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Latest filing: 2026-08-11 13:40
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filings — grounded in each document, but not investment advice and possibly incomplete.
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17 announcements match the current filters (relevance ≥ 5).
₹495 Cr Q1 Net Profit: MRF Reports 10% Revenue Growth Amid Margin Pressure
MRF reported a 10.3% YoY increase in consolidated total income to ₹8,610.56 Cr for the quarter ended June 30, 2026. Despite buoyant demand in both OEM and replacement segments, consolidated net profit marginally declined by 1.3% YoY to ₹495.35 Cr. The company cited higher input costs, driven by Middle East conflicts, as the primary reason for the profit contraction. Management has implemented price increases and cost-control measures to mitigate the impact of firm raw material prices.
Confidence: HIGH
What changedMRF has reported its Q1 FY27 results, showing strong top-line growth but a slight dip in profitability due to rising raw material costs despite taking price increases.
Why it mattersAs the domestic tyre market leader, MRF's results highlight a trend where robust demand in automotive segments is being offset by geopolitical-led input cost inflation, testing the company's pricing power.
Consolidated Total Income: ₹8610.56 CrConsolidated Net Profit: ₹495.35 CrYoY Revenue Growth: 10.3%Q1 Revenue vs TTM Revenue: 27.6%Consolidated PBT: ₹649.69 Cr
📅 Short termThe stock may remain range-bound in the short term as the market weighs healthy volume demand against the slight contraction in profitability and ongoing raw material headwinds.
📈 Long termMRF's long-term outlook remains tied to its dominant 70% share in the replacement market and its planned ₹3,200 Cr capex to capture growth in OEM segments like Passenger Cars and 2W/3W.
⚠ Risk flags
- Volatile natural rubber and crude oil derivative prices
- Geopolitical conflicts in the Middle East impacting supply chains
- Cyclicality in the Truck & Bus segment which accounts for 49% of revenue
Key Highlights
Consolidated total income grew 10.3% YoY to ₹8,610.56 Cr from ₹7,804.23 Cr.
Consolidated net profit decreased slightly to ₹495.35 Cr compared to ₹501.82 Cr in the year-ago period.
Consolidated Profit Before Tax (PBT) stood at ₹649.69 Cr, down from ₹671.83 Cr YoY.
Quarterly revenue represents approximately 27.6% of the company's TTM revenue of ₹31,149 Cr.
Tax provision for the quarter was recorded at ₹154.34 Cr.
👀 What to Watch
Investors should monitor the trend in natural rubber and crude oil derivative prices, as management expects the impact of higher costs on margins to continue. Watch for the effectiveness of recent price hikes in protecting operating margins in the upcoming quarter.
MRF Q1 FY27: Revenue Grows 9.7% to ₹8,292 Cr, PAT Dips 1.3% Amid 26.7% Material Cost Surge
MRF reported a 9.7% YoY increase in standalone revenue to ₹8,291.56 Cr for Q1 FY27. However, standalone net profit declined by 2% to ₹474.37 Cr, primarily due to a sharp 26.7% increase in raw material costs, which rose to ₹5,824.07 Cr from ₹4,597.33 Cr YoY. Consolidated PAT followed a similar trend, decreasing 1.3% to ₹495.35 Cr. The company also strengthened its leadership by appointing the heads of IT and HR as Senior Management Personnel.
Confidence: HIGH
What changedMRF reported its Q1 FY27 financial results showing top-line growth but bottom-line pressure, and formally elevated its IT and HR heads to the Senior Management cadre.
Why it mattersThe results confirm that while demand remains healthy (9.7% revenue growth), the tyre industry's profitability is highly sensitive to raw material inflation, which has eroded margins this quarter.
Standalone Revenue (Q1 FY27): ₹8,291.56 CrMaterial Cost Increase (YoY): 26.7%Consolidated PAT (Q1 FY27): ₹495.35 CrConsolidated EPS (Q1 FY27): ₹1,167.97Q1 Revenue vs TTM Revenue: 26.6%
📅 Short termThe stock may face near-term pressure as the market digests the margin contraction caused by rising input costs despite steady sales.
