MRF stock: MRF cuts tax demand to INR 361.90 million. What it means for MRF stock

Published on 10/24/2026 at 02:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MRF cut its FY15 tax demand to INR 361.90 million on October 6, 2026. For MRF stock, Q1 FY27 revenue was INR 84.16 billion.

Tax relief and quarterly context

MRF received a tax-demand reduction to INR 361.90 million on October 6, 2026.
Q1 FY27 revenue reached INR 84.16 billion while net profit was INR 4.95 billion.
MRF's market capitalization stood at INR 500.1 billion as of October 23, 2026.

MRF, INE883A01011, Illustration mit AI erstellt.

MRF received a rectification order on October 6, 2026 that cut its FY15 tax demand to INR 361.90 million from INR 915.30 million. CNBC TV18 reported that the company is examining the order and will decide whether to challenge the remaining amount. The reduction gives MRF a quantified legal and cash-exposure development after a long-running sales-tax dispute.

Three dates shape the case

On August 11, 2026, MRF reported Q1 FY27 revenue of INR 84.16 billion and net profit of INR 4.95 billion; on September 30, 2026, Kerala's tax authority reduced the FY15 demand from INR 915.30 million to INR 361.90 million; on October 6, 2026, MRF received the order, according to CNBC TV18.

What does the tax relief mean?

The revised demand is INR 553.40 million below the original claim. That legal reduction sits alongside an operating picture with mixed signals: ALFA Finder reported that Q1 FY27 revenue rose 9.60 percent year over year to INR 84.16 billion, while net profit fell 1.30 percent to INR 4.95 billion. For investors, the tax update improves the size of the disputed claim, but the June-quarter figures show that higher sales did not translate into higher profit.

NSE valuation context

MRF was last at INR 117,915 on the NSE on October 23, 2026 at 3:30 p.m. IST, while its market capitalization stood at INR 500.1 billion as of the same date. The company manufactures automotive tires, tubes and flaps and is based in Chennai, India.