MRF Ltd. reported its Q2 FY25 standalone financial results, showcasing a mixed performance:
- Revenue from Operations: ₹6,760.37 crore, up from ₹6,087.56 crore in Q2 FY24, reflecting an increase of approximately 11.1% YoY. On a QoQ basis, revenue decreased from ₹7,077.84 crore in Q1 FY25, down by 4.5%.
- Profit Before Tax (PBT): ₹610.88 crore in Q2 FY25, down from ₹773.46 crore in Q2 FY24, marking a decline of 21% YoY. PBT also dropped on a QoQ basis from ₹750.88 crore in Q1 FY25, a decrease of 18.6%.
- Net Profit (PAT): ₹455.43 crore in Q2 FY25, lower than ₹571.93 crore in Q2 FY24, showing a 20.4% YoY decline. Compared to Q1 FY25, where PAT was ₹562.55 crore, there was a sequential drop of 19%.
Key Highlights
- The decline in profit is attributed to higher input costs and a slight drop in sales compared to the previous quarter.
- MRF continues to focus on managing operational efficiency, which contributed to maintaining revenue growth on a yearly basis.
MRF’s results indicate challenges in maintaining profitability despite revenue growth, as the company faces higher operational expenses impacting the bottom line.