MRF reports higher Q2 revenue, declares Rs 3 dividend

MRF Ltd reported higher revenue but lower profit for the quarter ended September 30, 2026, as rising raw-material costs weighed on profitability. The company also declared an interim dividend of Rs 3 per Rs 10 share for the 2026-27 financial year.

The reported consolidated net-profit figures differ. BusinessLine and The Hindu put profit at about Rs 387 crore, down about 27% from a year earlier. Business Today reported Rs 417.19 crore, a 22.76% decline, while SocialNews.XYZ reported Rs 369 crore, down 27.8%, as a consolidated figure. The reports do not resolve which figure is correct. MRF’s standalone result was separately reported as net profit of Rs 369 crore, down 28%, and should not be confused with the disputed consolidated totals.

Revenue from operations was about Rs 8,660 crore, up about 17% year over year, according to the reports giving consolidated revenue. MRF’s earnings statement cited sustained demand from original-equipment and replacement segments. In that statement, the company said steep increases in raw-material prices amid global uncertainties adversely affected profitability, while price increases and cost-saving measures helped mitigate the pressure.