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MRF
Quarterly Results Analysis [Sep2026]

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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 & Returns1W1M1Y
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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