| Metric | Value (₹ Cr) | vs Q3 FY25 |
|---|---|---|
| Revenue | 7.1K | 1.1% |
| Total Income | 7.2K | 1.3% |
| Expenditure | 6.5K | 2.2% |
| PBT | 660.73 | 55.8% |
| Net Profit | 512.11 | 62.3% |
| OPM | 15.25% | 17.86pp |
| NPM | 7.12% | 2.68pp |
| EPS | 1,207.48 | 62.3% |
MRF Ltd Reports 12% Growth in Total Income for FY 2024-25, Net Profit Declines
07 May 2025 · 7 May 2025, 06:39 pm
Summary
MRF Ltd, a leading tyre manufacturer, reported a 12% growth in consolidated total income for the year ended 31st March 2025, reaching Rs 28,561 Crores. However, the profit before tax stood at Rs 2479 Crores, a decrease from the previous year's Rs 2787 Crores. The tax expense for the year was Rs 610 Crores, leading to a net profit of Rs 1869 Crores, a decline from the previous year's Rs 2081 Crores. The company's operations saw an increase in exports by around 23%, with all three segments - Replacement, Institutional, and Export - registering strong growth. Despite raw material costs softening in the 4th Quarter, they were partially offset by the Rupee's depreciation against the Dollar. The company effected price increases during the year to offset the impact of increased input costs.
Key Highlights
- 1
12% growth in consolidated total income for FY 2024-25
- 2
Profit before tax decreased by 11% compared to the previous year
- 3
Tax expense for the year was Rs 610 Crores, leading to a net profit decline
- 4
Exports increased by around 23% compared to the previous year
- 5
Price increases during the year to offset the impact of increased input costs
Management Comments
Not specified
Despite the increase in total income, profits for the financial year 2024-2025 declined due to increase in input costs. The Company's consolidated Exports for the year ended 31st March, 2025, was Rs 2321 Crores as against Rs 1887 Crores for the previous financial year ended 31st March, 2024 registering an increase of around 23% when compared to the previous year. In the financial year 2024-25, all the three segments of market viz. Replacement, Institutional and Export registered strong growth. The 4th Quarter continued to register overall growth in Original Equipment, Exports and in Replacement segment. In addition to conventional ICE vehicles, the Company continues to be a significant player in Electric vehicles, supplying tyres to all major Original Equipment Manufacturers in Commercial, Passenger and 2/3 Wheeler segments. A slew of new SKUs launched in various categories like Passenger, Motorcycle, Truck, LCV and OTR have given an impetus to growth in the current year. Raw Material cost marginally softened in the 4th Quarter compared to the levels in 3rd Quarter, which was partially offset by Rupee depreciating against the Dollar. Company effected price increases during the year, which offset the impact of increase in input cost to some extent.
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