MRF's Q1 FY 2026-27 Quarterly Results

Result Summary

• MRF Ltd reported a 5.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 10.4%.
• Its expenses for the quarter were up by 9.5% QoQ and 11.6% YoY.
• The net profit decreased 29.5% QoQ and decreased 1.0% YoY.
• The earnings per share (EPS) of MRF Ltd stood at 1167.97 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

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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, one of India's leading manufacturers, is primarily known for its rubber products, with a primary focus on automotive tires. The company operates within the automotive and industrial sectors, and it boasts a wide range of products including tires for various vehicles, conveyor belts, paints, and toys. MRF has a significant presence in both domestic and international markets, with its tire division being a major contributor to its revenues. The company is also recognized for its innovation and quality, holding a strong position in the highly competitive tire industry. As of the information available up to October 2023, no specific recent major developments have been noted.

Revenue

The financial data for MRF Ltd for Q1FY27 shows a total income of ₹8610.56 crores. This represents a 5.2% increase on a quarter-over-quarter (QoQ) basis from Q4FY26's total income of ₹8183.28 crores. Year-over-year (YoY), there is an increase of 10.4% compared to the total income of ₹7802.12 crores in Q1FY26. This growth in revenue indicates a positive trend in MRF's ability to generate income over both the short and long-term periods covered by the data.

Profitability

In terms of profitability, MRF Ltd reported a profit before tax of ₹649.69 crores for Q1FY27, which is a decrease of 30.1% QoQ from ₹929.73 crores in Q4FY26. When compared to Q1FY26's profit before tax of ₹670.48 crores, there is a slight decrease of 3.1% YoY. The profit after tax for Q1FY27 stands at ₹495.35 crores, marking a decrease of 29.5% QoQ from ₹702.25 crores in Q4FY26, and a decrease of 1.0% YoY from ₹500.47 crores in Q1FY26. The decline in profitability metrics suggests a period of reduced earnings despite increased revenues.

Operating Metrics

The total expenses for MRF Ltd in Q1FY27 were reported at ₹7960.87 crores, reflecting an increase of 9.5% QoQ from ₹7267.51 crores in Q4FY26 and an 11.6% increase YoY from ₹7131.64 crores in Q1FY26. This increase in expenses has, in part, impacted the company's profitability. Earnings per share (EPS) for Q1FY27 stands at ₹1167.97, which is a decline of 29.5% QoQ from ₹1655.80 in Q4FY26 and a 1.0% decrease YoY from ₹1180.04 in Q1FY26. The marked increase in expenses relative to income highlights the challenges in cost management or increased operational costs faced during this quarter.