Interim report
Page 1
MRF MRF MRF Limited , Regd . Office : 114 , Greams Road , Chennai - 600 006 . E - mail : mrfshare@mrfmail.com ; Tel .: 044-28292777 ; Fax : 91-44-28290562 CIN : L25111TN1960PLC004306 Website : www.mrftyres.com 071 / SH / SE / BOARD / AUGUST / 2026 / 2 11th August , 2026 National Stock Exchange of India Ltd Exchange Plaza 5th Floor Plot No.C / 1G Block Bandra - Kurla Complex Bandra ( E ) Mumbai 400 051 Bombay Stock Exchange Ltd Floor 24 P J Towers Dalal Street Mumbai 400 001 Dear Sir , Outcome of the Board Meeting held on 11th August , 2026 Please refer our letter dated 30th July , 2026 . This is to inform you that the Board of Directors of the Company at its Meeting held on 11th August , 2026 , has inter alia approved the following . A ) Unaudited Financial Results Unaudited financial results ( standalone and consolidated ) for the quarter ended 30th June , 2026 along with Limited Review Report by the Auditors of the Company . The above financial results were approved by the Board of Directors at its meeting held today , the 11th August , 2026 . B ) Appointment of Senior Management Personnel i . Appointment of Mr. Prasanth Puliakottu , Senior General Manager - ITS , Head of the Information Technology Services function as Senior Management Personnel of the Company . ii . Appointment of Mr. Santhosh Mathew , Senior General Manager - HRS , Head of the Human Resources & Services function as Senior Management Personnel of the Company . The details as required under the SEBI Listing Regulations , 2015 read with the SEBI Master Circular dated January 30 , 2026 is enclosed as Annexure .
Page 2
The meeting of the Board of Directors of the Company commenced at 11.00 a.m and l d d t 12·15'conc u e a p.m. Kindly take the same on record. Thanking you. Yours faithfully For MRF LIMITED ~.~~~~ THULSIDASS T V Vice President, General Counsel & Company Secretary ~
Page 3
M M NISSIM & CO LLP BARODAWALA MANSION,B-WING,3RD FLOOR 81,Dr. ANNIE BESANT ROAD, WORLI MUMBAI-400 018. SASTRI & SHAH "LEELAVATI" 98, Armenian Street CHENNAI - 600 001. INDEPENDENT AUDITOR'S LIMITED REVIEW REPORT ON THE UNAUDITED STANDALONE FINANCIAL RESULTS OF MRF LTD FOR THE QUARTER ENDED 30th JUNE 2026 To The Board of Directors, MRF ua. 114, Greams Road Chennai - 600 006. 1. We have reviewed the accompanying statement of Unaudited Standalone Financial Results of MRF Limited ("the Company") for the quarter ended 30th June, 2026 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. This Statement is the responsibility of the Company's Management and is approved by the Board of Directors. The statement, as it relates to the quarter ended 30th June, 2026, has been compiled from the related standalone financial statements prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 read with relevant Rules issued there under and other accounting principles generally accepted in India and in compliance with the Regulations 33 of the Listing Regulations. Our responsibility is to issue a report on the statement based on our review. 3. We conducted our review of the statement in accordance with the Standard on Review Engagement (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entin)", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making enquires, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with applicable Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other accounting practices and principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulations 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For M M NISSIM & CO. LLP Chartered Accountants (Reg.No.107122W / WI00672) \Cs~~(N KASHINATH) / Partner M.No.36490 UDIN :26036490VCLBFB4686 Chennai, Date: 11th August, 2026 For SASTRI & SHAH Chartered Accountants (Reg~ (C R KiT ) Partner M.No.26143 UDIN: 26026143XWCIIW8389 Chennai, Date: 11th August 2026
Page 4
