MRF Q3 Profit Surges 121%, Company Declares ₹3 Interim Dividend

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AuthorRiya Kapoor|Published at:
MRF Q3 Profit Surges 121%, Company Declares ₹3 Interim Dividend
Overview

MRF Limited reported a stellar Q3 FY26, with standalone Net Profit surging 121.44% YoY to ₹679.14 crore on 15.43% revenue growth. Consolidated PAT also jumped 119.32% to ₹691.83 crore. The company's PBT more than doubled YoY, driven by significant margin expansion. An interim dividend of ₹3 per share was declared.

MRF Limited: Stellar Q3 FY26 Results Showcase Robust Profit Growth and Dividend Payout

MRF Limited has announced its unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025, revealing a period of exceptionally strong performance, particularly in profitability.

📉 The Financial Deep Dive

The Numbers:
For the standalone Q3 FY26, MRF reported a Total Income of ₹8,056.76 crore, marking a healthy 15.43% year-on-year (YoY) increase from ₹6,979.77 crore in Q3 FY25. Profit Before Tax (PBT) witnessed a dramatic 118.01% YoY surge to ₹900.52 crore (from ₹413.06 crore), translating into a Net Profit After Tax (PAT) of ₹679.14 crore, up 121.44% YoY from ₹306.72 crore. Basic EPS more than doubled, rising to ₹1,601.33 from ₹723.20 YoY. Sequentially (QoQ), PBT grew by 32.00%.

On a consolidated basis for Q3 FY26, Total Income reached ₹8,175.01 crore (+15.16% YoY). Consolidated PBT jumped 116.27% YoY to ₹917.36 crore, with Consolidated PAT at ₹691.83 crore (+119.32% YoY). Basic EPS stood at ₹1,631.23.

For the nine months ended December 31, 2025 (9MFY26), standalone Total Income grew 9.93% YoY to ₹23,098.91 crore, and PAT rose 26.45% YoY to ₹1,674.96 crore.

The Quality:
Profitability metrics saw significant improvement. Standalone operating margin expanded sharply to 11.70% in Q3 FY26 from 5.63% in Q3 FY25, and net profit margin improved to 8.43% from 4.39% YoY. Consolidated operating and net profit margins also showed substantial YoY increases to 11.94% and 8.46% respectively. An exceptional item of ₹77.20 crore was recorded, representing a one-time increase in gratuity/leave liability due to legislative amendments ('New Labour Codes'). The balance sheet remains robust, with a consolidated Debt-to-Equity ratio at a low 0.03. The consolidated Debt Service Coverage Ratio for Q3 FY26 stood at a strong 21.68.

The Grill:
This announcement, being a financial results filing, does not contain specific forward-looking guidance from management or details from a post-results conference call. Therefore, commentary on detailed future outlook, specific growth drivers, or identified risks is limited based solely on this document.

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