MRF quarterly results and financials

MRF (MRF)₹1,25,105−1.26%(9 Nov 2026 close)Tyres & Rubber Products

Key facts

In the Jun 2026 quarter (consolidated), MRF reported sales of ₹8,435 Cr, up 9.6% from Jun 2025, and net profit of ₹494 Cr, down 1.5% year on year. For the year to Mar 2026, sales were ₹31,220 Cr and net profit ₹2,420 Cr.

Sales (Jun 2026): ₹8,435 Cr
Net profit (Jun 2026): ₹494 Cr
Sales (FY Mar 2026): ₹31,220 Cr
Net profit (FY Mar 2026): ₹2,420 Cr
EPS (Jun 2026): ₹1,165.45
Borrowings (Mar 2026): ₹3,207 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

MRF quarterly results

₹ crore unless stated; each column is a quarter.

MRF Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	6,240	6,177	6,369	7,217	6,896	7,020	7,094	7,693	7,402	8,070	8,062	8,435
Expenses	5,062	5,108	5,433	6,036	5,867	6,159	5,999	6,601	6,251	6,647	6,732	7,422
Operating Profit	1,157	1,055	912	1,160	1,011	835	1,074	1,070	1,126	1,399	1,305	991
OPM %	19.0%	17.0%	14.0%	16.0%	15.0%	12.0%	15.0%	14.0%	15.0%	17.0%	16.0%	12.0%
Other Income	71.22	78.19	94.26	84.20	113	98.29	115	129	108	50.12	153	195
Interest	86.36	90.31	93.39	85.29	84.27	94.34	98.36	98.39	90.35	91.28	86.33	88.30
Depreciation	351	360	385	395	410	415	432	428	444	437	441	448
Profit before tax	788	679	525	760	629	423	657	669	697	916	927	648
Tax %	25.9%	24.9%	25.0%	24.9%	24.9%	25.9%	23.0%	24.9%	24.9%	24.9%	24.0%	23.9%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−56.81	10.97	0.00
Net Profit	586	509	395	570	470	315	509	501	525	694	700	494
EPS (Rs)	1,380.05	1,199.14	931.50	1,343.10	1,107.33	741.99	1,201.39	1,181.30	1,237.75	1,635.94	1,653.28	1,165.45

MRF profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

MRF Profit and loss
	Mar 2016 18m	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	20,225	13,457	14,997	16,112	16,288	16,200	19,381	23,063	25,246	28,229	31,220	31,969
Expenses	15,732	10,763	12,661	13,736	13,844	13,208	17,239	20,597	20,881	24,059	26,210	27,052
Operating Profit	4,439	2,647	2,287	2,317	2,380	2,954	2,061	2,402	4,274	4,088	4,909	4,821
OPM %	22.0%	20.0%	15.0%	14.0%	15.0%	18.0%	11.0%	10.0%	17.0%	15.0%	16.0%	15.1%
Other Income	318	328	331	417	336	206	316	246	307	415	441	507
Interest	363	258	260	274	302	283	264	327	363	369	375	356
Depreciation	736	610	707	807	980	1,140	1,203	1,251	1,429	1,650	1,751	1,771
Profit before tax	3,642	2,102	1,648	1,646	1,429	1,730	904	1,066	2,777	2,474	3,212	3,188
Tax %	30.9%	29.9%	31.9%	32.0%	1.0%	25.9%	25.9%	27.9%	25.0%	25.0%	25.0%	—
Exceptional items	45.83	−1.99	2.99	1.99	9.97	−2.99	3.98	68.82	−7.98	−1.99	−48.87	−45.84
Net Profit	2,505	1,484	1,129	1,129	1,421	1,274	667	768	2,075	1,869	2,420	2,413
EPS (Rs)	5,905.91	3,499.03	2,661.40	2,658.91	3,347.51	3,007.96	1,575.04	1,810.00	4,894.34	4,408.50	5,711.67	5,692.42
Dividend payout %	2.0%	2.0%	2.0%	2.0%	3.0%	5.0%	10.0%	10.0%	4.0%	5.0%	4.0%	—

MRF balance sheet

₹ crore, at each year end.

