MRF Q2 PAT falls 23% YoY to Rs 417 cr

Revenue from operations increased 17.36% to Rs 8,660.19 crore in Q2 FY27 from Rs 7,378.72 crore in Q2 FY26. Profit before tax (PBT) declined 25.51% to Rs 521.81 crore in Q2 FY27 from Rs 700.45 crore in Q2 FY26.

Total expenses increased 21.82% to Rs 8,269.77 crore in Q2 FY27 from Rs 6,788.55 crore in Q2 FY26. Cost of materials consumed increased to Rs 6,552.57 crore from Rs 4,577.49 crore, while employee benefit expenses rose to Rs 520.83 crore from Rs 494.31 crore. Finance costs increased to Rs 97.32 crore from Rs 90.23 crore during the period under review.

The steep increase in prices of raw materials due to global uncertainties adversely affected profitability during the quarter. Price increase and cost-saving measures by the company helped to mitigate cost pressures, the company said.

The company's board of directors declared an interim dividend of Rs 3 per equity share of face value Rs 10 each for FY27.

MRF is engaged in the manufacture of rubber products such as tires, tubes, flaps, and tread rubber and/or trading in rubber and rubber chemicals.

Shares of MRF shed 0.87% to Rs 123978.75 on the BSE.

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