📈 Long termMRF's dominant 70% share in the replacement market and planned ₹3,200 Cr capex provide structural stability, though long-term performance remains tied to commodity price cycles.
⚠ Risk flags
- Significant raw material cost inflation (26.7% YoY)
- Margin compression (Profit before tax fell from ₹650.73 Cr to ₹624.54 Cr YoY)
Key Highlights
Standalone revenue from operations increased 9.7% YoY to ₹8,291.56 Cr.
Cost of materials consumed surged 26.7% YoY to ₹5,824.07 Cr, impacting margins.
Consolidated Net Profit for the quarter stood at ₹495.35 Cr, down from ₹501.82 Cr YoY.
Consolidated Basic EPS for the quarter was ₹1,167.97 compared to ₹1,183.22 in the previous year.
Appointed Mr. Prasanth Puliakottu (IT) and Mr. Santhosh Mathew (HR) as Senior Management Personnel.
👀 What to Watch
Investors should monitor natural rubber and crude oil derivative price trends, as the 26.7% jump in material costs is currently outpacing revenue growth and compressing margins.
MRF Q1 FY27: Revenue Grows 9.7% to ₹8,291 Cr; PAT Dips Slightly to ₹495 Cr
MRF Limited reported a consolidated revenue of ₹8,291.56 Cr for the quarter ended June 30, 2026, representing a 9.7% increase from ₹7,560.28 Cr in the same period last year. Consolidated PAT stood at ₹495.35 Cr, a marginal decline of 1.3% YoY from ₹501.82 Cr, primarily due to a sharp 26.7% rise in raw material costs which reached ₹5,824.07 Cr. The Board also designated Mr. Prasanth Puliakottu (IT) and Mr. Santhosh Mathew (HR) as Senior Management Personnel. Despite revenue growth, the standalone profit before tax fell to ₹624.54 Cr from ₹650.73 Cr YoY, reflecting margin pressure.
Confidence: HIGH
What changedMRF reported its Q1 FY27 financial results showing top-line growth but bottom-line stagnation due to input costs, alongside formalizing two senior leadership roles in IT and HR.
Why it mattersThe results highlight the company's ability to grow revenue in a competitive market but underscore its vulnerability to raw material price cycles, which impacted margins this quarter. The management appointments ensure leadership continuity in critical support functions.
Consolidated Revenue (Q1 FY27): ₹8,291.56 CrConsolidated PAT (Q1 FY27): ₹495.35 CrRaw Material Cost (Q1 FY27): ₹5,824.07 CrYoY Revenue Growth: 9.7%YoY PAT Growth: -1.3%Consolidated EPS (Q1 FY27): ₹1,167.97
📅 Short termThe stock may face mild pressure or trade sideways as the market digests the margin compression caused by higher raw material expenses despite healthy revenue growth.
📈 Long termMRF's dominant 70% share in the replacement market provides a structural moat, but long-term value creation depends on stabilizing margins through better pricing power or cost efficiencies.
⚠ Risk flags
- Significant increase in raw material costs (up 26.7% YoY)
- Margin compression (PBT down YoY despite higher revenue)
- Cyclicality in the Truck & Bus segment (49% of revenue)
Key Highlights
Consolidated Revenue from Operations increased to ₹8,291.56 Cr in Q1 FY27 vs ₹7,560.28 Cr YoY.
Cost of materials consumed surged to ₹5,824.07 Cr, up from ₹4,597.33 Cr in the year-ago quarter.
Consolidated Net Profit for the period stood at ₹495.35 Cr with a Basic EPS of ₹1,167.97.
Standalone Profit Before Tax (PBT) declined to ₹624.54 Cr from ₹650.73 Cr YoY.
Appointment of two Senior Management Personnel: Mr. Prasanth Puliakottu (IT) and Mr. Santhosh Mathew (HR).
👀 What to Watch
Investors should monitor the trend in natural rubber and crude derivative prices, as the 26.7% YoY increase in raw material costs is currently offsetting revenue gains. Track the progress of the planned ₹3,200 Cr capex to see if it improves manufacturing efficiency and offsets input cost volatility.
