MRF Limited Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Operating Revenue	301,797	281,532	251,692	230,085	193,167	161,632
Other Revenue	178.6	178.6	44.1	65.2	150.9	214.3
Revenue	301,975	281,710	251,736	230,150	193,318	161,846
Revenue Growth (YoY)	10.08%	11.91%	9.38%	19.05%	19.45%	-0.61%
Cost of Revenue	194,070	182,511	153,831	157,171	128,370	95,386
Gross Profit	107,906	99,200	97,905	72,979	64,948	66,460
Selling, General & Admin	21,892	21,084	21,281	18,869	17,331	15,465
Other Operating Expenses	38,451	36,459	33,418	29,628	26,079	20,610
Operating Expenses	77,791	74,079	69,001	61,028	55,463	47,485
Operating Income	30,115	25,121	28,904	11,951	9,486	18,976
Interest Expense	-3,716	-3,538	-3,482	-3,143	-2,494	-2,697
Interest & Investment Income	1,122	1,122	1,040	1,059	1,006	1,273
Currency Exchange Gain (Loss)	-261.8	-261.8	-198	-247	-618.9	-552.9
Other Non Operating Income (Expenses)	717	79.2	160.8	87.7	165.1	117.5
EBT Excluding Unusual Items	27,976	22,522	26,425	9,707	7,544	17,116
Gain (Loss) on Sale of Investments	2,293	2,293	1,602	1,066	1,629	301.2
Gain (Loss) on Sale of Assets	-24.4	-24.4	-106.8	-76.5	-22	-49.1
Asset Writedown	-	-	-45.9	-	-71	-
Pretax Income	29,472	24,790	27,874	10,697	9,079	17,368
Income Tax Expense	7,172	6,097	7,062	3,008	2,387	4,598
Earnings From Continuing Operations	22,301	18,693	20,812	7,689	6,692	12,771
Minority Interest in Earnings	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1
Net Income	22,300	18,693	20,812	7,689	6,692	12,771
Net Income to Common	22,300	18,693	20,812	7,689	6,692	12,771
Net Income Growth	27.19%	-10.18%	170.66%	14.90%	-47.60%	-10.23%
Shares Outstanding (Basic)	4	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4	4
EPS (Basic)	5258.10	4407.49	4907.21	1813.03	1577.95	3011.12
EPS (Diluted)	5258.10	4407.49	4907.21	1813.03	1577.95	3011.12
EPS Growth	27.19%	-10.18%	170.66%	14.90%	-47.60%	-10.23%
Free Cash Flow	-	5,596	11,399	-5,358	-22,850	34,718
Free Cash Flow Per Share	-	1319.53	2687.63	-1263.27	-5387.75	8186.10
Dividend Per Share	235.000	235.000	200.000	175.000	150.000	100.000
Dividend Growth	17.50%	17.50%	14.29%	16.67%	50.00%	-
Gross Margin	35.73%	35.21%	38.89%	31.71%	33.60%	41.06%
Operating Margin	9.97%	8.92%	11.48%	5.19%	4.91%	11.72%
Profit Margin	7.38%	6.64%	8.27%	3.34%	3.46%	7.89%
Free Cash Flow Margin	-	1.99%	4.53%	-2.33%	-11.82%	21.45%
EBITDA	46,674	40,173	41,947	23,482	20,703	29,524
EBITDA Margin	15.46%	14.26%	16.66%	10.20%	10.71%	18.24%
D&A For EBITDA	16,559	15,052	13,043	11,530	11,217	10,548
EBIT	30,115	25,121	28,904	11,951	9,486	18,976
EBIT Margin	9.97%	8.92%	11.48%	5.19%	4.91%	11.72%
Effective Tax Rate	24.33%	24.59%	25.34%	28.12%	26.29%	26.47%
Revenue as Reported	306,516	285,613	254,861	232,612	196,337	163,731
Advertising Expenses	-	1,903	2,960	2,583	2,056	1,188

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.