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.Consolidated total income rose 17.4% to Rs 8,791.58 crore in the second quarter of FY27 from Rs 7,489 crore a year earlier. However, profit before tax fell to Rs 521.81 crore from Rs 700.45 crore.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.However, a steep increase in raw material prices amid global uncertainties adversely affected profitability. Price increases and cost-saving measures helped partially mitigate the cost pressures, the company said.The Chennai-headquartered MRF expects continued volatility and disruptions in commodity markets, with raw material and logistics costs likely to remain elevated. It said it would continue to take measured steps to address these challenges.The company’s board declared an interim dividend of Rs 3 per share of face value Rs 10 for FY27.
