicals Limited (MRPL) are among top refinery Public Sector Undertaking (PSUs) that have recently announced second quarter results for the financial year 2026-27.
While Chennai Petro reported a 212% yearly jump in net profit, MRPL’s Q2 profit more than tripled on an annual basis. Both the PSU stocks have also declared dividend for FY27. For investors who closely track development around PSU stocks, here are all the details to know.
The Tamil Nadu-headquartered oil refining company reported a 212% year-on-year jump in its consolidated net profit for the period to ₹2247.03 crore in Q2FY27 against ₹719.19 crore reported in the year ago period.
Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of Oil and Natural Gas Corporation (ONGC), posted a nearly threefold annual jump in its standalone net profit to ₹1,881 crore in the second quarter of FY27, compared with ₹639 crore in the corresponding quarter last year.
Its net consolidated revenue from operations surged to ₹22,055 crore in Q2FY27 against ₹20,033 reported in the corresponding quarter. Chennai Petroleum Corporation Limited’s net revenue stood at ₹29,358 crore reported in the first quarter of financial year 2026-27.