Tyre manufacturer MRF, one of India’s most prominent automotive brands, has reported a stable and positive performance for the second quarter of the financial year 2025–26 on 14th November 2025. Alongside its results, the company has also declared an interim dividend of ₹3 per share, reinforcing its commitment to delivering value to shareholders.
The dividend relates to the financial year ending March 2026. The record date for identifying eligible shareholders is 21 November 2025, and the payment will be made on or after 5 December 2025.
Profit Growth and Quarterly Highlights
For the quarter ended 30 September 2025, MRF recorded a consolidated net profit of ₹526 crore, marking a 12% rise from ₹471 crore reported in the same period last year. Another filing reflects a similar figure of ₹525.64 crore, registering an 11.7% year-on-year increase. Sequentially, profit also improved by 5% from the previous quarter.
MRF’s performance demonstrates consistent demand and operational strength during the quarter.
Revenue Performance and Income Details
The company reported revenue from operations of ₹7,379 crore, reflecting a 7.2% increase compared with ₹6,881 crore in Q2 FY25. Total income for the quarter stood at ₹7,487 crore, up from ₹6,994 crore in the same period last year.
While year-on-year revenue expanded, sequential revenue eased slightly from the first quarter of FY26. However, the overall trajectory remains positive.
Margins, EBITDA and Expenses
MRF recorded an EBITDA of ₹1,234 crore, compared with ₹1,125 crore a year earlier. Margins showed a modest improvement, rising to 16.7% from 16.4% last year.
Total expenses increased 7% year-on-year, reaching ₹6,788 crore, up from ₹6,363 crore in Q2 FY25. Sequentially, expenses decreased by 4.8%, reflecting disciplined cost management.
The company’s earnings per share (EPS) for the quarter came in at ₹1,239, higher than ₹1,110 in the same period last year.
Market Update
At around 12:30 pm during the result announcement window, MRF shares were trading at ₹1,57,795, slightly lower by 0.33% from the previous close on the NSE. Despite this minor dip, the stock has gained 22% since the beginning of the year.
Also Read:
- Marico Q2 FY26 Results: 31% Revenue Growth Despite a Slight 0.7% YoY Profit Decline
- Oil India Q2 FY26 Results: Revenue Up 4% YoY While Profit Declines 43%; Interim Dividend Declared
- Tata Motors PV Q2 FY26 Results: Profit Soars to ₹76,170 Crore on One-Time Gain as Revenue Declines 13%
- Muthoot Finance Q2FY26 Results: Profit Jumps 87% as NII Rises 58%
- LG Electronics India Q2FY26 Results: Profit Falls 27% YoY as Revenue Holds Steady at ₹6,174 Crore
Conclusion
MRF’s Q2 FY26 performance underscores a quarter of consistent growth, stable revenue, and stronger profitability. With a rise in net profit and improved margins, the company continues to demonstrate resilience within the automotive and tyre industry. The declaration of an interim dividend further signals confidence in its financial position as it progresses through the financial year.
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