Overview
- MRF reported a 17.6% rise in revenue to Rs 8,524 crore for Q2FY27 while consolidated net profit fell 27.8% to Rs 369 crore and EBITDA dropped 16.3% to Rs 913 crore.
- The company’s EBITDA margin contracted to 10.7% from 15% a year earlier, reflecting material margin pressure during the quarter.
- MRF’s board declared an interim dividend of Rs 3 per share, set the record date as November 17, 2026, and said payments will be made on or after December 1, 2026.
- Rising raw material costs and higher total expenses were cited as the main drivers of the profit decline, reducing the benefit of higher sales despite some price increases and cost controls.
- Shares traded lower around the results and have lagged benchmark indices in the short term even as the stock has delivered strong multi‑year gains, leaving investors focused on commodity trends, pricing moves and margin recovery efforts.