MRF Limited Q2 FY27 Financial Results Disclosure

Financial Performance Highlights (Standalone)

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Revenue from Operations: ₹8,523.96 crore (vs ₹7,249.68 crore in Q2 FY26) - 17.6% increase
  • Other Income: ₹127.67 crore (vs ₹106.70 crore in Q2 FY26)
  • Total Income: ₹8,651.63 crore (vs ₹7,356.38 crore in Q2 FY26)
  • Profit Before Tax: ₹498.13 crore (vs ₹682.41 crore in Q2 FY26) - 27.0% decrease
  • Profit After Tax: ₹369.15 crore (vs ₹511.59 crore in Q2 FY26) - 27.8% decrease
  • Basic EPS: ₹870.40 per share (vs ₹1,206.26 per share in Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Revenue from Operations: ₹16,815.52 crore (vs ₹14,809.96 crore in H1 FY26)
  • Profit Before Tax: ₹1,122.67 crore (vs ₹1,333.14 crore in H1 FY26)
  • Profit After Tax: ₹843.52 crore (vs ₹995.82 crore in H1 FY26)
  • Basic EPS: ₹1,988.90 per share (vs ₹2,348.00 per share in H1 FY26)

Expense Breakdown (Q2 FY27 Standalone)

  • Cost of materials consumed: ₹6,538.07 crore
  • Employee benefits expense: ₹506.59 crore
  • Finance costs: ₹74.16 crore
  • Depreciation and amortization: ₹467.95 crore
  • Other expenses: ₹1,284.56 crore
  • Total expenses: ₹8,153.50 crore

Dividend Declaration

  • Board declared Interim Dividend of ₹3 per equity share (30% on face value of ₹10 each) for FY27
  • Record Date: Tuesday, 17th November 2026
  • Payment Date: On or after 1st December 2026

Assets and Liabilities Position (Standalone as at 30th September 2026)

  • Total Assets: ₹34,190.39 crore (vs ₹31,296.46 crore as at 31st March 2026)
  • Property, Plant and Equipment: ₹11,728.41 crore
  • Capital Work-in-Progress: ₹1,207.59 crore
  • Inventories: ₹7,083.63 crore
  • Trade Receivables: ₹3,887.98 crore
  • Cash and Cash Equivalents: ₹162.02 crore
  • Total Equity: ₹21,207.75 crore
  • Borrowings (Non-current): ₹76.83 crore
  • Borrowings (Current): ₹1,105.51 crore

Cash Flow Statement (Standalone H1 FY27)

  • Cash from Operating Activities: ₹1,238.76 crore
  • Cash used in Investing Activities: ₹1,357.26 crore
  • Cash from Financing Activities: ₹24.37 crore
  • Net decrease in Cash: ₹94.13 crore

Consolidated Financial Performance

Quarterly Consolidated (Q2 FY27):

  • Revenue from Operations: ₹8,660.19 crore
  • Profit Before Tax: ₹521.81 crore
  • Profit After Tax: ₹386.99 crore
  • Basic EPS: ₹912.46 per share

Half-Yearly Consolidated (H1 FY27):

  • Revenue from Operations: ₹17,075.69 crore
  • Profit Before Tax: ₹1,171.50 crore
  • Profit After Tax: ₹882.34 crore
  • Basic EPS: ₹2,080.43 per share

Subsidiary Information

The consolidated results include the following subsidiaries:

  • MRF Corp Limited (Wholly Owned Subsidiary)
  • MRF Lanka (Private) Limited (Wholly Owned Subsidiary)
  • MRF SG Pte Ltd. (Wholly Owned Subsidiary)
  • MRF Foundation (A Trust) (Wholly Owned Subsidiary)
  • MRFDB-FZCO (Step down subsidiary)
  • MRF International Limited (Subsidiary)

Subsidiaries contributed Group's share of total revenues of ₹125.91 crore for Q2 FY27 and ₹244.86 crore for H1 FY27.

Audit and Compliance

  • Financial results reviewed by Audit Committee and approved by Board of Directors on 10th November 2026
  • Subjected to Limited Review by Statutory Auditors M M Nissim & Co LLP and Sastri & Shah
  • Prepared in accordance with Indian Accounting Standard 34 (Ind AS 34)
  • Compliance with SEBI Circular dated 5th July 2016

Business Segment

  • Company engaged in manufacture of Rubber Products (Tyres, Tubes, Flaps, Tread Rubber)
  • Constitutes one single primary segment as per Ind AS 108
  • MRF Corp Ltd manufactures Speciality Coatings
  • MRF Foundation is a public charitable trust

Credit Rating

  • CARE reaffirmed rating of "CARE AAA" for Long term Banking Facility
  • CARE reaffirmed rating of "CARE A1+" for Short term Banking Facility

Capital Structure

  • Paid-up Equity Share Capital: ₹4.24 crore (Face Value ₹10 each)
  • No debt capital as at 30th September 2026