Tyre manufacturer MRF Ltd. reported a weak set of September quarter results on Tuesday, November 10, as its net profit and operating profitability declined despite strong revenue growth.
The company’s net profit fell 13% year-on-year to ₹417 crore from ₹479 crore in the corresponding quarter last year.
However, revenue from operations grew 17.4% to ₹8,660 crore in the second quarter, compared to ₹7,379 crore in the year-ago period.
MRF’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) declined 14.9% year-on-year to ₹957 crore from ₹1,125 crore.
EBITDA margin contracted to 11% from 15.25% in the corresponding quarter last year, indicating pressure on operating profitability despite the revenue growth.
Separately, the company’s board declared an interim dividend of ₹3 per equity share of ₹10 each, equivalent to 30% of the face value, for the financial year ending March 31, 2027.
The company has fixed November 17, 2026, as the record date for determining shareholders eligible for the interim dividend. The dividend will be paid on or after December 1, 2026.
Shares of MRF ended 1.26% lower at ₹1,25,105 on Monday.