MRF Q1 FY27: Consolidated PAT at ₹495 Cr, Revenue Grows 9.7% YoY Amid Margin Pressure
MRF reported a consolidated net profit of ₹495.35 cr for Q1 FY27, a slight decline of 1.3% from ₹501.82 cr in the same period last year. Standalone revenue from operations grew 9.7% YoY to ₹8,291.56 cr, representing approximately 26.6% of TTM revenue. However, profitability was impacted by a sharp 26.7% YoY increase in raw material costs, which rose to ₹5,824.07 cr. Sequentially, standalone profit before tax fell 30.6% from ₹899.81 cr in Q4 FY26, highlighting significant margin compression.
Confidence: HIGH
What changedMRF reported its Q1 FY27 financial results showing steady top-line growth but a sequential and year-on-year decline in profitability due to higher input costs, alongside two senior management appointments.
Why it mattersThe results confirm that while demand remains healthy (9.7% revenue growth), the tyre industry's profitability is highly sensitive to raw material volatility, with material costs now consuming over 70% of revenue compared to 60.8% in the year-ago quarter.
Standalone Revenue (Q1 FY27): ₹8,291.56 crConsolidated PAT (Q1 FY27): ₹495.35 crRaw Material Cost (Standalone): ₹5,824.07 crQ1 Revenue vs TTM Revenue: 26.6%Standalone EPS: ₹1,118.51
📅 Short termThe stock may face short-term pressure as the market reacts to the sequential 30% drop in standalone PBT and the clear impact of raw material inflation on margins.
📈 Long termMRF's long-term outlook remains tied to its market leadership and planned ₹3,200 cr capex; however, structural margin improvement depends on stabilizing rubber prices and successful pricing pass-through.
⚠ Risk flags
- Significant raw material cost inflation (26.7% YoY)
- Sequential margin contraction
- Cyclicality in the Truck & Bus segment (49% of revenue)
Key Highlights
Standalone Revenue from Operations increased 9.7% YoY to ₹8,291.56 cr.
Consolidated Net Profit for the quarter stood at ₹495.35 cr, down 1.3% YoY.
Cost of materials consumed surged 26.7% YoY to ₹5,824.07 cr, representing 70.2% of standalone revenue.
Standalone EPS for the quarter was ₹1,118.51, down from ₹1,141.74 in the year-ago period.
Appointment of Mr. Prasanth Puliakottu (ITS) and Mr. Santhosh Mathew (HRS) as Senior Management Personnel.
👀 What to Watch
Investors should monitor the trend in natural rubber and crude derivative prices, as the sharp rise in input costs is currently offsetting volume growth. Watch for management commentary on pricing actions in the replacement market to mitigate these margin pressures.
MRF Announces ₹229 Final Dividend; 65th AGM Scheduled for August 6, 2026
MRF Limited has scheduled its 65th Annual General Meeting (AGM) for August 6, 2026, to approve a final dividend of ₹229 per equity share (2290%). The company has fixed July 17, 2026, as the record date for dividend eligibility, with payments commencing on or after August 17, 2026. The total dividend payout is relatively small compared to the TTM PAT of ₹2,420 Cr, resulting in a dividend yield of approximately 0.17%. Other agenda items include the re-appointment of directors and the re-appointment of Joint Statutory Auditors for a five-year term.
Confidence: HIGH
What changedThe company has formalized the timeline for its 65th AGM and the distribution of its final dividend for FY 2025-26.
Why it mattersWhile the dividend yield is low, the AGM provides a platform for shareholders to vote on key governance matters, including auditor appointments and director re-elections, ensuring corporate continuity.
Final Dividend: ₹229 per shareDividend Yield: ~0.17%Record Date: July 17, 2026Cost Auditor Remuneration: ₹8,40,000TTM PAT: ₹2,420 Cr
📅 Short termThe stock may see minor price adjustments around the ex-dividend date, though the impact is expected to be limited given the low yield relative to the high share price.
