The Economic Times

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

MRF reported a 6.5% YoY decline in Q1FY27 net profit to Rs 479 crore, despite a 10% rise in revenue to Rs 8,416 crore. EBITDA fell 7.5%, while margins contracted to 11.77% from 13.95%. Higher material costs weighed on profitability. Shares fell 3% following the results. The company also announced two senior management appointments.