MRF Q4 FY26 Results: Net Profit Jumps 37% to ₹680 Crore; ₹229 Final Dividend Declared

India's leading tyre manufacturer, MRF Limited, has disclosed its financial results for the final quarter of the 2026 fiscal year. Highlights from the Q4 report include a 37% surge in profits and the declaration of a ₹229 dividend.

On a standalone basis, MRF reported revenue from operations of ₹30,652 crore for FY2026, compared to ₹27,665 crore in FY2025, reflecting a year-on-year growth of approximately 10.8%.

On a quarterly basis, Q4 FY2026 standalone revenue came in at ₹7,908 crore, significantly higher than Q4 FY2025's ₹6,944 crore, representing a 13.9% YoY (year-on-year) jump. 

On a consolidated basis, which includes wholly owned subsidiaries such as MRF Corp Limited, MRF Lanka (Private) Limited, MRF SG PTE Ltd, and others, revenue from operations for FY2026 was ₹31,149 crore versus ₹28,153 crore in FY2025, a growth of about 10.6%, broadly in line with the standalone performance. 

The consolidated revenue is marginally higher than the standalone revenue, reflecting the incremental contribution from international and subsidiary operations.

For Q4 FY2026 specifically, consolidated revenue from operations was ₹8,044 crore, up from ₹7,075 crore in Q4 FY2025, a year-on-year increase of about 13.7%.

The close alignment between standalone and consolidated revenues indicates that the parent entity drives the overwhelming majority of group revenues, with subsidiaries contributing a relatively modest incremental share.

MRF's standalone EBITDA for FY2026 shows a strong operating performance. Profit before exceptional items and tax stood at ₹3,195 crore, up from ₹2,420 crore in FY2025, a growth of about 32%.

The EBITDA margin on total income of ₹31,140 crore is approximately 16.8%, a meaningful improvement over the prior year.

MRF Board Recommends Dividend of ₹229 per share

Following the board's recommendation, a final dividend of ₹ 229 (2290%) per share with a face value of ₹ 10 each has been proposed.

For the financial year ending March 31, 2026, the company previously distributed two interim dividends of ₹ 3(30%) per share.

Consequently, the cumulative dividend for the 2026 fiscal year totals ₹235 (2350%) per equity share.

Other Key Highlights 

The company's primary expenditure, raw material consumption, rose 6% year-on-year to ₹4,945 crore, up from ₹4,680 crore previously. 

During the same period, employee benefit costs grew by 17% to ₹537 crore from ₹459 crore, while other operating expenses surged by 23% to ₹1,231 crore.

The company's quarterly depreciation rose 2% to ₹ 441 crore, while finance costs fell 10% to ₹71 crore.

For the full financial year, MRF reported an 11% growth in revenue from operations, along with a strong 29.2% surge in net profit, from ₹1,823 crore in FY25 to ₹2,355 crore in FY26.

According to reports from various media outlets, MRF shares were trading at approximately ₹ 1,31,450 on the NSE, up nearly 1%.

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