MRF Limited announced its audited financial results for the fiscal year ended March 31, 2026. The company reported a consolidated total income of ₹31,654 crore, marking an approximate 11% growth from ₹28,570 crore in the previous year. Consolidated Profit Before Tax (PBT) for the year stood at ₹3,222 crore, a significant increase from ₹2,483 crore in the prior fiscal year. After accounting for a tax expense of ₹796 crore (compared to ₹610 crore previously), the consolidated Net Profit for FY2025-26 rose by 30% to ₹2,426 crore, up from ₹1,873 crore in the previous financial year. The company achieved a healthy operating performance, surpassing the ₹30,000 crore sales milestone, driven by robust growth in both the Replacement and Original Equipment (OE) segments. The launch of new SKUs across various categories, including Truck, Passenger, and Two-Wheelers, contributed to this performance. MRF has also become a preferred supplier of tires to Electric Vehicles, with its tires being fitted on OEM vehicles exported globally. Demand buoyancy, partly due to reduced GST rates, continued into the fourth quarter, positively impacting both Replacement and OE sales. OEMs also experienced high demand, leading to increased tire requirements. To meet future demand across segments, MRF is expanding its manufacturing capacity. However, the ongoing conflict in the Middle East has led to uncontrolled increases in raw material costs and supply chain disruptions, significantly impacting input material costs. MRF has implemented price increases and cost management measures to mitigate these effects and plans further hikes. The forecast of a subnormal monsoon may also adversely affect demand. Due to unpredictable economic conditions and margin pressures, the company is evaluating the potential impact on growth. The Board has recommended a dividend of ₹235/- (2350%) per share of ₹10 each for the financial year 2025-26, which includes two interim dividends of ₹30/- each already paid.
