MRF Limited Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	311,490	281,532	251,692	230,085	193,167
Other Revenue	-	178.6	44.1	65.2	150.9
Revenue	311,490	281,710	251,736	230,150	193,318
Revenue Growth (YoY)	10.57%	11.91%	9.38%	19.05%	19.45%
Cost of Revenue	195,229	182,511	153,831	157,171	128,370
Gross Profit	116,261	99,200	97,905	72,979	64,948
Selling, General & Admin	20,459	21,084	21,281	18,869	17,331
Other Operating Expenses	46,796	36,459	33,418	29,628	26,079
Operating Expenses	84,791	74,079	69,001	61,028	55,463
Operating Income	31,470	25,121	28,904	11,951	9,486
Interest Expense	-3,662	-3,538	-3,482	-3,143	-2,494
Interest & Investment Income	-	1,122	1,040	1,059	1,006
Currency Exchange Gain (Loss)	-	-261.8	-198	-247	-618.9
Other Non Operating Income (Expenses)	5,046	79.2	160.8	87.7	165.1
EBT Excluding Unusual Items	32,854	22,522	26,425	9,707	7,544
Gain (Loss) on Sale of Investments	-	2,293	1,602	1,066	1,629
Gain (Loss) on Sale of Assets	-	-24.4	-106.8	-76.5	-22
Asset Writedown	-	-	-45.9	-	-71
Other Unusual Items	-632.4	-	-	-	-
Pretax Income	32,221	24,790	27,874	10,697	9,079
Income Tax Expense	7,960	6,097	7,062	3,008	2,387
Earnings From Continuing Operations	24,261	18,693	20,812	7,689	6,692
Minority Interest in Earnings	-	-0.1	-0.1	-0.1	-0.1
Net Income	24,261	18,693	20,812	7,689	6,692
Net Income to Common	24,261	18,693	20,812	7,689	6,692
Net Income Growth	29.79%	-10.18%	170.66%	14.90%	-47.60%
Shares Outstanding (Basic)	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4
EPS (Basic)	5720.39	4407.49	4907.21	1813.03	1577.95
EPS (Diluted)	5720.39	4407.49	4907.21	1813.03	1577.95
EPS Growth	29.79%	-10.18%	170.66%	14.90%	-47.60%
Free Cash Flow	31,561	5,596	11,399	-5,358	-22,850
Free Cash Flow Per Share	7441.51	1319.53	2687.63	-1263.27	-5387.75
Dividend Per Share	235.000	235.000	200.000	175.000	150.000
Dividend Growth	-	17.50%	14.29%	16.67%	50.00%
Gross Margin	37.32%	35.21%	38.89%	31.71%	33.60%
Operating Margin	10.10%	8.92%	11.48%	5.19%	4.91%
Profit Margin	7.79%	6.64%	8.27%	3.34%	3.46%
Free Cash Flow Margin	10.13%	1.99%	4.53%	-2.33%	-11.82%
EBITDA	49,006	40,173	41,947	23,482	20,703
EBITDA Margin	15.73%	14.26%	16.66%	10.20%	10.71%
D&A For EBITDA	17,536	15,052	13,043	11,530	11,217
EBIT	31,470	25,121	28,904	11,951	9,486
EBIT Margin	10.10%	8.92%	11.48%	5.19%	4.91%
Effective Tax Rate	24.70%	24.59%	25.34%	28.12%	26.29%
Revenue as Reported	316,536	285,613	254,861	232,612	196,337
Advertising Expenses	-	1,903	2,960	2,583	2,056

Source: S&P Global Market Intelligence. Standard template. Financial Sources.