Chennai: Tyre maker MRF reported a 26.6% year-on-year decline in consolidated profit after tax (PAT) to Rs 387 crore for the quarter ended September 2026, compared with Rs 527.43 crore in the corresponding quarter last year, as a sharp rise in raw material prices squeezed profitability.
The company’s board declared an interim dividend of Rs 3 per share of face value Rs 10 for FY27. You Can Also Check: Gold Rate in Chennai | Silver Rate in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai | Chennai AQI | Weather in Chennai | Petrol Price in Chennai | Diesel Price in Chennai | CNG Price in Chennai | LPG Price in Chennai
The company said it recorded strong double-digit sales growth during the quarter, supported by sustained demand from both original equipment manufacturers (OEMs) and the replacement market. Price increases and cost-saving measures helped partially mitigate the cost pressures, the company said. It said it would continue to take measured steps to address these challenges.
However, a steep increase in raw material prices amid global uncertainties adversely affected profitability. The Chennai-headquartered MRF expects continued volatility and disruptions in commodity markets, with raw material and logistics costs likely to remain elevated.