MRF Balance sheet
	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	3.99	3.99	3.99	3.99	3.99	3.99	3.99	3.99	3.99	3.99	3.99	3.99
Reserves	4,535	7,228	8,645	9,741	10,843	12,204	13,432	14,025	14,705	16,694	18,605	20,964
Borrowings	1,904	2,470	2,338	2,168	2,511	1,855	2,394	3,228	3,017	2,823	3,771	3,207
Other Liabilities	3,375	3,549	4,055	4,555	5,074	5,347	6,747	5,771	6,616	7,290	7,273	7,735
Total Liabilities	9,818	13,251	15,042	16,468	18,432	19,412	22,578	23,029	24,341	26,810	29,653	31,911
Fixed Assets	3,429	4,601	5,492	6,076	6,772	8,855	9,423	9,497	10,100	12,023	13,196	12,952
CWIP	627	1,058	848	1,077	1,401	1,739	1,001	1,232	3,040	2,381	1,168	1,033
Investments	1,084	3,151	3,395	4,161	3,871	1,525	5,900	3,672	3,095	3,394	4,565	3,410
Other Assets	4,677	4,440	5,307	5,154	6,387	7,293	6,254	8,626	8,106	9,013	10,725	14,515
Inventories	1,823	1,896	2,422	2,192	2,987	2,902	2,933	4,119	4,134	4,459	5,615	5,407
Trade receivables	1,709	1,833	1,963	2,144	2,376	2,291	2,138	2,324	2,496	2,902	3,361	3,532
Cash & equivalents	726	124	342	232	104	1,179	169	180	257	344	486	2,177
Total Assets	9,818	13,251	15,042	16,468	18,432	19,412	22,578	23,029	24,341	26,810	29,653	31,911

MRF cash flow

₹ crore, for each year.

MRF Cash flow
	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	1,693	3,033	1,948	2,403	1,249	2,263	4,310	−575	2,743	3,290	1,858	4,574
Cash from investing activity	−1,784	−3,397	−1,388	−2,006	−1,381	−162	−5,069	165	−1,916	−2,372	−2,068	−3,525
Cash from financing activity	67.10	212	−439	−454	42.08	−1,035	−251	425	−842	−870	283	−1,122
Net cash flow	−24.06	−152	125	−53.18	−91.27	1,079	−1,014	12.03	−6.01	55.16	70.14	−69.16
Capex	1,242	2,302	1,365	1,563	1,958	2,744	850	1,702	3,279	2,156	1,306	1,430
Free cash flow	455	738	591	850	−711	−480	3,480	−2,288	−536	1,142	570	3,170
CFO / OP %	109.0%	95.0%	89.0%	126.0%	72.0%	114.0%	164.0%	−18.0%	128.0%	94.0%	60.0%	107.0%

MRF ratios

Working-capital days and returns, by year.

MRF Ratios
	Sep 2014	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	47	33	54	52	54	52	48	44	40	42	44	42
Inventory days	79	62	118	88	113	110	115	120	98	108	115	101
Days payable	51	37	70	64	65	73	130	61	59	65	58	61
Cash conversion cycle	75	57	102	77	101	89	33	103	79	85	100	82
Working capital days	29	0	3	−2	1	4	−42	9	−9	2	7	6
ROCE %	27.0%	49.0%	23.0%	17.0%	15.0%	13.0%	14.0%	7.0%	7.0%	17.0%	14.0%	16.0%

MRF: frequently asked questions

What are the latest quarterly results of MRF?

For the Jun 2026 quarter, MRF reported sales of ₹8,435 Cr, up 9.6% year on year and net profit of ₹494 Cr, down 1.5% year on year. The operating margin was 12.0%.

What is the annual revenue of MRF?

MRF's sales for the year to Mar 2026 were ₹31,220 Cr; over the last twelve months they were ₹31,969 Cr.

What is the net profit of MRF?

Net profit for the year to Mar 2026 was ₹2,420 Cr, and ₹2,413 Cr over the last twelve months. Earnings per share over the same trailing period were ₹5,692.42.

How much debt does MRF have?

MRF reported borrowings of ₹3,207 Cr at Mar 2026, against cash and equivalents of ₹2,177 Cr.

What is the free cash flow of MRF?

Cash from operations was ₹4,574 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹3,170 Cr.

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