MRF Share Price in Focus as Net Profit Falls 26.6% in Q2FY27

MRF Limited reported a 26.6% year-on-year decline in consolidated net profit to ₹386.99 crore for the quarter ended 30 September 2026. The company had reported a net profit of ₹527.43 crore in the corresponding quarter of the previous financial year. 

As per exchange filings dated November 10, 2026, consolidated total income increased to ₹8,791.58 crore during the quarter from ₹7,489 crore in Q2 FY26. Revenue from operations stood at ₹8,660.19 crore, compared with ₹7,378.72 crore a year earlier. 

Profit before tax (PBT) declined to ₹521.81 crore from ₹700.45 crore in the year-ago quarter. Total expenses during the period increased to ₹8,269.77 crore against ₹6,788.55 crore in the corresponding quarter last year. 

Raw Material Prices Affect Quarterly Profit 

The company reported double-digit sales growth during the second quarter, with demand for its products continuing across both original equipment manufacturer (OEM) and replacement segments. 

However, higher raw material prices affected profitability during the period. The cost of materials consumed increased to ₹6,552.57 crore from ₹4,577.49 crore in Q2 FY26. 

MRF attributed the increase in input costs to global uncertainties. The company said that price increases and cost-saving measures helped offset some of the additional expenses. 

It also expects volatility in commodity markets to continue, with raw material and logistics costs likely to remain high. The company said it would continue taking measures to address these costs. 

Board Declares Interim Dividend 

MRF's board of directors declared an interim dividend of ₹3 per equity share of ₹10 face value for FY27. This represents a dividend of 30% on the face value of each share. 

The company has fixed 17 November 2026 as the record date for determining eligible shareholders. The dividend will be paid on or after 1 December 2026. 

Half-Year Financial Performance 

For the six months ended 30 September 2026, consolidated total income increased to ₹17,402.14 crore from ₹15,293.23 crore. Net profit for the period declined to ₹882.34 crore from ₹1,029.25 crore in the previous year. 

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MRF Limited Share Price Performance  

As of November 11, 2026, 12:10 pm, MRF share price was trading at ₹1,25,105.00, a 1.26% decrease from the previous closing price. 

Conclusion  

The September quarter saw an increase in MRF's income and revenue from operations, alongside a decline in net profit. The board also approved an interim dividend of ₹3 per share. 

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