MRF (MRF) Q1 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter ended 30th June 2024 were reviewed and approved by the Board on 8th August 2024.

• Both standalone and consolidated results have been subjected to limited review by statutory auditors, with no material misstatements identified.

Financial highlights

• Standalone revenue from operations for Q1 FY25 was ₹7,077.84 crore, up from ₹6,323.28 crore in Q1 FY24.

• Standalone net profit for Q1 FY25 was ₹562.55 crore, compared to ₹581.45 crore in Q1 FY24.

• Consolidated revenue from operations for Q1 FY25 was ₹7,196.45 crore, up from ₹6,440.29 crore in Q1 FY24.

• Consolidated net profit for Q1 FY25 was ₹571.02 crore, compared to ₹588.75 crore in Q1 FY24.

• Basic and diluted EPS (consolidated) for Q1 FY25 stood at ₹1,346.38, versus ₹1,388.19 in Q1 FY24.

Outlook and guidance

• CARE reaffirmed ratings of "CARE AAA" for long-term and "CARE A1+" for short-term banking facilities and NCDs.