3 days ago
- Automotive
- United News of India
MRF logs lower net on higher revenue in Q1
Chennai, Aug 12 (UNI) Automotive tyre major MRF Ltd on Tuesday said it closed the quarter ended 30th June 2025 with a higher revenue and lower net.
The company said during the first quarter of FY26 it has logged a standalone operational revenue of Rs.7,560.28 crore (Q1FY25 Rs.7,077.84 crore) and a net profit of Rs.484.23 crore (Rs.562.55 crore).
On a consolidated basis, for the period under review, the company's total income stood at Rs 7,802 crore (Rs. 7,280 crore).
The consolidated net profit for the quarter ended 30th June, 2025 is Rs. 500 crore (Rs.571 crore).
Despite the increase in total income, profits for the quarter ended 30th June, 2025, declined due to an increase in input costs, MRF said in a statement.
According to the company, the first quarter of the financial year normally sees an uptick in demand for vehicles, and therefore sales to vehicle makers improve along with improvement in replacement demand.
But April 2025 started with a tariff issue, which was followed by a war in May and then early monsoons.
This led to subdued market sentiments. New vehicle sales across categories were negative or flat except for the farm segment, which was unaffected by any of the above disruptions.
UNI VJ ARN