📈 Long termLimited structural impact from this routine filing; long-term performance remains tied to raw material costs and market share in the replacement tyre segment.
Key Highlights
Final dividend recommended at ₹229 per equity share of ₹10 each (2290%)
Record date for dividend eligibility fixed as July 17, 2026
65th Annual General Meeting to be held on August 6, 2026, via Video Conferencing
Proposed remuneration for Cost Auditor Mr. J. Karthikeyan set at ₹8,40,000
Re-appointment of Messrs. M M Nissim & Co LLP as Joint Statutory Auditors for 5 consecutive years
👀 What to Watch
Investors should note the record date of July 17, 2026, to be eligible for the final dividend. The Annual Report 2025-26 should be reviewed for updates on the execution of the ₹3,200 Cr capex plan and management's outlook on natural rubber price volatility.
MRF Wins Tax Disputes; ITAT Reduces Tax Demand of Rs 182 Crore to Nil for AY 2015-17
MRF Limited has received favorable orders from the Income Tax Appellate Tribunal (ITAT) regarding tax disputes for Assessment Years 2015-16 and 2016-17. The disputes involved disallowance of claims amounting to Rs. 89.62 crores and Rs. 92.46 crores respectively. Following the ITAT's decision to allow major appeal grounds, the total tax demand of approximately Rs. 182.08 crores has been reduced to Nil. While some matters were restored to the Assessing Officer for fresh verification, the immediate financial liability has been eliminated.
Key Highlights
ITAT ruled in favor of MRF for Assessment Year 2015-16 involving a claim of Rs. 89.62 crores
ITAT ruled in favor of MRF for Assessment Year 2016-17 involving a claim of Rs. 92.46 crores
Total tax demand across both years reduced to Nil following the Tribunal's decision
Remaining minor matters restored to the Assessing Officer for fresh verification
👀 What to Watch
This is a positive development as it removes a potential tax liability of over Rs. 180 crores from the company's books. Investors should view this as a reduction in legal risk and a positive outcome for the company's financial position.
MRF FY26 Net Profit Surges 30% to ₹2,426 Cr; Declares ₹235 Total Dividend
MRF Limited reported a strong financial performance for FY 2025-26, with consolidated total income growing 11% to ₹31,654 Crores. The company's net profit saw a significant jump of 30%, reaching ₹2,426 Crores compared to ₹1,873 Crores in the previous year. A total dividend of ₹235 per share was announced for the full year, reflecting robust cash flows despite rising raw material costs. While the company crossed the ₹30,000 Crore sales milestone, management cautioned about potential margin pressures from geopolitical tensions and a sub-normal monsoon forecast.
Key Highlights
Consolidated Net Profit increased by 30% YoY to ₹2,426 Crores for FY 2025-26.
Total income crossed the ₹30,000 Crore milestone, ending at ₹31,654 Crores, up 11% YoY.
Total dividend for the financial year declared at ₹235 per share (2350% of face value).
Strong growth recorded in both Replacement and OE segments, with MRF becoming a preferred supplier for EVs.
Capacity expansion is underway across plants to cater to future demand in domestic and export markets.
👀 What to Watch
Investors should view the strong earnings growth and significant dividend payout as a positive sign of market leadership. However, keep a close watch on raw material price trends and monsoon updates as they may impact near-term margins.
MRF FY26 Net Profit Jumps 29% to ₹2,355 Cr; Total Dividend Announced at ₹235/Share
MRF reported a strong financial performance for FY26, with annual revenue growing 10.8% to ₹30,652 crore. Net profit for the year surged by 29% to ₹2,355.40 crore, driven by improved operational efficiencies. The board recommended a final dividend of ₹229 per share, bringing the total payout for the year to ₹235 per share. Additionally, the company announced the appointment of Mr. Thulsidass T V as the new Company Secretary following the resignation of Mr. S Dhanvanth Kumar due to health reasons.
Key Highlights
Annual Revenue from Operations increased to ₹30,652.08 crore in FY26 from ₹27,665.22 crore in FY25.
