MRF
Quarterly Results Analysis [Sep2026]
MRF Quarterly Results
| Consolidated | Sep2026 UnAudited |
Jun2026 UnAudited |
Mar2026 UnAudited |
Dec2025 UnAudited |
Sep2025 UnAudited |
Jun2025 UnAudited |
Mar2025 UnAudited |
Dec2024 UnAudited |
|---|---|---|---|---|---|---|---|---|
| Revenues | ₹8,660 Cr | ₹8,416 Cr | ₹8,044 Cr | ₹8,050 Cr | ₹7,379 Cr | ₹7,676 Cr | ₹7,075 Cr | ₹7,001 Cr |
| Expenses | ₹7,703 Cr | ₹7,425 Cr | ₹6,739 Cr | ₹6,651 Cr | ₹6,253 Cr | ₹6,605 Cr | ₹6,000 Cr | ₹6,166 Cr |
| Operating Income | ₹958 Cr | ₹991 Cr | ₹1,305 Cr | ₹1,399 Cr | ₹1,126 Cr | ₹1,070 Cr | ₹1,074 Cr | ₹835 Cr |
| Other Income | ₹131 Cr | ₹195 Cr | ₹139 Cr | ₹125 Cr | ₹110 Cr | ₹129 Cr | ₹115 Cr | ₹98 Cr |
| Interest | ₹97 Cr | ₹88 Cr | ₹86 Cr | ₹91 Cr | ₹90 Cr | ₹98 Cr | ₹98 Cr | ₹94 Cr |
| Depreciation | ₹470 Cr | ₹448 Cr | ₹442 Cr | ₹438 Cr | ₹445 Cr | ₹429 Cr | ₹433 Cr | ₹415 Cr |
| Profit Before Tax | ₹522 Cr | ₹650 Cr | ₹930 Cr | ₹917 Cr | ₹700 Cr | ₹672 Cr | ₹659 Cr | ₹424 Cr |
| Profit After Tax | ₹387 Cr | ₹495 Cr | ₹702 Cr | ₹692 Cr | ₹527 Cr | ₹502 Cr | ₹511 Cr | ₹315 Cr |
| EPS | ₹912.71 | ₹1,168.28 | ₹1,656.25 | ₹1,631.67 | ₹1,243.94 | ₹1,183.54 | ₹1,204.01 | ₹744.01 |
| Industry Peers & Returns | 1W | 1M | 1Y |
| MRF | 6% | 2.4% | -19.8% |
| BALKRISHNA INDUSTRIES | 4.2% | 16.3% | 1.1% |
| APOLLO TYRES | 3.1% | 3.8% | -20.2% |
| CEAT | 1.1% | 5.9% | -12.3% |
| JK TYRE & INDUSTRIES | 7.2% | 7.1% | -20.6% |
| TVS SRICHAKRA | 1.2% | -2.5% | 5.8% |
| GOODYEAR INDIA | 4.2% | 2.3% | -29.6% |
| TOLINS TYRES | 3% | -2.1% | -55.7% |
| DOLFIN RUBBERS | -1.5% | 0.4% | -1.8% |
MRF Quarterly Revenues
| Revenues | |
|---|---|
| Q-o-Q | 2.91 % |
| Y-o-Y | 17.37 % |
| Quarters | Revenues | % Change | |
|---|---|---|---|
| Sep2026 | ₹8,660 Cr | 2.91 | |
| Jun2026 | ₹8,416 Cr | 4.62 | |
| Mar2026 | ₹8,044 Cr | -0.08 | |
| Dec2025 | ₹8,050 Cr | 9.10 | |
| Sep2025 | ₹7,379 Cr | -3.87 | |
| Jun2025 | ₹7,676 Cr | 8.49 | |
| Mar2025 | ₹7,075 Cr | 1.06 | |
| Dec2024 | ₹7,001 Cr | - | |
MRF Quarterly Operating Profit
| Operating Profit | |
|---|---|
| Q-o-Q | -3.34 % |
| Y-o-Y | -14.92 % |
| Quarters | Operating Profit | % Change | |
|---|---|---|---|
| Sep2026 | ₹958 Cr | -3.34 | |
| Jun2026 | ₹991 Cr | -24.08 | |
| Mar2026 | ₹1,305 Cr | -6.75 | |
| Dec2025 | ₹1,399 Cr | 24.32 | |
| Sep2025 | ₹1,126 Cr | 5.15 | |
| Jun2025 | ₹1,070 Cr | -0.38 | |
| Mar2025 | ₹1,074 Cr | 28.72 | |
| Dec2024 | ₹835 Cr | - | |
| Operating Margins | |
|---|---|
| Q-o-Q | -6.03 % |
| Y-o-Y | -27.48 % |
| Quarters | Operating Margin% | % Change | |
|---|---|---|---|
| Sep2026 | 11.06% | -6.03 | |
| Jun2026 | 11.77% | -27.44 | |
| Mar2026 | 16.22% | -6.67 | |
| Dec2025 | 17.38% | 13.97 | |
| Sep2025 | 15.25% | 9.32 | |
| Jun2025 | 13.95% | -8.16 | |
| Mar2025 | 15.19% | 27.43 | |
| Dec2024 | 11.92% | - | |
MRF Quarterly Profit After Tax
| Profit After Tax(PAT) | |
|---|---|
| Q-o-Q | -21.88 % |
| Y-o-Y | -26.63 % |
| Quarters | Profit After Tax | % Change | |
|---|---|---|---|
| Sep2026 | ₹387 Cr | -21.88 | |
| Jun2026 | ₹495 Cr | -29.46 | |
| Mar2026 | ₹702 Cr | 1.51 | |
| Dec2025 | ₹692 Cr | 31.17 | |
| Sep2025 | ₹527 Cr | 5.10 | |
| Jun2025 | ₹502 Cr | -1.70 | |
| Mar2025 | ₹511 Cr | 61.83 | |
| Dec2024 | ₹315 Cr | - | |
| PAT Margins | |
|---|---|
| Q-o-Q | -24.11 % |
| Y-o-Y | -37.48 % |
| Quarters | PAT Margin(%) | % Change | |
|---|---|---|---|
| Sep2026 | 4.47 % | -24.11 | |
| Jun2026 | 5.89 % | -32.53 | |
| Mar2026 | 8.73 % | 1.63 | |
| Dec2025 | 8.59 % | 20.14 | |
| Sep2025 | 7.15 % | 9.33 | |
| Jun2025 | 6.54 % | -9.42 | |
| Mar2025 | 7.22 % | 60.09 | |
| Dec2024 | 4.51 % | - | |
MRF Quarterly Earnings Per Share (EPS)
| EPS | |
|---|---|
| Q-o-Q | -21.88 % |
| Y-o-Y | -26.63 % |
| Quarters | EPS | % Change | |
|---|---|---|---|
| Sep2026 | ₹912.71 | -21.88 | |
| Jun2026 | ₹1168.28 | -29.46 | |
| Mar2026 | ₹1656.25 | 1.51 | |
| Dec2025 | ₹1631.67 | 31.17 | |
| Sep2025 | ₹1243.94 | 5.10 | |
| Jun2025 | ₹1183.54 | -1.70 | |
| Mar2025 | ₹1204.01 | 61.83 | |
| Dec2024 | ₹744.01 | - | |
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