MRF Ltd, India's largest tyremaker, announced a significant decline in its consolidated net profit for the second quarter of the financial year 2027. The company's net profit fell by 22.76% year-on-year, reaching ₹417.19 crore, compared to ₹540.13 crore in the corresponding quarter of the previous fiscal year.
Despite the dip in profit, MRF saw a robust increase in its revenue from operations. The revenue surged by 17.37% year-on-year, climbing to ₹8,660.19 crore in Q2 FY27 from ₹7,378.72 crore in Q2 FY26. This growth in revenue was, however, offset by a substantial rise in total expenses, which increased by 21.82% to ₹8,269.77 crore during the quarter, up from ₹6,788.55 crore in the year-ago period.
Interim Dividend Declared
Alongside its quarterly earnings report, MRF's board of directors declared an interim dividend of ₹3 per equity share. This represents a 30% payout on each share with a face value of ₹10 for the financial year ending March 31, 2027.
Record Date and Payment
The company has set Tuesday, November 17, 2026, as the record date. Shareholders whose names appear in the company's records on this date will be eligible to receive the interim dividend. MRF confirmed that the dividend payment will be processed on or after December 1, 2026.
Stock Performance
Following the financial announcement, MRF shares experienced a slight downturn, closing 1.10% lower at ₹1,25,300.05. Year-to-date in 2026, the stock has seen a decline of 17.26%.