MRF (MRF) Q3 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter and nine months ended 31st December 2024 were approved and released, with a second interim dividend of Rs.3 per share declared, payable after 25th February 2025.

• Both standalone and consolidated results have been reviewed by statutory auditors, with no material misstatements identified.

Financial highlights

• Standalone revenue from operations for the quarter was Rs.6,883.17 crore, up from Rs.6,047.79 crore year-over-year; nine-month revenue was Rs.20,721.38 crore, up from Rs.18,458.63 crore.

• Standalone net profit for the quarter was Rs.306.72 crore, down from Rs.508.02 crore year-over-year; nine-month net profit was Rs.1,324.70 crore, down from Rs.1,661.40 crore.

• Consolidated revenue from operations for the quarter was Rs.7,098.90 crore, up from Rs.6,162.46 crore year-over-year; nine-month revenue was Rs.21,078.36 crore, up from Rs.18,819.85 crore.

• Consolidated net profit for the quarter was Rs.315.46 crore, down from Rs.509.71 crore year-over-year; nine-month net profit was Rs.1,357.18 crore, down from Rs.1,685.12 crore.

Outlook and guidance

• The Board declared a second interim dividend of Rs.3 per share, with a record date of 14th February 2025.