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MRF rides strong FY26 performance with bumper 2350 per cent dividend
Annual net profit surges to Rs 2,355 crore as rubber giant navigates board shifts and debt clearance.
MUMBAI: MRF Limited isn’t just spinning its wheels; it’s accelerating with a performance that has left investors firmly gripped. The company’s board meeting on 7 May 2026 revealed a robust financial journey for the year ending 31 March 2026, punctuated by a massive dividend payout and significant management changes.
The Board has recommended a final dividend of Rs 229 per share (2290 per cent) for the 2026 financial year. When combined with the two interim dividends of Rs 3 per share already paid, the total payout for the year reaches Rs 235 per share, representing a 2350 per cent return on each Rs 10 face-value share.
MRF’s standalone financial engine showed significant power over the past year:
- Total income: The firm’s total income climbed to Rs 31,140.25 crore, up from Rs 28,068.08 crore in the previous year.
- Revenue from operations: Core operations generated Rs 30,652.08 crore, compared to Rs 27,665.22 crore in 2025.
- Profit before tax: Pre-tax profit stood at Rs 3,133.47 crore, a sharp increase from the Rs 2,419.90 crore recorded in the prior year.
- Net profit: After accounting for tax expenses of Rs 730.11 crore (current) and Rs 47.96 crore (deferred), the profit from continuing operations reached Rs 2,355.40 crore.
- Earnings per share (EPS): Basic and diluted EPS accelerated to Rs 5,553.70, up from Rs 4,297.31.
While the final quarter saw a slight dip in revenue to Rs 7,908.43 crore from Rs 7,933.69 crore in the preceding quarter, the year-on-year growth remains steady.
The company is also seeing a change in its administrative pit crew. Mr. S Dhanvanth Kumar, the long-standing Company Secretary and Compliance Officer, resigned effective 7 May 2026, citing health reasons.
Taking over the steering wheel is Thulsidass T V, appointed as vice president, general counsel, and company secretary. He will also serve as the compliance officer and key managerial personnel.
MRF has been streamlining its liabilities, successfully redeeming 15,000 Non-Convertible Debentures totalling Rs 150 crore during the final quarter. The company’s total assets now stand at Rs 31,296.46 crore, supported by property, plant, and equipment valued at Rs 12,042.37 crore.
With its primary segment of rubber products, including tyres, tubes, and flaps, continuing to drive the business, MRF looks well-positioned for the road ahead. Shareholders will vote on the final dividend at the upcoming AGM.
