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News Topical, Digital Desk : MRF Q2 Results: Tire manufacturer MRF Ltd. has released strong business results for the September quarter (Q2 FY26). The company's consolidated profit increased year-on-year (YoY) from ₹470 crore to ₹526 crore, representing growth of approximately 12%.
The company's consolidated revenue also increased to ₹7,379 crore in the quarter, compared to ₹6,881 crore in the same period last year. EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) improved quarter-on-quarter, from ₹1,012 crore to ₹1,126 crore.
The company's EBITDA margin also increased from 14.7% to 15.3%, indicating better operational efficiency and cost control.
Dividend Announcement: The company announced an interim dividend of ₹3 per share, giving good news to its shareholders. According to analysts, MRF's results were positive due to improved demand, stable raw material costs, and strong auto sector growth. The company maintained profitability with improved margins.
MRF Shares Fall Tire manufacturer MRF Ltd.'s shares fell slightly on Thursday, November 14th. The company's shares fell ₹575, or 0.36%, to ₹1,57,740 during the day's trading. The stock opened at ₹1,58,475 and touched an intraday high of ₹1,59,700 and a low of ₹1,56,220. The company's market cap stood at ₹66,900 crore, with a P/E ratio of 37.14 and a dividend yield of 0.15%. MRF's 52-week high was ₹1,63,600, while its lowest was ₹1,02,124. The company recently announced its Q2 results, reporting a profit of ₹526 crore and revenue of ₹7,379 crore. Analysts believe the slight decline in the stock is due to profit booking, while overall the company's results are stable and positive.
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