MRF Limited posted its financial results for the third quarter ended December 31, 2024 (Q3 FY25), reflecting solid revenue growth but a sharp decline in profitability due to rising input costs. The company’s revenue from operations increased by 13.6% year-on-year (YoY) to Rs 7,000.8 crore, compared to Rs 6,162.5 crore in the same period last year.
However, net profit for the quarter dropped 38% to Rs 315.5 crore from Rs 509.7 crore in Q3 FY24, impacted by increased expenses and a reduction in operating margins.
Key financial highlights for Q3 FY25:
- Revenue from operations: Rs 7,000.8 crore, up 13.6% YoY from Rs 6,162.5 crore.
- Net profit: Rs 315.5 crore, down 38% YoY from Rs 509.7 crore.
- EBITDA: Rs 835 crore, down 21% from Rs 1,054.5 crore YoY.
- EBITDA margin: 12%, down from 17% in Q3 FY24.
- Total income: Rs 7,099 crore, compared to Rs 6,240 crore YoY.
- Total expenses: Rs 6,675 crore, up from Rs 5,558 crore YoY, primarily due to higher raw material costs.
- Profit before tax: Rs 424 crore, down from Rs 682 crore in Q3 FY24.
The drop in margins highlights the impact of rising costs on the company’s operations. Despite the challenges, MRF remains well-positioned to drive long-term growth, supported by its robust product portfolio and expanding demand in the automotive sector.
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