MRF (MRF) Q2 24/25 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated results for the quarter and half year ended 30th September 2024, with an interim dividend of Rs.3 per share declared, record date set for 19th November 2024.

• Statutory auditors issued limited review reports with no material misstatements identified in both standalone and consolidated results.

Financial highlights

• Standalone revenue from operations for Q2 FY25 was Rs.6,760.37 crore, up from Rs.6,087.56 crore in Q2 FY24; half-year revenue at Rs.13,838.21 crore versus Rs.12,410.84 crore year-over-year.

• Standalone net profit for Q2 FY25 was Rs.455.43 crore, compared to Rs.571.93 crore in Q2 FY24; half-year net profit at Rs.1,017.98 crore versus Rs.1,153.38 crore year-over-year.

• Consolidated revenue from operations for Q2 FY25 was Rs.6,881.09 crore, up from Rs.6,217.10 crore in Q2 FY24; half-year revenue at Rs.14,077.54 crore versus Rs.12,657.39 crore year-over-year.

• Consolidated net profit for Q2 FY25 was Rs.470.70 crore, compared to Rs.586.66 crore in Q2 FY24; half-year net profit at Rs.1,041.72 crore versus Rs.1,175.41 crore year-over-year.

Outlook and guidance

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