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MRF Q2 Results FY24-25 Highlights: Cons Revenue at ₹6,881.09 Crore Up 10.68%, PAT at ₹470.70 Crore, Down 19.76%

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Synopsis:

MRF Limited reported consolidated revenue of ₹6,881.09 crore for Q2 FY24-25, marking a 10.68% YoY increase from ₹6,217.10 crore in the same quarter last year. The Profit After Tax (PAT) was ₹470.70 crore, down by 19.76% YoY due to rising input costs and financial expenses.

Key Highlights/Quick Insights

  • Revenue: ₹6,881.09 crore (up 10.68% YoY)
  • PAT: ₹470.70 crore (down 19.76% YoY)
  • Net Margin: 6.83%
  • EBITDA: ₹1,041.72 crore, reflecting a margin of 15.14%
  • Total Expenses: ₹6,363.12 crore, up 15.75% YoY

MRF LTD

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120624.6-299.54 (-0.24 %)

Updated - 13 November 2024
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Quarterly Performance Overview

MRF’s consolidated revenue grew to ₹6,881.09 crore for the quarter ended September 30, 2024, an increase of 10.68% YoY. The PAT decreased by 19.76% YoY, reaching ₹470.70 crore compared to ₹586.66 crore in Q2 FY24. This decline in profitability was largely influenced by higher raw material costs and finance expenses, even as operational revenues climbed. Key growth drivers included improved sales volumes and diversification strategies in emerging markets.

Segment Highlights

  • Core Operations: Increased sales volume, supported by strategic market penetration efforts.
  • Cost Challenges: Escalation in raw material and energy costs impacted margins.
  • International Markets: Continued expansion of market reach, contributing positively to overall revenues.

Sector Expectations and Market Context

MRF’s performance in Q2 FY24-25 underscores resilience in a challenging macroeconomic environment. The impact of higher input costs and increased finance charges reflect broader sector pressures, yet revenue growth and operational improvements demonstrate MRF's ability to adapt and sustain growth.

Management Commentary

MRF’s management remains focused on operational efficiencies, cost management, and expansion into high-growth market segments. Strategies are in place to mitigate cost pressures through innovative supply chain and operational initiatives, maintaining a strong competitive position.

Consolidated Financial Table

Particulars

Q2 FY25

Q2 FY24

YoY Change

Revenue

₹6,881.09 Cr

₹6,217.10 Cr

10.68%

Profit After Tax (PAT)

₹470.70 Cr

₹586.66 Cr

-19.76%

Total Income

₹6,994.30 Cr

₹6,287.82 Cr

11.23%

EBITDA

₹1,041.72 Cr

₹1,175.41 Cr

-11.36%

Net Margin

6.83%

9.29%

-246 bps

Employee Benefits Expenses

₹477.75 Cr

₹443.56 Cr

7.71%

Total Expenses

₹6,363.12 Cr

₹5,497.21 Cr

15.75%

Check out MRF past performances in previous quarters and financial years.

Conclusion

MRF's Q2 FY24-25 results highlight strong revenue growth tempered by profitability challenges due to increased costs. As the company navigates market dynamics and cost challenges, its strategic focus on market expansion, operational efficiencies, and innovative offerings will be central to sustained growth.

Source: MRF Q2 Results Press Release FY’2024-25 as Submitted on BSE 

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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