MRF Q2 results: net profit falls 26.6% to Rs 386.99 crore
MRF said in a filing with the National Stock Exchange that its Q2 FY27 consolidated net profit fell 26.6% to Rs 386.99 crore while revenue rose 17.4%. It declared a Rs 3 interim dividend.
Key points
- MRF said in its NSE filing that consolidated net profit for the September 2026 quarter was Rs 386.99 crore, down 26.6% from a year earlier.
- Revenue from operations rose 17.4% to Rs 8,660.19 crore from Rs 7,378.72 crore a year earlier, and 2.9% from the previous quarter.
- The board declared an interim dividend of Rs 3 per share, with a record date of 17 November 2026 and payment on or after 1 December 2026.
MRF Limited reported a consolidated net profit of Rs 386.99 crore for the quarter ended 30 September 2026 (Q2 FY27), down 26.6% from Rs 527.43 crore a year earlier, according to its unaudited results filed with the National Stock Exchange on 10 November 2026. Revenue from operations rose 17.4% to Rs 8,660.19 crore. The board also declared an interim dividend of Rs 3 per share.
What Happened
The company said in its filing with the National Stock Exchange that its board approved the unaudited standalone and consolidated results on 10 November 2026. The figures below are consolidated and are in Rs crore as the filing gives them.
Revenue from operations was Rs 8,660.19 crore in the September 2026 quarter. That is 17.4% higher than Rs 7,378.72 crore in the same quarter a year earlier, and 2.9% higher than Rs 8,415.50 crore in the quarter ended 30 June 2026.
Profit for the period was Rs 386.99 crore. That is 26.6% lower than Rs 527.43 crore a year earlier and 21.9% lower than Rs 495.35 crore in the previous quarter. Profit before tax was Rs 521.81 crore, against Rs 700.45 crore a year earlier. The filing shows no exceptional items in the quarter. Earnings per share for the quarter were Rs 912.46, against Rs 1,243.60 a year earlier.
Cost of materials consumed was Rs 6,552.57 crore in the quarter, against Rs 4,577.49 crore a year earlier, according to the filing's table.
For the half year ended 30 September 2026, revenue from operations was Rs 17,075.69 crore, up 13.4% from Rs 15,054.36 crore a year earlier. Profit for the half year was Rs 882.34 crore, down 14.3% from Rs 1,029.25 crore.
The board declared an interim dividend of Rs 3 per equity share (30% of the Rs 10 face value) for the financial year ending 31 March 2027. The record date is 17 November 2026, and the dividend will be paid on or after 1 December 2026. The results come with a limited review report from the company's auditors, M M Nissim & Co LLP and Sastri & Shah.
What It Means
For shareholders, the filing sets out two dates: shareholders on the company's books on 17 November 2026 are eligible for the Rs 3 per share interim dividend, which is to be paid on or after 1 December 2026.
For anyone following the company's accounts, the filing shows that revenue grew in the quarter while profit fell compared with both the same quarter last year and the previous quarter. The filing's table shows higher costs over the same period, including materials consumed. The results are unaudited, and the full statements, including the standalone figures, are in the company's filing with the National Stock Exchange.
Oquilia Data: MRF Ltd. (NSE: MRF)
| Close, 9 Nov 2026 | Rs 1,25,105.00 (−1.26% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | +2.47% / −6.77% / −4.08% / −18.15% / −21.20% |
| Against Nifty 50, 1M / 3M / YTD | −8.74 / −8.70 / −14.00 points |
| 52-week closing high / low | Rs 1,58,315.00 (13 Nov 2025) / Rs 1,16,775.00 (30 Oct 2026) |
| Turnover, 20-session average | Rs 37.96 cr; 44.6% delivered; latest volume 1.6x |
Closes adjusted for splits and bonuses; returns exclude dividends. Facts from NSE's files, not investment advice.
Full record: MRF share price on Oquilia
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India