A stronger state-owned refiner means steadier fuel supply and more cash flowing back to the country. MRPL, an ONGC arm, reported Q2 net profit of about ₹1,881 crore, up nearly 195% from a year earlier, helped by better refining margins. It declared a ₹3 per share interim dividend, with a record date of 21 October. Fuel margins can swing sharply, so quarterly profits may stay volatile.
