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EquityWireEarnings Review: MRF Q3 PAT more than doubles YoY; growth highest in 8 quarters
Earnings Review

MRF Q3 PAT more than doubles YoY; growth highest in 8 quarters

This story was originally published at 14:53 IST on 6 February 2026
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Informist, Friday, Feb. 6, 2026

 

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--MRF Oct-Dec net profit from continuing ops INR 6.79 bln 
--MRF Oct-Dec revenue INR 79.34 bln 
--MRF to pay INR 3 per share interim dividend 
--MRF interim dividend record date Feb 13 
--MRF Oct-Dec net profit from continuing ops INR 6.79 bln vs INR 3.07 bln 
--MRF Oct-Dec revenue INR 79.34 bln vs INR 68.83 bln year ago 
--MRF Apr-Dec PAT from continuing ops INR 16.75 bln vs INR 13.25 bln yr ago 
--MRF Apr-Dec revenue INR 227.44 bln vs INR 207.21 bln year ago 
--MRF Oct-Dec operating margin 11.70% vs 5.63% year ago 
--MRF Oct-Dec raw material cost INR 46.55 bln vs INR 46.34 bln year ago

 

By Arundathi A R

 

MUMBAI – MRF Ltd.'s net profit from continuing operations for the December quarter rose more than two times from the year ago quarter. This was the highest pace of on-year growth in the company's net profit in eight quarters. The company's revenue for the quarter rose in double digits on year, which was the highest on-year growth in 13 quarters. 

 

The Chennai-based tyre maker's net profit from continuing operations rose over 121% on year to INR 6.79 billion. On a sequential basis, the net profit rose nearly 33%. The company's revenue for the quarter rose over 15% on year to INR 79.34 billion. The company announced an interim dividend of INR 3 per share. The record date for payment of interim dividend is Feb. 13.

 

The rise in the company's total expenses was lower than the growth in revenue for the quarter. Total expenses rose nearly 8% on year to INR 70.79 billion. Sequentially, the expenses grew over 6%. However, MRF's raw material costs rose marginally on year to INR 46.55 billion in Oct-Dec.

 

Employee benefit expenses for the quarter rose over 9% on year to INR 5.09 billion. Other expenses rose over 12% on year to INR 11.36 billion. The expenditure on account of change in inventories of finished goods, stock-in-trade and work-in-progress was INR 2.60 billion. In the year-ago quarter, there was a reversal of INR 373.5 million on this account.

 

For the nine months ended December, the company's net profit from continuing operations was INR 16.75 billion, up over 26% on year. Revenue from operations for the period rose nearly 10% on year to INR 227.44 billion. The company's operating margin for the quarter was 11.70%, up from 5.63% from the corresponding quarter a year ago.

 

At 1449 IST, shares of MRF were up nearly 9% at INR 146,700 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Ashish Shirke

 

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