MRF Q2 profit slips 23% YoY; tyremaker declares interim dividend; check amount, record date

MRF Ltd on Tuesday reported a 22.76 per cent year-on-year (YoY) decline in consolidated net profit to Rs 417.19 crore for the second quarter of FY27, compared with Rs 540.13 crore in the corresponding quarter last year.

However, the country's largest tyremaker's revenue from operations rose 17.37 per cent YoY to Rs 8,660.19 crore in Q2 FY27, from Rs 7,378.72 crore in the year-ago period.

On the other hand, the company's total expenses increased 21.82 per cent YoY to Rs 8,269.77 crore during the quarter, compared with Rs 6,788.55 crore in Q2 FY26.

Alongside its earnings announcement, MRF's board declared an interim dividend of Rs 3 per equity share of Rs 10 each, equivalent to 30 per cent payout, for the financial year ending March 31, 2027.

The company has fixed Tuesday, November 17, 2026, as the record date to determine shareholders eligible to receive the interim dividend.

The dividend will be paid on or after December 1, 2026, MRF said.

MRF share price

On the stock-specific front, MRF shares fell 1.10 per cent to settle at Rs 1,25,300.05. At this closing level, the stock has declined 17.26 per cent so far in 2026, on a year-to-date (YTD) basis.