MRF reported an 11.6 per cent YoY profit growth in the September quarter. The largest tyre manufacturer in India posted a consolidated net profit of Rs 525 crore in Q2 FY26. Last fiscal year, the company’s consolidated net profit was Rs 470 crore in Q2.
MRF’s revenue from operations grew by 7.2 per cent on a yearly basis in the quarter ended in September. The company’s consolidated revenue in Q2 FY26 stood at Rs 7,378 crore, compared with Rs 6,881 crore in the corresponding quarter of the previous fiscal year.
Furthermore, MRF has declared an interim dividend of Rs 3 per equity share for the financial year 2026. The company has fixed November 21 as the record date, and it will pay the dividend on or after December 5, 2025.
Monsoon and GST effect
MRF stated that in the second quarter, due to the impact of monsoons, sales are typically lower; however, in this quarter, OE sales continued to experience strong double-digit growth, and exports also performed well despite tariff issues.
“Towards, the second half of the quarter the announcement of GST reduction had a temporary impact on replacement sales, though the revision in GST rate augurs well for the coming quarters.” the company said in a statement.
