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	2016 - 2020
Period Ending	Sep '25 Sep 30, 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	2016 - 2020
Operating Revenue	291,301	281,532	251,692	230,085	193,167	161,632	Upgrade
Other Revenue	178.6	178.6	44.1	65.2	150.9	214.3	Upgrade
Revenue	291,479	281,710	251,736	230,150	193,318	161,846	Upgrade
Revenue Growth (YoY)	9.60%	11.91%	9.38%	19.05%	19.45%	-0.61%	Upgrade
Cost of Revenue	190,863	182,511	153,831	157,171	128,370	95,386	Upgrade
Gross Profit	100,616	99,200	97,905	72,979	64,948	66,460	Upgrade
Selling, General & Admin	21,450	21,084	21,281	18,869	17,331	15,465	Upgrade
Other Operating Expenses	37,248	36,459	33,418	29,628	26,079	20,610	Upgrade
Operating Expenses	75,916	74,079	69,001	61,028	55,463	47,485	Upgrade
Operating Income	24,700	25,121	28,904	11,951	9,486	18,976	Upgrade
Interest Expense	-3,740	-3,538	-3,482	-3,143	-2,494	-2,697	Upgrade
Interest & Investment Income	1,122	1,122	1,040	1,059	1,006	1,273	Upgrade
Currency Exchange Gain (Loss)	-261.8	-261.8	-198	-247	-618.9	-552.9	Upgrade
Other Non Operating Income (Expenses)	452	79.2	160.8	87.7	165.1	117.5	Upgrade
EBT Excluding Unusual Items	22,272	22,522	26,425	9,707	7,544	17,116	Upgrade
Gain (Loss) on Sale of Investments	2,293	2,293	1,602	1,066	1,629	301.2	Upgrade
Gain (Loss) on Sale of Assets	-24.4	-24.4	-106.8	-76.5	-22	-49.1	Upgrade
Asset Writedown	-	-	-45.9	-	-71	-	Upgrade
Pretax Income	24,541	24,790	27,874	10,697	9,079	17,368	Upgrade
Income Tax Expense	6,004	6,097	7,062	3,008	2,387	4,598	Upgrade
Earnings From Continuing Operations	18,537	18,693	20,812	7,689	6,692	12,771	Upgrade
Minority Interest in Earnings	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1	Upgrade
Net Income	18,537	18,693	20,812	7,689	6,692	12,771	Upgrade
Net Income to Common	18,537	18,693	20,812	7,689	6,692	12,771	Upgrade
Net Income Growth	-4.82%	-10.18%	170.66%	14.90%	-47.60%	-10.23%	Upgrade
Shares Outstanding (Basic)	4	4	4	4	4	4	Upgrade
Shares Outstanding (Diluted)	4	4	4	4	4	4	Upgrade
EPS (Basic)	4370.67	4407.49	4907.21	1813.03	1577.95	3011.12	Upgrade
EPS (Diluted)	4370.67	4407.49	4907.21	1813.03	1577.95	3011.12	Upgrade
EPS Growth	-4.82%	-10.18%	170.66%	14.90%	-47.60%	-10.23%	Upgrade
Free Cash Flow	14,175	5,596	11,399	-5,358	-22,850	34,718	Upgrade
Free Cash Flow Per Share	3342.20	1319.53	2687.63	-1263.27	-5387.75	8186.10	Upgrade
Dividend Per Share	235.000	235.000	200.000	175.000	150.000	100.000	Upgrade
Dividend Growth	17.50%	17.50%	14.29%	16.67%	50.00%	-	Upgrade
Gross Margin	34.52%	35.21%	38.89%	31.71%	33.60%	41.06%	Upgrade
Operating Margin	8.47%	8.92%	11.48%	5.19%	4.91%	11.72%	Upgrade
Profit Margin	6.36%	6.64%	8.27%	3.34%	3.46%	7.89%	Upgrade
Free Cash Flow Margin	4.86%	1.99%	4.53%	-2.33%	-11.82%	21.45%	Upgrade
EBITDA	40,433	40,173	41,947	23,482	20,703	29,524	Upgrade
EBITDA Margin	13.87%	14.26%	16.66%	10.20%	10.71%	18.24%	Upgrade
D&A For EBITDA	15,733	15,052	13,043	11,530	11,217	10,548	Upgrade
EBIT	24,700	25,121	28,904	11,951	9,486	18,976	Upgrade
EBIT Margin	8.47%	8.92%	11.48%	5.19%	4.91%	11.72%	Upgrade
Effective Tax Rate	24.46%	24.59%	25.34%	28.12%	26.29%	26.47%	Upgrade
Revenue as Reported	295,754	285,613	254,861	232,612	196,337	163,731	Upgrade
Advertising Expenses	-	1,903	2,960	2,583	2,056	1,188	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.