MRF Q2 FY27 profit fell sharply as raw material costs rose, even though revenue grew. Consolidated profit after tax from continuing operations was ₹386.99 crore, down 26.6% from ₹527.43 crore a year earlier, for the quarter ended 30 September 2026.
India’s largest tyre maker reported the numbers after a board meeting on 10 November 2026, according to Autocar Professional.
How Did MRF Perform in Q2 FY27?
- Consolidated revenue from operations: ₹8,660.19 crore against ₹7,378.72 crore, up 17.4%.
- Standalone revenue from operations: ₹8,523.96 crore against ₹7,249.68 crore, up 17.6%.
- Standalone net profit: ₹369.15 crore against ₹511.59 crore, down 27.8%.
- Consolidated profit before tax: ₹521.81 crore against ₹700.45 crore.
Why Did MRF’s Profit Fall?
The report attributes the fall to higher input costs. Consolidated cost of materials consumed was ₹6,552.57 crore against ₹4,577.49 crore a year earlier. By our calculation from those two figures, that is an increase of about 43%.
What Do the First-Half Numbers Show?
For the half year ended 30 September 2026, consolidated revenue from operations was ₹17,075.69 crore, up 13.4%. Consolidated net profit was ₹882.34 crore against ₹1,029.25 crore, down about 14.3%.
Standalone inventories stood at ₹7,083.63 crore against ₹5,337.66 crore at 31 March 2026. The report describes this as a build-up in finished goods and raw materials. Standalone capital expenditure for the half year was ₹1,001.60 crore against ₹618.42 crore.
What Dividend Did MRF Declare?
The board declared an interim dividend of ₹3 per equity share of ₹10 face value, or 30% of face value, for the year ending 31 March 2027. The record date is 17 November 2026, and payment will be made on or after 1 December 2026.
Market Reaction and Industry Response
The source report carries no management quotes, and no share price move or analyst comment was found. This article does not speculate on either.
What Happens Next?
The report does not give MRF’s outlook on raw material prices or pricing. The next markers are the 17 November record date and the dividend payment on or after 1 December 2026.
Frequently Asked Questions
What was MRF’s profit in Q2 FY27?
Consolidated profit after tax from continuing operations was ₹386.99 crore, down 26.6%. Standalone net profit was ₹369.15 crore, down 27.8%.
How much did MRF’s revenue grow?
Consolidated revenue from operations rose 17.4% to ₹8,660.19 crore.
What is the MRF interim dividend and record date?
The interim dividend is ₹3 per share, with a record date of 17 November 2026 and payment on or after 1 December 2026.
Source: Autocar Professional, 10 November 2026.
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