MRF reported a 15% increase in consolidated total income, reaching ₹8175 Crores for Q3 FY26, compared to ₹7099 Crores in Q3 FY25. Profit before tax for the quarter stood at ₹917 Crores. The company also declared a second interim dividend of ₹3 per share. Increased demand following GST rate reductions and a positive rural economy contributed to robust sales.
Financial Performance Highlights
MRF’s consolidated total income saw a significant rise, increasing by 15% to ₹8175 Crores for the quarter ended December 31, 2025. This is compared to ₹7099 Crores for the corresponding quarter ended December 31, 2024.
The consolidated profit before tax for Q3 FY26 reached ₹917 Crores, which includes an exceptional item of ₹77 Crores related to the new Labour Code. In comparison, the profit before tax for the quarter ended December 31, 2024, was ₹424 Crores.
After accounting for tax provisions of ₹225 Crores, the consolidated net profit for the quarter ended December 31, 2025, is ₹692 Crores, compared to ₹315 Crores for the same period in the previous year.
Operational Performance
The company experienced robust sales in both Original Equipment (OE) and Replacement segments during the third quarter, driven by increased demand due to reductions in GST rates.
A positive trend was also observed in the rural economy, supported by favorable monsoon conditions.
MRF anticipates continued demand buoyancy in the fourth quarter, driven by the reduction in GST rates. Furthermore, OEMs are expected to increase production levels to meet higher sales expectations and manage channel inventory effectively.
Dividend Announcement
The Board of Directors has declared a second interim dividend of ₹3/- (30%) per share of ₹10 each for the fiscal year ending March 31st, 2026.
Source: BSE
