MRF Limited has announced its financial results for the quarter ended September 30, 2026. The company reported a consolidated total income of ₹8,791.58 crore, marking a 17.4% increase compared to ₹7,489.00 crore in the corresponding quarter of the previous year. However, profit before tax saw a substantial decrease of 25.5%, falling to ₹521.81 crore from ₹700.45 crore. Consequently, the net profit for the quarter declined by 26.7% to ₹386.99 crore from ₹527.43 crore year-on-year.
MRF Limited Announces Q2 FY27 Financial Performance
MRF Limited has released its unaudited financial results for the second quarter and half-year period ended September 30, 2026. The company reported a consolidated total income of ₹8,791.58 crore for the quarter ended September 30, 2026, an increase from ₹7,489.00 crore in the same quarter of the previous fiscal year (FY26). This represents a year-on-year revenue growth of approximately 17.4%.
Profitability Decline Amidst Revenue Growth
Despite the rise in top-line figures, the company’s profitability metrics showed a downturn. The consolidated profit before tax for the quarter stood at ₹521.81 crore, a decrease of 25.5% from ₹700.45 crore reported in the corresponding quarter of FY26. After accounting for a tax provision of ₹134.82 crore, the consolidated net profit for the quarter ended September 30, 2026, was ₹386.99 crore. This is a significant reduction of 26.7% compared to the net profit of ₹527.43 crore recorded in the same period of FY26.
Operational Highlights and Outlook
MRF highlighted strong double-digit sales growth in the second quarter, driven by sustained demand in both the original equipment (OE) and replacement segments. However, the company noted that a steep increase in raw material prices, attributed to global uncertainties, adversely affected profitability. Measures such as price adjustments and cost-saving initiatives were implemented to mitigate these pressures. Looking ahead, MRF anticipates continued disruptions and volatility in commodity markets, with raw material and logistics costs expected to remain elevated.
Dividend Declaration
The Board of Directors has declared an interim dividend of ₹3/- (30%) per share of ₹10 each for the financial year ending March 31, 2027.
Source: BSE