Net Profit for the full year rose significantly to ₹2,355.40 crore compared to ₹1,822.55 crore in the previous year.
Recommended a final dividend of ₹229 per share, resulting in a total annual dividend of ₹235 per share (2350%).
Earnings Per Share (EPS) for the year stood at ₹5,553.70, up from ₹4,297.31 in FY25.
Appointed Mr. Thulsidass T V as Vice President, General Counsel, and Company Secretary effective May 7, 2026.
👀 What to Watch
Investors should view the strong bottom-line growth and substantial dividend payout as a sign of financial health. Long-term holders can continue to hold given the steady revenue growth and improved margins.
MRF FY26 Net Profit Jumps 29% to ₹2,355 Cr; Declares ₹229 Final Dividend
MRF Limited reported a robust financial performance for the fiscal year ended March 31, 2026, with annual revenue from operations growing to ₹30,652.08 crore from ₹27,665.22 crore in the previous year. Net profit for the year saw a significant increase of 29.2%, reaching ₹2,355.40 crore compared to ₹1,822.55 crore in FY25. The company has recommended a substantial final dividend of ₹229 per share, taking the total dividend for the year to ₹235. Alongside the results, the board approved the appointment of Mr. Thulsidass T V as the new Company Secretary and Compliance Officer.
Key Highlights
Annual Revenue from Operations increased 10.8% YoY to ₹30,652.08 crore.
Net Profit for FY26 surged by 29.2% to ₹2,355.40 crore from ₹1,822.55 crore.
Recommended a final dividend of ₹229 (2290%) per share, totaling ₹235 for the full year.
Earnings Per Share (EPS) improved significantly to ₹5,553.70 from ₹4,297.31 in FY25.
Appointed Mr. Thulsidass T V as Vice President, General Counsel, and Company Secretary.
👀 What to Watch
Investors should view the strong profit growth and high dividend payout as a sign of operational strength and healthy cash flows. The stock remains a solid long-term play in the tyre segment given its consistent earnings trajectory.
MRF Recommends Rs 229 Final Dividend; FY26 Net Profit Surges 29% to Rs 2,355 Crore
MRF Limited delivered a robust financial performance for FY26, with annual revenue from operations crossing the Rs 30,000 crore milestone. The company reported a significant 29.2% year-on-year growth in net profit, reaching Rs 2,355.40 crore compared to Rs 1,822.55 crore in the previous fiscal. To reward shareholders, the board recommended a massive final dividend of Rs 229 per share, bringing the total dividend for the year to Rs 235. The company also announced a management transition with the appointment of Mr. Thulsidass T V as the new Company Secretary and General Counsel.
Key Highlights
Recommended a final dividend of Rs 229 (2290%) per share, totaling Rs 235 for the full year.
Annual Revenue from Operations grew 10.8% YoY to Rs 30,652.08 crore.
Net Profit for FY26 increased to Rs 2,355.40 crore from Rs 1,822.55 crore in FY25.
Earnings Per Share (EPS) surged to Rs 5,553.70 from Rs 4,297.31 in the previous year.
Appointed Mr. Thulsidass T V as Vice President, General Counsel, and Company Secretary.
👀 What to Watch
The strong double-digit growth in both revenue and profitability, coupled with a high dividend payout, reinforces MRF's market leadership. Investors should maintain a positive outlook given the robust EPS growth and healthy cash flow generation.
MRF FY26 Net Profit Jumps 29% to ₹2,355 Cr; Announces ₹229 Final Dividend
MRF Limited reported a strong financial performance for FY26, with standalone net profit rising 29.2% YoY to ₹2,355.40 crore. Revenue from operations grew by 10.8% to reach ₹30,652.08 crore, reflecting steady demand and operational efficiency. The company has rewarded shareholders with a substantial final dividend of ₹229 per share, taking the total dividend for the year to ₹235. Additionally, the company transitioned its secretarial leadership, appointing Mr. Thulsidass T V as the new Company Secretary and General Counsel.
Key Highlights
Standalone Revenue from Operations grew 10.8% YoY to ₹30,652.08 crore in FY26.
