Mangalore Refinery and Petrochemicals Ltd (MRPL), a subsidiary of Oil and Natural Gas Corporation (ONGC), announced an interim dividend of ₹4 per share for financial year 2025-26. According to the company's March 3 exchange filing, the dividend is calculated at 40% on fully paid up equity shares of ₹10 each. The company stated that pursuant to Regulation 42 of SEBI (LODR), the dividend will be paid to eligible shareholders on or before April 2, 2026.
The company has fixed Wednesday, March 11, 2026 as the record date for dividend eligibility. As reported by ET Now, this record date determines which shareholders are eligible to receive the interim dividend payment. The dividend will be paid to eligible shareholders on or before April 2, 2026, providing shareholders with approximately one month to complete necessary procedures for dividend receipt.
MRPL shares closed at ₹206.35 on March 6, 2026, representing a 5.09% increase from the previous closing price on BSE. According to BSE data, the company has a market capitalization of ₹36,164.88 crore as of March 8, 2026. The stock's recent performance reflects positive investor sentiment following the dividend announcement.
This interim dividend announcement comes after MRPL did not declare any dividend in the 2025 calendar year, as per BSE corporate actions data. Previously, the company had issued a final dividend of ₹2 for financial year 2024-25 with a record date in August 2024. The current interim dividend represents a significant increase from the previous year's final dividend, indicating improved financial performance.
For the third quarter ended December 31, 2025, MRPL demonstrated strong financial results. According to the company's Q3 FY2026 results, revenue from operations rose to ₹29,720 crore compared to ₹25,601 crore in the corresponding period last year. Profit before tax jumped nearly five-fold to ₹2,214 crore, while profit after tax increased to ₹1,445 crore from ₹304 crore in Q3 of FY25. As reported by ET Now, MRPL is a Schedule 'A' Mini Ratna Category-I company.
