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Informist, Tuesday, Aug. 11, 2026

 

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--MRF Apr-Jun net profit INR 4.74 bln 
--Analysts saw MRF Apr-Jun net profit at INR 5.16 bln 
--MRF Apr-Jun revenue INR 82.92 bln 
--Analysts saw MRF Apr-Jun revenue at INR 86.43 bln 
--MRF Apr-Jun net profit INR 4.74 bln vs INR 4.84 bln year ago 
--MRF Apr-Jun revenue INR 82.92 bln vs INR 75.60 bln year ago 
--MRF Apr-Jun raw material cost INR 58.24 bln vs INR 45.97 bln year ago

--MRF: Higher input cost impacted profitablility in Apr-Jun 

--MRF: Expect impact of high input costs on margins to continue 

--MRF: Took price hikes in Apr-Jun to partially offset high input costs 

 

By Ashutosh Pati and Anand JC

 

MUMBAI – MRF Ltd. Tuesday reported a year-on-year fall in its bottom line for the June quarter, despite a rise in revenues, as its raw material costs grew at the fastest pace in nearly two years. Both net profit and revenue for the quarter were below the Street's expectations. The company's bottom line fell for the first time in four quarters while the top-line growth was the slowest in three.   

 

MRF reported a net profit of INR 4.74 billion for the June quarter, down 2% on year and over 30% on quarter. This was below analysts' expectations of INR 5.16 billion. The company's revenue grew around 10% on year and 5% on quarter to INR 82.92 billion. However, it missed projections of INR 86.43 billion by a wide margin.

 

MRF's cost of materials consumed rose nearly 27% on year to INR 58.24 billion, which pushed its total expenses to INR 78.59 billion, up nearly 12%. The company's other expenses were up over 16% at INR 12.74 billion. Shares of the company dropped after the results, and at 1243 IST, these were 2.5% lower at INR 130,500 on the National Stock Exchange. 

 

 

MRF said it was able to deliver a resilient operating performance in the June quarter because of good demand for its products. Demand from original equipment manufacturers remained buoyant in the reporting quarter as vehicle sales grew across segments, the company said. Further, replacement sales were also healthy, MRF said in a press release. 

 

Yet, the company said higher input costs affected its profitability. "The Company has taken price increases and cost management measures in this quarter which helped to partially offset cost increases. Raw Material prices continue to remain firm due to the ongoing conflict in the Middle East (West Asia)," the company said. MRF expects higher costs to continue impacting its margins, but it did not specify for how long.  End

 

Edited by Akul Nishant Akhoury

 

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