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MRF Share Price Jumps on Stellar Q3 Results
6 Feb
Summary
- MRF's Q3 FY26 net profit soared 119% year-on-year to ₹692 crore.
- Net profit margins improved significantly to 8.46% from 4.44%.
- Stock price rose 6.7% to ₹1,43,900 following strong quarterly performance.
MRF Ltd. has reported a substantial 119% year-on-year increase in consolidated net profit for the third quarter of fiscal year 2026. The company's profit reached ₹692 crore, a significant jump from ₹315.46 crore in the same period last year. Sequentially, profits saw a 31.6% rise.
This strong financial performance is underscored by an improvement in net profit margins, which climbed to 8.46% from 4.44% a year prior. The company also demonstrated resilience by maintaining profitability despite a one-time expense of ₹77.2 crore related to new labor codes.
In response to these outstanding results, MRF shares experienced a notable surge. The stock price increased by 6.7% to ₹1,43,900. Over the past year, MRF has achieved a 26% rise in its stock value, reflecting its operational strength and consistent profitability.
