MRF Limited sets November 17 record date for ₹3 dividend

MRF Limited declared a ₹3-per-share interim dividend for FY27 on November 10, 2026, setting November 17 as the record date and scheduling payment on or after December 1. The distribution equals 30% of the ₹10 face value and was announced with its unaudited results for the quarter and half year ended September 30, 2026.

What dividend has MRF declared?

MRF has declared an interim dividend of ₹3 for each equity share of face value ₹10 for the financial year ending March 31, 2027. The stated dividend is equivalent to 30% of the share's face value. The board approved the distribution alongside the company's unaudited financial results.

The announcement concerns an interim dividend, rather than a final distribution for the year. MRF's disclosure identifies the financial year as FY27, ending on March 31, 2027. The company has also stated the amount on a per-equity-share basis, which is the relevant measure for shareholders eligible on the record date.

When is the MRF dividend record date?

MRF has fixed Tuesday, November 17, 2026, as the record date for the interim dividend. The company will use this date to determine the shareholders eligible to receive the ₹3 distribution.

The record date is the key calendar point disclosed in the board decision. MRF's earlier dividend information in the supplied context shows previous interim dividend record dates of November 21, 2025 and February 13, 2026, both for ₹3 per share. The current announcement applies specifically to the FY27 interim dividend declared in November 2026.

When will MRF pay the ₹3 interim dividend?

MRF has said the interim dividend will be paid on or after December 1, 2026. The company has not provided a more specific payment day in the information available.

The gap between the November 17 record date and the stated payment start date gives a clear timetable for the declared distribution. Investors following the announcement should distinguish this payment schedule from the dates of past dividends, including the ₹229-per-share dividend shown in the company's earlier corporate-action information with a July 17, 2026 ex-date and record date.

What did MRF report with the dividend announcement?

MRF released unaudited results for the quarter and half year ended September 30, 2026, at the same board meeting that declared the dividend. Reports in the supplied context said consolidated revenue from operations rose to ₹8,660 crore from ₹7,380 crore a year earlier, while consolidated net profit fell to ₹387 crore from ₹530 crore.

The same reported figures put consolidated EBITDA at ₹958 crore, compared with ₹1,125 crore in the prior-year quarter. EBITDA margin was reported at 11.06%, down from 15.26%. Higher raw-material costs were cited as weighing on profitability despite the increase in revenue.

Why are tyre-sector results part of the discussion?

MRF's dividend declaration has drawn attention because it came alongside a quarter in which reported sales growth and profit-margin pressure moved in opposite directions. The available context also says tyre peers JK Tyre and CEAT reported lower September-quarter earnings as higher raw-material prices affected margins.

That sector backdrop does not change the terms of MRF's announced payout. It does, however, explain why discussion around the ₹3 interim dividend has also focused on the company's September-quarter earnings, particularly the decline in reported net profit and EBITDA margin.

Conclusion

MRF has set a defined FY27 interim dividend timetable: ₹3 per equity share, November 17, 2026 as the record date, and payment on or after December 1. The board made the decision while approving unaudited results that, based on the supplied reports, showed higher revenue but lower consolidated profit and margins.

The next disclosed event for this dividend is the November 17 record date, followed by payments from December 1. Investors will also watch future company disclosures for whether raw-material cost pressure, which featured in discussion of the September-quarter results, continues to affect margins.