MRF Q2 Results: Net profit falls 13% YoY to Rs 417 crore, revenue rises 17%; board declares interim dividend

Tyres and rubber products manufacturer MRF Ltd reported a 12.9% year-on-year (YoY) decline in consolidated net profit to Rs 417 crore for the September quarter of FY27 (Q2FY27), down from Rs 479 crore in the corresponding quarter of the previous financial year.

However, the company's revenue from operations increased 17.4% YoY to Rs 8,660 crore during the quarter under review, against Rs 7,379 crore reported in Q2FY26. On the expenses front, MRF's total expenses on a consolidated basis rose 21.8% year-on-year (YoY) to Rs 8,269.77 crore in Q2FY27 from Rs 6,788.55 crore in the corresponding quarter of the previous financial year.

The company's operating performance remained under pressure, with earnings before interest, tax, depreciation and amortisation (EBITDA) declining 14.9% YoY to Rs 957 crore from Rs 1,125 crore in the year-ago period.


EBITDA margin contracted to 11% in Q2FY27 from 15.25% in Q2FY26.

On a standalone basis, MRF reported a profit after tax (PAT) of Rs 369.15 crore in Q2FY27, down 27.8% from Rs 511.59 crore in the corresponding quarter last year. Revenue from operations, however, increased 17.6% YoY to Rs 8,523.96 crore during the September quarter, compared with Rs 7,249.68 crore in Q2FY26.

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MRF declares interim dividend

The company's board of directors declared an interim dividend of Rs 3 per equity share, representing 30% of the face value of Rs 10 each, for the financial year ending March 31, 2027.

MRF has fixed November 17, 2026, as the record date to determine shareholders eligible to receive the interim dividend. The payment will be made on or after December 1, 2026.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here