Mangalore Refinery and Petrochemicals Ltd (MRPL) reported a consolidated net loss of Rs 272 crore for Q1 FY26, a reversal from last year’s Rs 66 crore profit. The loss is attributed to declining revenue and lower refining margins, with revenue dropping to Rs 20,988 crore. Refinery throughput also decreased, though MRPL achieved a record for April crude oil processing.