Mumbai: MRF Limited's net profit for the April-June quarter (Q1 FY26) stood at ₹483.23 crore, down 13 percent year-on-year (YoY), according to an exchange filing on Tuesday.

The tyre manufacturer had posted a net profit of ₹562.55 crore in the corresponding month a year ago (Q1 FY25). The company's profit fell by over 2 percent quarter-on-quarter (QoQ) as well as from ₹497.85 crore in the preceding quarter (Q4 FY25).

However, revenue from operations for the quarter under review increased 7 per cent YoY to ₹7,560.28 crore from ₹7,077.84 crore and 8 percent QoQ from ₹6,943.84 crore.

EBITDA (earnings before interest, tax, depreciation, and amortisation) decreased 9 per cent from the previous quarter to ₹1,034 crore, and the margin decreased by more than 200 basis points to 13.7 percent from 16.1 percent the previous year.

At the same time, the tyre manufacturing giant's total expenses for the Q1 FY26 stood at ₹7,035 crore, up nearly 8 percent from ₹6,409 crore in the same quarter a year ago and ₹6,410 crore in the preceding quarter.

During the quarter, MRF's gross margins decreased by 300 basis points to 34.3 percent from 37.3 percent the previous year, despite the cost of raw materials increasing by 6 percent to ₹4,597 crore from the previous year.

Meanwhile, MRF's shares were trading slightly lower during the afternoon trade on Tuesday. At around 1:46 pm, the stock was trading at ₹1,41,410, down 0.53 percent, or ₹760.

The tyre manufacturer's shares fell nearly 4 percent in the last 5 sessions. In the last 30 days, the stock has descended nearly 5 percent. However, to date this year, the heavyweight stock increased by over 9 percent.

At the same time, the 52-week high and low values of the shares stood at ₹1,53,000.0 and ₹1,02,124.05, respectively.

IANS