MRF LIMITED Regd.Office: 114, Greams Road, Chennai - 600 006 CIN: L25111TN1960PLC004306;Website: www.mrftyres.com; Em.ii: mrfsh.re@mrfm.il.com; Ph: 044-28292777FAX: 28290562 Rs.Crores Statement of Unaudited Standalone Financial Results for the Quarter ended 30th June,2026 Quarter ended Year ended PARTICULARS 30.06.2026 31.03.2026 30.06.2025 31.03.2026 Audited Audited Unaudited Unaudited (Refer Note 3) (Refer Note 3) I Revenue from Operations 8,291.56 7,908.43 7,560.28 30,652.08 II Other Income 191.48 132.91 125.49 . 488.17 III Total Income( I + II ) 8,483.04 8,041.34 7,685.77 31,140.25 IV Expenses a) Cost of materials consumed 5,824.07 4,944.60 4,597.33 18,740.53 b) Purchase of stock-in-trade 8.28 9.30 6.09 34.29 c) Changes in inventories of finished goods, Stock-in-trade and work-in-progress (249.83) (77.15) 360.80 602.46 d) Employee benefits expense 486.01 537.13 464.24 1,991.93 e) Finance costs 69.72 70.56 82.16 297.06 f) Depreciation and amortisation expense 445.84 440.91 426.95 1,747.33 g) Other expenses 1,274.41 1,231.39 1,097.47 4,531.19 Total expenses(IV) 7,858.50 7,156.74 7,035.04 27,944.79 V Profit before Exceptional Items and Tax ( III-IV) 624.54 884.60 650.73 3,195.46 VI Exceptional Items (Refer Note 5) - 15.21 - (61.99) VII Profit before Tax 624.54 899.81 650.73 3,133.47 VIII Tax expense: (1) Current Tax 142.87 184.41 153.25 730.11 (2) Deferred Tax 7.30 34.96 13.25 47.96 IX Profit for the period from Continuing Operations ( VII - VIII) 474.37 680.44 484.23 2,355.40 X Other Comprehensive Income( OCI) A) Items that will not be reclassified to profit or loss,net of tax (4.69) (17.20) (2.40) (0.85) B) Items that will be reclassified to profit or loss,net of tax . (9.93) 4.73 13.94 21.20 XI Total Comprehensive Income for the PeriodlYear 459.75 667.97 495.77 2,375.75 XII Paid up Equity Share Capital (Face Value of RS.10/- each) 4.24 4.24 4.24 4.24 XIII Paid up Debt Capital - - 150.00 - XIV Earnings Per Share of RS.10/- each (not annualised): Basic (Rs. Per Share) 1,118.51 1,604.37 1,141.74 5,553.70 Diluted (Rs. Per Share) 1,118.51 1,604.37 1,141.74 5,553.70 xvOther Equity excluding Revaluation Reserve 20,447.71 See accompanying Notes to the financial results
Page 5
Notes: (1)The above unaudited standalone financial results for the Quarter ended 30th June, 2026 were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 11th August, 2026.The same has also been subjected to limited review by the statutory auditors. (2)These financial results have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34-lnterim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with the rules thereunder and in terms of SEBI Circular dated 5th July, 2016. (3)The figures for the Quarter ended 31st March, 2026 is the balancing figures between the audited figures in respect of the full financial year and the year-to-date figures upto the third Quarter of the Financial year. (4)The Company is engaged interalia in the manufacture of Rubber Products such as Tyres, Tubes, Flaps,Tread Rubber etc. These in the context of IND AS - 108 - 'Operating Segment' are considered to constitute one single primary segment. The Company's operations outside India do not exceed the quantitative threshold for disclosure envisaged in the IND AS. Non-reportable segments has not been disclosed as unallocated reconciling item in view of its materiality. In view of the above, operating segment disclosures for business/geographical segment are not applicable to the Company. (5)Consequent to the introduction of New Labour Codes, the company on provisional basis had estimated the liability on Past Service Cost amounting to Rs. 77.20 Crores as at 31st December, 2025. As at, 31st March, 2026 the said liability is re-assessed at Rs. 61.99 Crores. For MRF LIMITED ~H~..,.~ r- Place: Chennai Date: 11th August, 2026 RAHUL MAMMEN MAPPILLAI Managing Director DIN: 03325290
Page 6
M M NISSIM & CO LLP BARODAWALA MANSION,B-WING,3RD FLOOR 81,Dr. ANNIE BESANT ROAD, WORLI MUMBAI-400 018. SASTRI & SHAH "LEELAVATIn 98, Armenian Street CHENNAI - 600 001. INDEPENDENT AUDITOR'S LIMITED REVIEW REPORT ON THE UNAUDITED CONSOLIDATED FINANCIAL RESULTS OF MRF LTD FOR THE QUARTER ENDED 30TH JUNE 2026 To The Board of Directors, MRF Ltd., 114, Greams Road Chennai - 600 006. 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of MRF Limited (hereinafter referred to as "the Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), for the quarter ended 30th June, 2026 ("the Statement"), being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ("Listing Regulations"). 2. This Statement is the responsibility of the Holding Company's Management and is approved by the Holding Company's Board of Directors. The statement, as it relates to the quarter ended 30th June, 2026, has been compiled from the related Consolidated Financial Statements prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 read with relevant Rules issued there under and other accounting principles generally accepted in India and in compliance with the Regulations 33 of the Listing Regulations. Our responsibility is to issue a report on the statement based on our review. 3. We conducted our review of the statement in accordance with the Standard on Review Engagement (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making enquires, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, to the extent applicable. 4. The statements include the results of the following entities: Relationship Wholly Owned Subsidiary Wholly Owned Subsidiary Wholly Owned Subsidiary Wholly Owned Subsidiary Step down subsidiary Subsidiary
