MRF Announces ₹229 Dividend Per Share for FY26 Amid Strong Q4 Earnings
MRF declares Rs 229/share dividend for FY26. Here's everything you need to know
The Economic Times
Image: The Economic Times
MRF, a leading tyre manufacturer, has proposed a final dividend of ₹229 per share, totaling ₹235 for FY26. The company's Q4 earnings showed a 37% increase in net profit to ₹680 crore, driven by a 14% rise in revenue to ₹7,908 crore. The dividend is subject to shareholder approval.
- 01MRF proposed a final dividend of ₹229 per share for FY26.
- 02Total dividends for FY26 amount to ₹235 per share.
- 03Q4 net profit rose 37% to ₹680 crore compared to the previous year.
- 04Revenue from operations grew 14% to ₹7,908 crore in Q4.
- 05MRF shares saw a nearly 1% increase post-announcement.
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Tyre manufacturer MRF has recommended a final dividend of ₹229 per share, or 2,290%, on equity shares with a face value of ₹10, pending shareholder approval at the upcoming Annual General Meeting. This follows two interim dividends of ₹3 each, bringing the total dividend for the financial year ending March 31, 2026, to ₹235 per share, or 2,350%. MRF's Q4 earnings report revealed a 37% year-on-year increase in standalone net profit, reaching ₹680 crore, compared to ₹498 crore in the same quarter last year. Revenue from operations for the quarter grew 14% to ₹7,908 crore, up from ₹6,944 crore a year earlier. The company's EBITDA rose 21.5% to ₹1,305.3 crore, with an improved EBITDA margin of 16.2%. For FY26, MRF's total income increased 11% to ₹31,140 crore, while net profit rose 29% to ₹2,355 crore. Following the announcement, MRF shares traded nearly 1% higher at ₹1,31,450 on the National Stock Exchange.
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The dividend payout reflects MRF's strong financial performance, potentially benefiting shareholders with increased returns. This could also enhance investor confidence in the company.
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