Net Profit surged by 29.2% to ₹2,355.40 crore compared to ₹1,822.55 crore in FY25.
Recommended a final dividend of ₹229 per share (2290%), bringing the total FY26 payout to ₹235 per share.
Standalone Earnings Per Share (EPS) increased to ₹5,553.70 from ₹4,297.31 in the previous year.
Profit Before Tax (PBT) stood at ₹3,133.47 crore, achieving a 29.5% growth despite an exceptional loss of ₹61.99 crore.
👀 What to Watch
The strong earnings growth and high dividend payout reinforce MRF's position as a cash-rich market leader; investors should maintain a positive outlook while monitoring raw material cost trends. The stock remains a high-conviction play for long-term portfolios seeking stability and consistent returns.
MRF Shareholders Approve Remuneration Revision for Top Management via Postal Ballot
MRF Limited has announced the successful passage of five resolutions via postal ballot to revise the remuneration terms for its top leadership, including the Chairman and Managing Director. All resolutions were approved with a majority exceeding 87%, including a special resolution for CMD K M Mammen. Notably, institutional investors showed significant dissent, with approximately 36-37% of their votes cast against the revisions across various directors. The promoter group remained unanimous, voting 100% in favor of all proposed changes.
Key Highlights
Special resolution for CMD K M Mammen's remuneration revision passed with 87.45% votes in favor.
Institutional investors cast 37.66% of their votes against the remuneration revision for the CMD.
Ordinary resolutions for four other directors passed with approval ratings between 87.72% and 87.87%.
Promoter group holding 1,152,408 shares voted 100% in favor of all five resolutions.
The voting process was conducted via remote e-voting from February 27 to March 28, 2026.
👀 What to Watch
Investors should note the significant institutional dissent regarding executive pay, which suggests a desire for tighter alignment between compensation and performance. Monitor upcoming financial statements to assess the impact of these revisions on the company's employee benefit expenses.
MRF Wins Rs 221.31 Crore Tax Dispute Case at CESTAT Chennai
MRF Limited has received a favorable ruling from the CESTAT, Chennai, regarding a long-standing tax dispute involving Rs 221.31 Crores. The case involved a challenge against a 2023 order by the Commissioner of GST and Central Excise regarding the valuation basis of goods. The tribunal's final order allows MRF's appeal with consequential relief, effectively resolving a significant contingent liability. This outcome is a positive development for the company's financial health and legal standing.
Key Highlights
CESTAT Chennai ruled in favor of MRF Limited in a tax dispute involving Rs 221.31 Crores
The dispute originated from a disallowance of the valuation basis for goods by the Commissioner of GST and Central Excise
The original Order-in-Original No. 26/2023 was dated May 31, 2023
The final order (No. 40364/2026) allows the appeal with consequential relief to the company
The ruling removes a significant potential tax liability from the company's books
👀 What to Watch
Investors should view this as a positive resolution of a material legal uncertainty that strengthens the company's financial position. No immediate action is required as the outcome is already favorable.
MRF to Invest Rs 5,300 Crore in New Greenfield Tyre Plant in Tamil Nadu
MRF Limited has signed a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu to establish a greenfield manufacturing facility in Sivaganga District. The project involves a substantial investment of approximately Rs 5,300 crores to be deployed over a 12-year period. This facility will focus on automotive tyres and allied products, potentially creating 1,000 direct jobs. Although the MoU is non-binding and subject to government incentives, it underscores MRF's long-term capacity expansion strategy.
Key Highlights
Proposed investment of Rs 5,300 crores over a 12-year implementation period
Greenfield project to be located at SIPCOT Industrial Park, Sivaganga District
Facility will manufacture automotive tyres and allied products
Expected to generate direct employment for approximately 1,000 persons
Project is subject to customized incentive packages and statutory approvals from the state government
👀 What to Watch
Investors should view this as a positive long-term growth indicator for MRF's market leadership. Monitor for the finalization of the incentive package and the commencement of the construction phase.
