{"id":9145,"date":"2026-11-11T10:47:18","date_gmt":"2026-11-11T05:17:18","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=9145"},"modified":"2026-11-11T10:47:18","modified_gmt":"2026-11-11T05:17:18","slug":"mrf-q2-results","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/mrf-q2-results\/","title":{"rendered":"MRF Q2 Results: Consolidated Net Profit Falls 26.6% to \u20b9387 Crore, Revenue Rises 17.4%"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">MRF Limited reported a decline in consolidated profitability for the second quarter of FY27, as higher raw-material costs affected its margins despite healthy revenue growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The tyre manufacturer&#8217;s consolidated net profit declined 26.6% year-on-year (YoY) to \u20b9386.99 crore in Q2 FY27, compared with \u20b9527.43 crore in the corresponding quarter of the previous financial year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, consolidated revenue from operations increased 17.4% YoY to \u20b98,660.19 crore from \u20b97,378.72 crore in Q2 FY26. Consolidated total income stood at \u20b98,791.58 crore during the September quarter, compared with \u20b97,489 crore in the year-ago period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company&#8217;s profit before tax declined 25.5% to \u20b9521.81 crore from \u20b9700.45 crore in the corresponding quarter last year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">MRF Q2 Results : Operating Performance<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">MRF&#8217;s operating profitability remained under pressure during the quarter. Consolidated EBITDA stood at approximately \u20b91,089 crore, compared with \u20b91,234 crore in Q2 FY26.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The operating profit margin declined to approximately 11.06% from 15.26% in the year-ago quarter, reflecting the impact of higher input costs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the pressure on margins, the company recorded double-digit sales growth during the quarter, supported by sustained demand from both original equipment manufacturers (OEMs) and the replacement market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Higher Raw-Material Costs Weigh on Profitability<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">According to the company&#8217;s press release, steep increases in raw-material prices amid global uncertainties adversely affected profitability during Q2 FY27.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">MRF stated that price increases and cost-saving measures helped mitigate some of the cost pressures. However, the company expects continued disruptions and volatility in commodity markets, with raw-material and logistics costs likely to remain elevated.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company said it would continue taking measured steps to address these challenges.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">MRF Declares Interim Dividend of \u20b93 Per Share<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Alongside its quarterly results, MRF&#8217;s Board of Directors declared an interim dividend of \u20b93 per equity share, representing 30% of the face value of \u20b910 per share, for FY27.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company has fixed November 17, 2026, as the record date to determine eligible shareholders. The dividend payment will be made on or after December 1, 2026.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">MRF Q2 Results : Key Financial Highlights<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Consolidated revenue from operations:<\/strong> \u20b98,660.19 crore, up 17.4% YoY.<\/li>\n\n\n\n<li><strong>Consolidated total income:<\/strong> \u20b98,791.58 crore, compared with \u20b97,489 crore.<\/li>\n\n\n\n<li><strong>Consolidated net profit:<\/strong> \u20b9386.99 crore, down 26.6% YoY.<\/li>\n\n\n\n<li><strong>Profit before tax:<\/strong> \u20b9521.81 crore, down 25.5% YoY.<\/li>\n\n\n\n<li><strong>Consolidated EBITDA:<\/strong> Approximately \u20b91,089 crore.<\/li>\n\n\n\n<li><strong>Operating profit margin:<\/strong> Approximately 11.06%, compared with 15.26%.<\/li>\n\n\n\n<li><strong>Interim dividend:<\/strong> \u20b93 per equity share.<\/li>\n\n\n\n<li><strong>Dividend record date:<\/strong> November 17, 2026.<\/li>\n\n\n\n<li><strong>Dividend payment:<\/strong> On or after December 1, 2026.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">MRF H1 FY27 Performance<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">For the first half of FY27, MRF&#8217;s consolidated revenue from operations stood at \u20b917,075.69 crore, compared with \u20b914,091.30 crore in H1 FY26.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Consolidated net profit for the six-month period was \u20b9882.34 crore, compared with \u20b91,023.08 crore in the corresponding period last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The first-half performance reflects the impact of cost pressures on profitability despite continued growth in sales.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Outlook: Demand Remains Steady Amid Cost Pressures<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">MRF continues to see demand from both the OEM and replacement segments. However, the company expects global commodity-market volatility and elevated raw-material and logistics costs to remain important challenges in the near term.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Price adjustments and cost-saving initiatives are expected to remain part of its efforts to manage input-cost pressures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Overall, MRF reported 17.4% growth in consolidated revenue in Q2 FY27, while net profit declined 26.6% year-on-year. The quarter highlights the impact of rising input costs on profitability despite healthy sales growth. The company also announced an interim dividend of \u20b93 per share.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source:<\/strong> MRF Limited, unaudited consolidated financial results for the quarter and half year ended September 30, 2026, and press release dated November 10, 2026, filed with NSE and BSE.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Disclaimer:<\/strong> Investments in the securities market are subject to market risks. Read all related documents carefully before investing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Do\u00a0you have a news tip for Lakshmishree reporters? Please email us at\u00a0<\/em>social@lakshmishree.com<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MRF Limited reported a decline in consolidated profitability for the second quarter of FY27, as higher raw-material costs affected its margins despite healthy revenue growth. The tyre manufacturer&#8217;s consolidated net profit declined 26.6% year-on-year (YoY) to \u20b9386.99 crore in Q2 FY27, compared with \u20b9527.43 crore in the corresponding quarter of the previous financial year. However, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[62,52,50],"tags":[1966,1965,642],"class_list":["post-9145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-results","category-daily-market-update","category-indian-market","tag-mrf","tag-mrf-q2-results","tag-q2-results"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/9145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=9145"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/9145\/revisions"}],"predecessor-version":[{"id":9147,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/9145\/revisions\/9147"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/9146"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=9145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=9145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=9145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}