MRF's Q2 FY 2025-26 Quarterly Results

Result Summary

• MRF Ltd reported a 4.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 7.0%.
• Its expenses for the quarter were down by 4.8% QoQ and up 6.7% YoY.
• The net profit increased 5.0% QoQ and increased 11.7% YoY.
• The earnings per share (EPS) of MRF Ltd stood at 1239.28 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

MRF Ltd is a renowned company in the tire manufacturing industry, primarily known for its production of rubber products, tires, treads, tubes, and conveyor belts. Established as a leader in its field, MRF Ltd has gained a significant market share in the automotive sector, providing high-quality products both domestically and internationally. The company is also involved in the manufacture of toys, paints, and coats, though its mainstay remains tire production. Notable for its innovation and extensive distribution network, MRF Ltd has maintained a strong presence in the industry. Any recent major developments specific to MRF Ltd are not available in the provided data.

Revenue

During Q2FY26, MRF Ltd reported a total income of ₹7486.82 crores, reflecting a decrease of 4.0% from the previous quarter's income of ₹7802.12 crores. Compared to the same quarter last year, Q2FY25, the total income increased by 7.0%, from ₹6994.30 crores. These figures suggest a moderate year-over-year growth in revenue, while there is a quarter-over-quarter decline. This revenue trend is a crucial indicator of the company's sales performance and market conditions during this period.

Profitability

MRF Ltd's profitability in Q2FY26 is evidenced by a profit before tax (PBT) of ₹698.66 crores, marking a 4.2% increase from the previous quarter's PBT of ₹670.48 crores. Year-over-year, the PBT increased by 10.7% from ₹631.18 crores in Q2FY25. The profit after tax (PAT) for Q2FY26 was ₹525.64 crores, up by 5.0% from ₹500.47 crores in Q1FY26 and showing an 11.7% increase from ₹470.70 crores in Q2FY25. These figures highlight the company's ability to manage expenses effectively and improve profitability over time. Notably, the earnings per share (EPS) for Q2FY26 stood at ₹1239.28, reflecting a similar 5.0% quarter-over-quarter and 11.7% year-over-year growth, indicating enhanced shareholder value.

Operating Metrics

In Q2FY26, MRF Ltd's total expenses were ₹6788.16 crores, representing a 4.8% decrease from ₹7131.64 crores in the previous quarter, Q1FY26. When compared to Q2FY25, total expenses increased by 6.7% from ₹6363.12 crores. The effective management of expenses is a critical component of MRF Ltd's operational strategy. The tax paid for Q2FY26 was ₹173.02 crores, showing an increase of 1.8% from the previous quarter and a 7.8% increase from the same quarter the previous year. These metrics provide insight into the company's cost management efficiencies and tax obligations during this period.