Page 7
5. The statement includes the interim financial results and other financial information of two subsidiaries and one step-down subsidiary whose interim financial results/information reflects Group's share of total revenues of Rs.118.95 Crores, Group's share of net profit after tax of Rs.19.77 Crores and Group's share of total comprehensive income of Rs.19.61 Crores for the Quarter ended 30th June 2026. These interim financial results and other financial information have been reviewed by other auditors whose reports have been furnished to us by the Parent's management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the statement is not modified in respect of the above matter. 6. The statement includes the interim financial results and other financial information of one subsidiary located outside India whose Interim financial results/ information reflects Group's share of total revenues of Rs.3. 71 Crores, Grou p' s share of net profit after tax of Rs.0.30 Crores and Group's share of total comprehensive loss of Rs 1.02 Crores for the Quarter ended 30th June 2026. These have been prepared in accordance with the Accounting principles generally accepted in their respective country. The Holding Company's management has converted the financial results of that subsidiary on the basis of Accounting policies and principles generally accepted in India and we have reviewed these conversion adjustments. According to the information and explanation given to us, these Interim financial results and financial information are not material to the group. Our conclusion on the statement is not modified in respect of the above matter. 7. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with applicable Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder and other accounting practices and principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulations 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. \c;~~~(N KASHINATH) / Partner M.No.36490 UDIN: 26036490APFVAP862 Chennai, Date: 11th August, 2026 For SASTRI & SHAH Chartered Accountants (Reg.No.003643S) (C~ Partner M.No.26143 ~&~UDIN: 26026143DZLZMJ2168 L~~%"\8,y" Chennai C'I) 61"1:-, \ ..Date· 11th August 2026 i" 'I. ~.,~~ o . , \0 ~///&Q~ For M M NISSIM & CO. LLP Chartered Accountants (Reg.No.107122W / WlO0672)
Page 8
MRF LIMITED Regd.Office: 114, Greams Road, Chennai - 600 006 CIN: L25111TN1960PLC004306; Website: www.mrftyres.com; Email: mrfsharetlilmrfmail.com; Ph: 044·28292777 FAX: 28290562 Rs.Crores Statement of Unaudited Consolidated Financial Results for the Quarter ended 30th June,2026 Quarter ended Year ended PARTICULARS 30.06.2026 31.03.2026 30.06.2025 31.03.2026 Unaudited Audited Unaudited Audited , (Refer Note 3) (Refer Note 3) I Revenue from Operations 8,415.50 8,044.22 7,675.64 31,149.01 II Other Income 195.06 139.06 128.59 504.63 III Totallncome( I + II ) 8,610.56 8,183.28 7,804.23 31,653.64-IV Expenses a) Cost of materials consumed 5,854.23 4,994.25 4,622.99 18,883.18 b) Purchase of stock-in-trade 8.26 9.32 6.12 34.60 c) Changes in inventories of finished goods, Stock-in-trade and work-in-progress (262.99) (79.23) 358.94 605.16 d) Employee benefits expense 499.87 550.83 477.67 2,045.93 e) Finance costs 88.33 86.33 98.41 366.20 f) Depreciation and amortisation expense 447.67 441.71 428.78 1,753.63 g) Other expenses 1,325.50 1,264.30 1,139.49 4,679.56 Total expenses(IV) 7,960.87 7,267.51 7,132.40 28,368.26 V Profit before Exceptional Items and Tax ( III-IV) 649.69 915.77 671.83 3,285.38 VI Exceptional Items (Refer Note 5) - 13.96 - (63.24) VII Profit before Tax 649.69 929.73 671.83 3,222.14 VIII Tax expense : (1) Current Tax 146.84 191.60 157.01 747.47 (2) Deferred Tax 7.50 35.88 13.00 48.57 IX Profit for the period from Continuing Operations ( VII - VIII) 495.35 702.25 501.82 2,426.10 X Other Comprehensive Income( OCI) A) Items that will not be reclassified to profit or loss,net of tax (4.69) (14.55) (2.40) 1.80. B) Items that will be reclassified to profit or loss,net of tax (11.41) 12.98 13.25 36.57. XI Total Comprehensive Income for the year attributable to: Owners of the Company 479.25 700.68 512.67 2,464.46 Non Controlling Interest - - - 0.01 XII Paid up Equity Share Capital ( Face Value of Rs. 10/- each) 4.24 4.24 4.24 4.24 XIII Paid up Debt Capital - - 150.00 - XIV Earnings Per Share of RS.10/- each (not annualised): Basic (Rs. Per Share) 1,167.97 1,655.80 1,183.22 5,720.39 Diluted (Rs. Per Share) 1,167.97 1,655.80 1,183.22 5,720.39 xv Other Equity excluding Revaluation Reserve 20,970.32 See accompanying Notes to the financial results
