Below are the financial statements of MRF, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of INR | 2024 | 2023 |
|---|---|---|
| Income | — | — |
| Revenue from operations | 251,692.1a | 230,085a |
| Other income | 3,168.4a | 2,526.7a |
| Total income | 254,860.5a | 232,611.7a |
| Expenses | — | — |
| Cost of materials consumed | -152,432a | -157,510.9a |
| Purchases of stock-in-trade | -221.5a | -354a |
| Changes in inventories of finished goods, stock-in-trade and work-in-progress | -1,843.2a | -3,469.1a |
| Employee benefits expense | -17,967.8a | -15,954a |
| Finance costs | -3,530.1a | -3,190.1a |
| Depreciation and amortisation expense | -14,299.7a | -12,530.4a |
| Other expenses | -40,378.4a | -35,844.2a |
| Total expenses | -226,986.3a | -221,914.5a |
| Profit before tax | 27,874.2a | 10,697.2a |
| Tax expense | — | — |
| Current tax (includes provision for earlier years - nil (previous year - ₹ 23.30 crores)) | -6,316.1a | -3,061.5a |
| Deferred tax | -745.8a | -53.7a |
| Total tax expense | -7,061.9a | -3,007.8a |
| Profit for the year | 20,812.3a | 7,689.4a |
| Non-controlling interest | -0.1a | -0.1a |
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