MRF Ltd's Q3FY25 Quarter Results
- 07 Feb 2025
Result Summary
- MRF Ltd reported a 1.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 13.8%.
- Its expenses for the quarter were up by 4.9% QoQ and 20.1% YoY.
- The net profit decreased 33.0% QoQ and decreased 38.1% YoY.
- The earnings per share (EPS) of MRF Ltd stood at 743.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 7098.90 | 6994.30 | 6240.08 | 1.5% | 13.8% |
Total Expenses | 6674.72 | 6363.12 | 5557.67 | 4.9% | 20.1% |
Profit Before Tax | 424.18 | 631.18 | 682.41 | -32.8% | -37.8% |
Tax | 108.72 | 160.48 | 172.70 | -32.3% | -37.0% |
Profit After Tax | 315.46 | 470.70 | 509.71 | -33.0% | -38.1% |
Earnings Per Share | 743.80 | 1109.80 | 1201.80 | -33.0% | -38.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
MRF Ltd, based in India, is one of the country's leading tyre manufacturers. The company operates in the automotive sector, primarily focusing on the production and distribution of tyres for a variety of vehicles including cars, trucks, and two-wheelers. MRF Ltd is recognized for its extensive range of products that cater to both domestic and international markets. The company has established a strong presence in the industry through continuous innovation and a commitment to quality. While the latest developments for MRF Ltd are not specified in the provided data, the company has historically been involved in expansions and partnerships to enhance its market reach and production capabilities.
Revenue
For the third quarter of fiscal year 2025 (Q3FY25), MRF Ltd reported a total income of ₹7,098.90 crores. This represents an increase of 1.5% compared to the previous quarter (Q2FY25), where the total income was ₹6,994.30 crores. On a year-over-year basis, the total income showed a substantial growth of 13.8% from ₹6,240.08 crores in Q3FY24. This upward trend in revenue reflects the company's ability to maintain and possibly expand its market share in a competitive industry.
Profitability
During Q3FY25, MRF Ltd's profit before tax was ₹424.18 crores, showing a decline of 32.8% from ₹631.18 crores in Q2FY25. Compared to the same quarter in the previous year (Q3FY24), which recorded a profit before tax of ₹682.41 crores, there is a decrease of 37.8%. The company also reported a profit after tax of ₹315.46 crores for Q3FY25, down 33.0% from the previous quarter and 38.1% from the same quarter last year. Earnings per share (EPS) for Q3FY25 stood at ₹743.80, reflecting similar declines on both a quarterly and annual basis. These figures indicate a reduction in profitability despite the increase in total income.
Operating Metrics
Total expenses for MRF Ltd during Q3FY25 amounted to ₹6,674.72 crores, which is a 4.9% increase from the previous quarter's ₹6,363.12 crores. Year-over-year, total expenses rose by 20.1% from ₹5,557.67 crores in Q3FY24. The tax expense for the third quarter of FY25 was ₹108.72 crores, showing a decrease of 32.3% from Q2FY25 and 37.0% from Q3FY24. The financial data indicates that while the company has managed to increase its revenue, the rise in total expenses has impacted its overall profitability, as reflected in the reduced profit margins and earnings per share.
