MRF Limited reported a year-on-year improvement in its consolidated financial performance for the third quarter ended December 31, 2025, led by higher revenue and a sharp rise in profitability, as per its unaudited results.
Revenue from operations for Q3 FY26 stood at ₹8,050.43 crore, compared with ₹7,000.82 crore in the corresponding quarter last year, registering a YoY growth of about 15.0%. Total income for the quarter increased to ₹8,175.01 crore from ₹7,098.90 crore in Q3 FY25, reflecting a YoY rise of around 15.2%.
Total expenses during the quarter rose to ₹7,180.45 crore from ₹6,674.72 crore a year ago, marking a YoY increase of approximately 7.6%. Cost of materials consumed stood at ₹4,688.45 crore, marginally higher than ₹4,656.10 crore in the year-ago quarter. Employee benefits expense increased by about 9.1% YoY to ₹522.48 crore from ₹478.95 crore, while other expenses rose by nearly 11.5% YoY to ₹1,173.42 crore compared with ₹1,052.47 crore in Q3 FY25.
Profit before tax and exceptional items came in at ₹994.56 crore, more than doubling from ₹424.18 crore in the corresponding quarter last year, translating into a YoY increase of roughly 134.5%. The company reported exceptional items of ₹77.20 crore during the quarter.
After accounting for taxes, profit from continuing operations stood at ₹691.83 crore, compared with ₹315.46 crore in Q3 FY25, registering a YoY growth of about 119.3%. Current tax expense for the quarter was ₹236.29 crore, while deferred tax was reported as a credit of ₹10.76 crore.
In the same meeting, the Board of Directors declared a second interim dividend of ₹3 per equity share, representing a 30% payout, for the financial year ending March 31, 2026. February 13, 2026, has been fixed as the record date for determining eligible shareholders, and the dividend will be paid on or after February 27, 2026.
