MRF Q2 FY27 Results: Consolidated Total Income Rises 17.4%, Net Profit Falls 26.6%; Board Declares ₹3 Interim Dividend

MRF Limited reported a 17.4% year-on-year increase in consolidated total income to ₹8,791.58 crore in Q2 FY27, compared with ₹7,489 crore in the corresponding quarter last year. The company said it recorded double-digit sales growth, which was supported by demand from both original equipment manufacturers (OEMs) and the replacement market.

Consolidated net profit declined 26.6% to ₹386.99 crore from ₹527.43 crore a year earlier. Alongside its results, the board declared an interim dividend of ₹3 per equity share of ₹10 face value for FY27. 17 November 2026 has been fixed as the record date.

The MRF share price closed at ₹1,25,105 on 9 November, down 1.26% on the National Stock Exchange (NSE).

Why Did MRF's Q2 Profit Decline Despite Higher Income?

Consolidated profit before tax (PBT) fell 25.5% to ₹521.81 crore in Q2 FY27, compared with ₹700.45 crore in the year-ago quarter. The company attributed the decline in profitability to a steep increase in raw material prices amid global uncertainties.

The increase in input costs came even as demand remained firm across the company's OEM and replacement segments. MRF said price increases and cost-saving measures helped offset some of the pressure, but were not enough to prevent a decline in profit.

The company also provided for tax of ₹134.82 crore during the quarter.

The company said the outlook on costs remains a concern. MRF expects continued disruption and volatility in commodity markets, with raw material and logistics costs likely to remain elevated. However, it also said it would continue taking measured steps to address these pressures.

Source

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