MRF Q3 Net Profit Surges 119% YoY to Rs 692 Cr; Declares Rs 3 Interim Dividend
MRF reported a stellar performance for Q3 FY26, with consolidated net profit more than doubling to Rs 692 Crores from Rs 315 Crores in the previous year. Total income grew 15% YoY to Rs 8,175 Crores, supported by robust demand in both OE and replacement segments following GST rate reductions. Profit Before Tax rose significantly to Rs 917 Crores, despite an exceptional charge of Rs 77 Crores related to the new Labour Code. The company also announced a second interim dividend of Rs 3 per share, signaling strong cash flow management.
Key Highlights
Consolidated Net Profit jumped 119.7% YoY to Rs 692 Crores for the quarter ended Dec 2025.
Total Income increased by 15% YoY to Rs 8,175 Crores compared to Rs 7,099 Crores in the previous year.
Profit Before Tax (PBT) stood at Rs 917 Crores after accounting for a Rs 77 Crore exceptional item for the new Labour Code.
Declared a second interim dividend of Rs 3 per share (30%) for the financial year ending March 2026.
Management expects demand buoyancy to continue into Q4 due to GST cuts and increased infrastructure spending.
👀 What to Watch
Investors should take note of the significant margin expansion and robust demand outlook across rural and OEM segments. The stock remains a strong play in the tyre sector, though one should monitor the long-term impact of the new Labour Code on employee costs.
MRF Q3 FY26 Net Profit Jumps 121% YoY to ₹679 Cr; Declares ₹3 Interim Dividend
MRF Limited reported a robust performance for Q3 FY2026, with standalone net profit surging 121% year-on-year to ₹679.14 crore. Revenue from operations grew by 15.2% YoY to ₹7,933.69 crore, supported by a significant expansion in operating margins from 5.63% to 11.70%. The Board has declared a second interim dividend of ₹3 per share (30%) for the current financial year. The company also recognized a one-time exceptional charge of ₹77.20 crore related to employee benefit liabilities under the New Labour Codes.
Key Highlights
Standalone Net Profit for Q3 FY26 rose 121% YoY to ₹679.14 crore from ₹306.72 crore.
Revenue from Operations increased 15.2% YoY to ₹7,933.69 crore compared to ₹6,883.17 crore.
Operating margin significantly improved to 11.70% in Q3 FY26 from 5.63% in the same quarter last year.
Second Interim Dividend of ₹3 per share declared with the record date fixed as February 13, 2026.
Exceptional item of ₹77.20 crore recognized for gratuity and leave liability adjustments.
👀 What to Watch
Investors should note the strong operational turnaround and margin expansion despite higher raw material costs in the industry. The stock remains a high-conviction play for long-term investors, though the dividend yield remains nominal relative to the share price.
MRF Q3 Net Profit Surges 121% YoY to ₹679 Cr; Declares ₹3 Interim Dividend
MRF reported a robust performance for the quarter ended December 31, 2025, with standalone revenue growing 15.3% YoY to ₹7,933.69 crore. Net profit saw a massive jump of 121% YoY to ₹679.14 crore, driven by significant margin expansion despite a one-time exceptional hit of ₹77.20 crore related to new labour codes. The Board declared a second interim dividend of ₹3 per share, with the record date set for February 13, 2026. Operating margins improved substantially to 11.70% from 5.63% in the same quarter last year.
Key Highlights
Revenue from operations increased to ₹7,933.69 crore, up 15.3% from ₹6,883.17 crore in Q3 FY25.
Standalone Net Profit (PAT) more than doubled to ₹679.14 crore compared to ₹306.72 crore in the previous year.
Operating margin expanded significantly to 11.70% from 5.63% YoY, reflecting strong operational efficiency.
Declared a second interim dividend of ₹3 per equity share (30%) with a record date of February 13, 2026.
Recognized a one-time exceptional expense of ₹77.20 crore due to gratuity and leave liability adjustments for New Labour Codes.
👀 What to Watch
Investors should take note of the significant margin recovery and profit growth which suggests strong pricing power or easing input costs. The stock remains a high-conviction long-term play in the tyre sector, though the absolute dividend amount is nominal relative to the share price.
