MRF Limited declared an interim dividend of ₹3 per equity share for the financial year ending March 31, 2027. The company fixed Tuesday, November 17, 2026, as the record date. Payment starts on or after December 1, 2026. Profits fell 28% to ₹369 crore as higher material costs hit margins.

MRF Dividend: India's most expensive stock MRF Limited has declared an interim dividend of ₹3 per equity share for the financial year ending March 31, 2027, translating into a dividend payout of 30% on the face value of ₹10 per share.

The company has fixed Tuesday, November 17, 2026, as the record date to determine shareholders eligible to receive the interim dividend. The dividend will be paid on or after December 1, 2026.

The dividend announcement came alongside the company's September-quarter results, in which MRF reported a 28% year-on-year decline in net profit to ₹369 crore. Higher raw material costs weighed on its profitability, even as revenue from operations registered healthy growth during the July-September quarter. The company's total expenses increased at a faster pace than revenue, offsetting the benefit of resilient tyre demand.

In an exchange filing, MRF said, "The Board of Directors has declared an Interim Dividend of ₹3 (per equity share [30%] of ₹10 each for the financial year ending 31st March, 2027. The Company has fixed Tuesday, 17th November, 2026 [17.11.2026], as the Record Date for payment of Interim Dividend. The Interim Dividend declared will be paid on or after 1st December, 2026 [01.12.2026]."

MRF interim dividend 2026: Record date and payment date

MRF shareholders will need to take note of November 17, 2026, as the record date for the interim dividend announced by the company. The dividend of ₹3 per equity share represents a 30% payout on the face value of ₹10 each.

The company has stated that the payment will be made on or after December 1, 2026. Shareholders eligible for the dividend will be determined based on the company's records as of the specified record date.

The interim dividend announcement provides shareholders with a payout even as the tyre manufacturer reported a decline in its September-quarter earnings. The board's decision covers the financial year ending March 31, 2027.

MRF Q2 results: Net profit falls 28%; shares decline 21% in one year

MRF Ltd reported a 28% year-on-year decline in net profit to ₹369 crore for the September quarter of FY2026-27, compared with ₹512 crore in the corresponding quarter of the previous financial year.

The company's total revenue from operations increased nearly 18% to ₹8,524 crore in the July-September quarter, against ₹7,250 crore in the year-ago period. However, total expenses rose by more than 22%, largely driven by higher material costs amid the war in West Asia.

EBITDA (earnings before interest, tax, depreciation and amortisation) declined to ₹522 crore from ₹700 crore in the corresponding quarter a year ago.

Earnings per share (EPS) also declined to ₹912 in Q2 FY27, compared with ₹1,243 in Q2 FY26. On a sequential basis, EPS was lower than the ₹1,168 reported in Q1 FY27.

Demand for tyres remained resilient during the July-September quarter, supported by steady dispatches from automakers. However, Indian tyre manufacturers faced higher raw material costs during the period. Supply shortages and adverse weather conditions in key producing countries kept natural rubber prices elevated, prompting companies to raise prices.

The stock had gained 7% over one week and 2.5% over one month. However, it had declined 7% over three months, 4% over six months and 21% over one year.

MRF recorded a 52-week high of ₹1,25,070.85 in November 2025, while its 52-week low stood at ₹1,15,333.30 in October 2026.