MRF Share Price in Focus After Q2 FY26 Earnings: PAT Up 11.67%, ₹3 Interim Dividend Declared

MRF Limited has announced its consolidated financial results for the quarter ended September 30, 2025, reporting growth in profitability despite a sequential revenue decline. The Board of Directors approved these results on November 14, 2025, and declared an interim dividend for shareholders.

MRF Q2 FY26 Earnings Results Highlights

For Q2 FY26, MRF reported consolidated revenue from operations of ₹7,378.72 crore, reflecting a 7.23% increase on a year-on-year basis compared to ₹6,881.09 crore in Q2 FY25. However, on a quarter-on-quarter basis, revenue declined 3.87% from ₹7,675.69 crore in Q1 FY26.

Consolidated profit after tax stood at ₹525.64 crore for the quarter, registering an 11.67% growth YoY from ₹470.70 crore in Q2 FY25. On a QoQ basis, PAT improved 5.03% from ₹500.47 crore in the previous quarter. Earnings per share for Q2 FY26 were ₹1,239.38.

MRF Half-Year Earnings Results

For the half year ended September 30, 2025, MRF's consolidated revenue from operations totalled ₹15,054.41 crore, marking a 6.94% increase from ₹14,077.54 crore in H1 FY25. Total expenses for H1 FY26 stood at ₹13,919.80 crore compared to ₹12,880.70 crore in the corresponding period last year.

Consolidated profit after tax for H1 FY26 was ₹1,026.11 crore, showing a marginal decline of 1.50% from ₹1,041.72 crore in H1 FY25. The company maintained operational efficiency despite increased input costs during the period.

Interim Dividend Declaration

The Board of Directors declared an interim dividend of ₹3 per equity share for the financial year ending March 31, 2026. The company has fixed November 21, 2025, as the record date for determining eligible shareholders, with payment scheduled on or after December 5, 2025.

Read More: JK Tyre To Expand Production With ₹5,000 Crore Investment Plan!

MRF Q2 FY26 Earnings Results: Expense and Margin Analysis

Total consolidated expenses for Q2 FY26 amounted to ₹6,788.16 crore against ₹6,363.12 crore in Q2 FY25. Cost of materials consumed was ₹4,577.49 crore, while employee benefits expense stood at ₹494.31 crore. Finance costs increased to ₹90.23 crore compared to ₹83.78 crore in the year-ago quarter.

Operating margin for the quarter was 8.92%, while net profit margin stood at 6.95%.

Balance Sheet Position

As of September 30, 2025, MRF's consolidated net worth stood at ₹19,441.18 crore compared to ₹18,488.64 crore as of March 31, 2025. Total assets increased to ₹30,319.95 crore from ₹29,566.99 crore at the end of the previous financial year. The debt equity ratio remained low at 0.03 times.

MRF Share Price Performance

On November 14, 2025, MRF share price opened at ₹158,475.00 on NSE, above the previous close of ₹158,315.00. During the day, it surged to ₹159,700.00 and dipped to ₹156,220.00. The stock is trading at ₹157,900.00 as of 1:04 PM. The stock registered a marginal change of -0.26%.

Over the past week, it has moved up by 0.05%, over the past month, it has moved up by 1.70%, and over the past 3 months, it has moved up by 14.03%.

Conclusion

MRF Limited reported consolidated profit after tax of ₹525.64 crore for Q2 FY26, up 11.67% YoY and 5.03% QoQ. Revenue from operations stood at ₹7,378.72 crore, growing 7.23% YoY. The company declared an interim dividend of ₹3 per share with a record date of November 21, 2025.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.