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Informist, Thursday, May 7, 2026

 

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--MRF Jan-Mar net profit INR 6.80 bln 
--Analysts saw MRF Jan-Mar net profit at INR 6.79 bln 
--MRF Jan-Mar revenue INR 79.08 bln 
--Analysts saw MRF Jan-Mar revenue at INR 80.44 bln 
--MRF Jan-Mar net profit INR 6.80 bln vs INR 4.98 bln year ago 
--MRF Jan-Mar revenue INR 79.08 bln vs INR 69.44 bln year ago 
--MRF to pay INR 229 per share final dividend 
--MRF Jan-Mar raw material cost INR 49.45 bln vs INR 46.80 bln year ago 
--MRF FY26 net profit INR 23.55 bln vs INR 18.23 bln year ago 
--MRF FY26 revenue INR 306.52 bln vs INR 276.65 bln year ago 

 

By Shruti Nair

 

MUMBAI – MRF Ltd. Thursday reported double-digit growth in its bottom line and top line for the March quarter. While the tyre maker met the Street's view on its net profit, it slightly underperformed expectations on its top line. MRF's bottom line grew for third straight quarter, however, the growth was sharply lower than the previous quarter.

 

The company reported a nearly 37% on-year jump in its net profit for the March quarter to INR 6.80 billion, in line with analysts' expectations of INR 6.79 billion. The tyre-maker's revenue for the March quarter rose 14% to INR 79.08 billion against the consensus estimate of INR 80.44 billion. Analysts had expected the company's top line to grow on the back of demand from automobile companies, strong traction in the replacement segment, and decent exports.

 

The company declared final dividend of INR 229 per share.

 

 

On a sequential basis, the company's net profit rose a marginal 0.2%. Brokerages had anticipated a 3–15% sequential fall in the company's bottom line due to higher cost of petroleum-linked raw materials amid the surge in crude oil prices and supply chain disruptions in the wake of the US-Iran war. 

 

The company's total income for the March quarter rose 14% on year to INR 80.41 billion, outpacing the growth in its total expenses, which rose 12% on year to INR 71.57 billion.

 

The company's raw material costs for the March quarter were INR 49.45 billion, up nearly 6% on year. Other expenses rose nearly 23% on year to INR 12.31 billion, while employee benefits expenses rose over 17% on year to INR 5.37 billion.

 

For the financial year 2025–26(Apr-Mar), the company's net profit rose over 29% on year to INR 23.55 billion. The tyre maker's revenue for FY26 rose 11% on year to INR 306.52 billion.  End

 

Reported by Shruti Nair

Edited by Avishek Dutta

 

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