MRF Ltd reported an improvement in profitability and operating performance for the second quarter of the current financial year. The company’s net profit rose 11.7 per cent to Rs 526 crore, compared with Rs 471 crore in the previous quarter, according to its exchange filing on Friday.
Revenue and operating performance
Revenue for the July–September period increased 7.2 per cent year-on-year to Rs 7,379 crore, against Rs 6,881 crore a year earlier. Operating income, measured as earnings before interest, taxes, depreciation, and amortisation, rose 11.3 per cent to Rs 1,126 crore, compared with Rs 1,011 crore in the same period last year.
The EBITDA margin improved to 15.3 per cent from 14.7 per cent.
The board declared an interim dividend of Rs 3 per share for FY26, amounting to a total payout of nearly Rs 1.27 crore. The record date for shareholders eligible to receive the dividend has been set for November 21, with the payment scheduled on or after December 5. MRF had earlier paid a final dividend of Rs 229 per share in July and two interim dividends of Rs 3 each in February and November 2024.
Market reaction
MRF shares rose as much as 0.87 per cent to Rs 1,59,700 following the results. The stock later traded 0.49 per cent higher at Rs 1,59,085 as of 12:27 p.m., outperforming the NSE Nifty 50 Index, which was down 0.17 per cent.
The stock has gained 31.44 per cent over the past 12 months and is up 21.18 per cent year-to-date. Trading volumes were 2.09 times the 30-day average, and the relative strength index stood at 34.27.
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