Tyre Makers MRF

Tyre maker MRF Ltd on Tuesday reported a 1.3 per cent decline in consolidated net profit at Rs 495.35 crore in the first quarter ended June 30, impacted by high raw material costs. The company had posted a consolidated net profit of Rs 501.82 crore in the corresponding quarter last fiscal, MRF Ltd said in a regulatory filing. Consolidated revenue from operations in the first quarter stood at Rs 8,415.5 crore as against Rs 7,675.64 crore in the same period a year ago, it added. Total expenses in the quarter under review were higher at Rs 7,960.87 crore as compared to Rs 7,132.4 crore in the year-ago period, the company said. Cost of materials consumed in the first quarter were higher at Rs 5,854.23 crore as against Rs 4,622.99 crore in the same period last fiscal, the filing said.

In Q4FY26, Ceat delivered high growth in all segments including international business, despite geopolitical tensions.

MRF has signed a non-binding MoU with the Tamil Nadu government to set up a greenfield tyre manufacturing unit in Sivaganga with an investment of Rs 5,300 crore over 12 years

Among other tyre makers, Balkrishna Industries, Apollo Tyres and Ceat were up 2 per cent to 3 per cent on the BSE in intra-day trade.

Kotak Institutional Equities believes multiple government initiatives, including potential Goods and Services Tax (GST) cuts, will drive auto demand

Tyre manufacturers such as MRF, which supplies to automakers including Hyundai Motor India and Bajaj Auto, rely heavily on vehicle sales for a significant portion of their revenue

Tyre stocks rallied today on expectation that the recent correction in raw material prices will benefit the companies favourably from the latter part of Q2FY26

MRF Q4 FY25 result: The board of directors of the company proposed a final dividend of ₹229 per equity share

MRF Q3FY25 results: The board of directors announced a second interim dividend of Rs 3 per equity share (30%) for the financial year ending March 31, 2025

MRF Vice-chairman about the company's growth strategy, export roadmap, and raw material price concerns, among others

Brent crude futures climbed $1.48, or 1.86 per cent, to $81.24 a barrel by 0113 GMT after hitting an intraday high of $81.49, the highest since August 27

Tyre maker MRF on Thursday said its consolidated net profit declined by 3 per cent year-on-year to Rs 571 crore for the first quarter ended June 30, 2024. The company had reported a net profit of Rs 589 crore in the April-June quarter of last fiscal. Total income increased to Rs 7,280 crore for the period under review as against Rs 6,515 crore in the June quarter of FY24, MRF Ltd said in a regulatory filing. Shares of the company were trading 4.80 per cent higher at Rs 1,41,130 apiece on the BSE.

The jump in the stock price came after the company's profit zoomed 54.8 per cent quarter-on-quarter (Q-o-Q) to Rs 573.4 crore in the June quarter of FY24, from Rs 370.5 crore in Q4FY24.

Company says it recorded growth in all product groups as increase in raw material prices continued

The company said its board has approved raising of Rs 100 crore through issuance of non-convertible debentures on a private placement basis.

Tyre maker MRF on Tuesday reported 53.99 per cent decline in consolidated net profit at Rs 189.06 crore for the second quarter ended September 30, 2021

Analysts at Anand Rathi Research are positive on the outlook for the company as demand in TBRs, PCRs and two wheelers has started to pick up

The tyre maker relies on its association with the customer to build a new brand in a new category

MRF, Balkrishna Ind, TVS Srichakra, Ceat, Apollo Tyres, Goodyear India and JK Tyre were up 1% to 3%