However, revenue from operations rose 6.65% year-on-year (YoY) to Rs 7,675.69 crore for the quarter ended 30 June 2025.

Profit before tax (PBT) for Q1 FY26 stood at Rs 670.48 crore, down 12.11% from Rs 762.91 crore reported in the same period last year.

Total expense increased 9.42% year on year to Rs 7,131.64 crore during the quarter. The cost of materials consumed was Rs 4,622.99 crore (up 5.77% YoY), while employee benefits expense stood at Rs 477.67 crore (up 4.39% YoY) during the period under review.

On the margins front, MRF’s operating margin dropped to 8.37% in Q1 FY26 from 10.61% in Q1 FY25. Net profit margin also declined to 6.41%, compared to 7.84% a year earlier.

MRF is engaged in the manufacture of rubber products such as tires, tubes, flaps, and tread rubber and/or trading in rubber and rubber chemicals.