MRF Q1 Results: PAT dips 6% YoY to Rs 479 crore; shares fall 3% amid sharp margin contraction

One of India’s leading tyre makers, MRF, on Tuesday reported a net profit of Rs 479.25 crore for the first quarter of the financial year 2027. This marks a 6.52% year-on-year (YoY) decline from the Rs 512.67 crore reported in the same quarter last year.

The company’s revenue from operations came in at Rs 8,415.50 crore, registering a 10% YoY increase from Rs 7,675.64 crore posted in the corresponding quarter of the previous financial year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) fell 7.46% YoY to Rs 990.63 crore from Rs 1,070.43 crore. The EBITDA margin declined to 11.77% from 13.95% in the corresponding quarter last year, the company said in a regulatory filing.


The company’s total expenses rose to Rs 7,961 crore, up sharply from Rs 7,132 crore reported in the same period of the previous financial year. The cost of materials consumed stood at Rs 5,584 crore, up Rs 961 crore from Rs 4,623 crore in the same quarter last year.

Following the results, MRF shares dipped 3%, or Rs 4,280, to trade at Rs 1,29,570 per share. The stock is down 14% since the beginning of the year but has gained around 65% over the past five years. MRF has not declared any dividend for the quarter under review.

MRF’s earnings per share (EPS) stood at Rs 1,167.97 in Q1FY27, compared with Rs 1,655.80 in Q4FY26 and Rs 1,183.22 in Q1FY26. For FY26, EPS stood at Rs 5,720.39. Basic and diluted EPS were the same across all periods, the company’s regulatory filing showed on Tuesday.

Along with its Q1 results, MRF also announced a slew of management changes. The company said the appointments of Prasanth Puliakottu, Senior General Manager - ITS and Head of Information Technology Services, and Santhosh Mathew, Senior General Manager - HRS and Head of Human Resources & Services, as Senior Management Personnel took effect from August 11, 2026.

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