Page 9
Notes: (1)The above unaudited consolidated financial results for the Quarter ended 30th June, 2026 were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 11th August, 2026.The same have also been subjected to Limited Review by Statutory Auditors. (2)These financial results have been prepared in accordance with the recognition and measurement principles laid down in the Ind AS prescribed under Section 133 of the Companies Act, 2013 read with the rules thereunder and in terms of SEBI Circular dated 5th July, 2016. (3)The figures for the Quarter ended 31st March, 2026 is the balancing figures between the audited figures in respect of the full financial year and the year-to-date figures upto the third Quarter of the Financial year. (4) The Group, except for MRF Corp LId and MRF Foundation, is engaged in the manufacture of rubber products such as Tyre, Tubes, Flaps, Tread Rubber and / or dealing in Rubber and Rubber Chemicals. In the context of Ind-AS 108 operating segment are considered to constitute one single primary segment. MRF Corp LId is engaged in the manufacture of Speciality Coatings and its revenues, results and assets do not meet the criteria specified for reportable segment prescribed in the Ind-AS. MRF Foundation is a public charitable trust. The group's operations outside India do not exceed the quantitative threshold for disclosure envisaged in the Ind-AS. Non- reportable segments have not been disclosed as unallocated reconciling item in view of their materiality. In view of the above, primary and secondary reporting disclosures for business/geographical segment are not applicable. (5)Consequent to the introduction of New Labour Codes, the holding company and the companies incorporated in India, on provisional basis had estimated the liability on Past Service Cost amounting to Rs. 77.20 Crores as at 31st December, 2025. As at, 31st March, 2026 the said liability is re-assessed at Rs. 63.24 Crores. (6)The figures for the previous period has been regrouped/recasted wherever necessary to conform to current quarter presentation in respect of consolidation of MRF Foundation. Place: Chennai Date: 11th August, 2026 For MRF LIMITED ~~ "RAHUL MAMMEN MAPPILLAI Managing Director DIN: 03325290 >
Page 10
Annexure Appointment of Senior Management Personnel S.No 1 2 3 Details of Event Reason for change; Appointment Date of appointment & term of re- appointment; Brief Profile (in case of appointment); Mr. Prasanth Puliakottu Particulars / information of such event Mr. Santhosh Mathew Appointment takes effect Appointment takes effect from from 11th August, 2026 11th August, 2026 Not Applicable Not Applicable Appointment of Mr. Prasanth Puliakottu, Senior General Manager - ITS, Head of the Information Technology Services function as Senior Management Personnel of the Company. Mr. Prasanth Puliakottu, is a Graduate in Computer Engineering. He has around 30 years of work experience in areas of IT & digital with Manufacturing and Pharmaceutical Companies in India and abroad. He joined MRF in 2025 in Information Technology Services Department at Head Office in Chennai. . Appointment of Mr: Santhosh Mathew, Senior General Manager - HRS, Head of the Human Resources & Services function as Senior Management Personnel of the Company. Mr. Santhosh Mathew is a Graduate in Science and Post Graduate in Business Administration. He has around 27 years of work experience in areas of Human Resources and Management with IT Companies in India and abroad. He joined MRF in 2023 in Human Resources & Services Department at Head Office in Chennai. 4 Disclosure of relationships between directors (in case of appointment of a director); Not Applicable 5 Information as required pursuant to BSEand the National Stock Exchange of India Ltd circulars dated 20th June, 2018; Not Applicable