MRF cuts tax demand to INR 361.9 million as MRF stock gets relief

Published on 10/20/2026 at 03:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

June-quarter revenue rose 9.60 percent to INR 84.155 billion, while net income reached INR 4.95 billion. MRF stock also reported INR 9.91 billion in operating earnings.

Tax relief and earnings context

MRF's tax demand fell from INR 915.3 million to INR 361.9 million after a September 30, 2026 order.
June-quarter revenue rose 9.60 percent to INR 84.155 billion, while operating earnings fell 7.50 percent.
MRF stock was last quoted at INR 121,905.00 on October 19, 2026 at 3:29 p.m. IST on the NSE.

MRF, INE883A01011, Illustration mit AI erstellt.

MRF (ISIN INE883A01011) had a disputed tax demand reduced from INR 915.3 million to INR 361.9 million after a September 30, 2026 rectification order, according to CNBC TV18. The company received the order on October 6, 2026 and said it was examining whether to challenge the remaining demand.

What does the tax reduction change?

The order lowers MRF's potential exposure by INR 553.4 million, or 60.46 percent of the original demand. The dispute concerns Central Sales Tax assessments for fiscal year 2014-15 related to export clearances and declaration forms, as reported by The Hindu BusinessLine. The reduction improves the scale of the unresolved claim, but the final outcome still depends on MRF's next decision.

Three events set the timeline

On May 7, 2026, MRF reported fourth-quarter revenue of INR 80.442 billion and net income of INR 7.023 billion, according to ALFA Finder. On August 11, 2026, June-quarter revenue rose 9.60 percent to INR 84.155 billion, while earnings before interest, tax, depreciation and amortization fell 7.50 percent to INR 9.906 billion from INR 10.704 billion, according to CNBC TV18. On September 30, 2026, the tax authority issued the order cutting the demand to INR 361.9 million.

Results date points to November

The next quarterly results date is November 6, 2026, according to Investing.com. That report will show whether the 9.60 percent revenue increase can offset the 7.50 percent decline in operating earnings recorded for the June quarter.

Stock context for investors

MRF was last quoted at INR 121,905.00 on the NSE on October 19, 2026 at 3:29 p.m. IST. The company operates in the consumer cyclical sector and makes tires, tubes, flaps and related rubber products.