MRF Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook

Mon Apr 27 2026

MRF (MRF) Q4 results for FY26 are expected in May 2026. With Q3 FY26 revenue of Rs 7050 Cr and PAT of Rs 1220 Cr as the base, the street is watching closely for margin trajectory and management guidance on FY27 demand.

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MRF Q4 FY26 Earnings Preview â€” What to Expect

Auto component companies are well-placed for Q4 FY26 driven by healthy OEM production schedules, improving export demand, content-per-vehicle expansion and new EV component order wins.

MRF Q4 Results 2026 â€” Date and Key Estimates

Parameter	Q3 FY26 Actual	Q4 FY26 Estimate	YoY Growth
Revenue (Rs Cr)	7050	7480	+6%
PAT (Rs Cr)	1220	1300	+7%
EBITDA Margin	—	17.4%	Improvement expected
Results Date	—	May 2026	—
Dividend History	Rs 200.00 per share
Dividend Expectation	Rs 210.00 final dividend expected

Estimates based on analyst consensus as of April 2026. Actual results may vary.

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5 Reasons MRF Q4 Results Could Beat Estimates

OEM Production Volume Growth

Strong OEM order books and new model launches translate into robust component demand for tier-1 and tier-2 suppliers, with production schedules running near peak capacity utilisation.

Content-Per-Vehicle Expansion

Rising electronics content, active safety features and ADAS integration expand revenue per vehicle for technology-oriented component manufacturers, supporting above-volume revenue growth.

Export Market Recovery

Recovering auto production in Europe and the Americas is reviving export volumes for Indian component manufacturers with established global supply chain relationships.

EV Component Business Growth

New EV-specific component orders for motors, battery management systems, power electronics and charging connectors are adding incremental high-value revenue streams.

PLI Scheme Benefits

Government PLI support for advanced automotive technology components is boosting domestic manufacturing competitiveness and attracting new global platform award opportunities.

5 Key Risks to Watch in MRF Q4 Results

OEM Production Cuts

Any demand-driven OEM production reductions directly reduce component offtake volumes and can create inventory pile-up at the supplier level.

EV Transition Risk

ICE-specific components face structural volume decline as EV adoption accelerates; companies without EV portfolio diversification face long-term obsolescence risk.

Customer Concentration Risk

High dependence on 2-3 large OEM clients creates significant earnings vulnerability to client model cycle changes or sourcing strategy shifts.

OEM Pricing Pressure

Large OEMs use procurement leverage to negotiate lower component prices, making it difficult to fully pass through raw material cost increases.

Working Capital Stress

Extended OEM payment cycles and seasonal inventory build-up can strain working capital management and increase interest costs.

Analyst Ratings and Target Price for MRF

Brokerage	Rating	Key Thesis
ICICI Direct	Buy	OEM volume growth and EV content gains
JM Financial	Buy	Export recovery and EBITDA margin expansion
YES Securities	Neutral	Growth fairly priced at current valuations

Analyst ratings are for informational purposes only. Not investment advice.

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Frequently Asked Questions â€” MRF Q4 Results 2026

Q: When will MRF announce Q4 FY26 results?

MRF is expected to announce Q4 FY26 results in May 2026. Track the exact date on Univest Screener.

Q: What revenue is expected for MRF Q4 FY26?

Analyst consensus estimates MRF Q4 FY26 revenue at approximately Rs 7480 Cr, representing approximately 6% year-on-year growth.

Q: What PAT is expected for MRF in Q4 FY26?

Estimated PAT for MRF Q4 FY26 is approximately Rs 1300 Cr, up approximately 7% year-on-year.

Q: Will MRF declare a dividend in Q4 FY26?

Historical dividend pattern: Rs 200.00 per share. Q4 FY26 expectation: Rs 210.00 final dividend expected.

Q: What is the current share price of MRF?

MRF (MRF) is currently trading at approximately Rs 136000 with a market capitalisation of Rs 57,500 Cr. Track live on Univest Screener.

Q: Is MRF a buy before Q4 results?

This article does not constitute investment advice. Consult a SEBI-registered financial advisor before making any investment decision.

Disclaimer: Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. SEBI Registration: INH000012449.