MRF Q2 Results FY27: Profit Moves Against Revenue, Revenue Rs 8,660.19 Cr, PAT Rs 386.99 Cr

MRF Ltd (MRF) Q2 Results FY27 announced on 10 November 2026, covering the company's financial performance for the July to September quarter. On the results date, the consolidated results showed revenue of Rs 8,660.19 Cr and PAT of Rs 386.99 Cr, set against Rs 7,378.72 Cr and Rs 527.43 Cr a year earlier. MRF Q2 Results FY27 are reported on a Consolidated basis, so the figures cover MRF together with its subsidiaries.

This MRF Q2 Results results analysis covers the financial highlights, the business drivers, the outlook and the risks that follow from the numbers. It starts with the Financial Highlights table, which sets this quarter beside the same quarter last year.

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MRF Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 8660.19 Cr	Rs 7378.72 Cr	+17.37% YoY
Operating Profit	Rs 957.53 Cr	Rs 1125.51 Cr	-14.92% YoY
Net Profit (PAT)	Rs 386.99 Cr	Rs 527.43 Cr	-26.63% YoY

Source: company filing for MRF Q2 Results FY27, 10 November 2026. Figures in Rs Crore, Consolidated basis.

Key Takeaways from MRF Q2 Results: What Stands Out

• Revenue of Rs 8,660.19 Cr was up 17.37% from Rs 7,378.72 Cr, a clear sign of YoY growth on the top line this quarter.
• Net profit of Rs 386.99 Cr was down 26.63% from Rs 527.43 Cr, so profit moved against revenue in MRF Q2 Results FY27.
• Operating Profit of Rs 957.53 Cr compared with Rs 1,125.51 Cr a year earlier, a fall of 14.92% on the same quarter.
• Net profit margin of 4.5% was narrower than the 7.1% recorded in the comparison quarter, based on the supplied margin figures.
• The performance analysis that follows places these four moves side by side and shows where revenue and profit parted ways.

MRF Q2 Results FY27: Performance Analysis

The numbers show revenue growth of 17.37% year on year, with Rs 8,660.19 Cr reported against Rs 7,378.72 Cr in the same quarter last year. Net profit moved the other way, falling 26.63% to Rs 386.99 Cr. The supplied data confirms what changed but does not establish the specific cause.

Operating Profit gives the middle view of the quarter. It stood at Rs 957.53 Cr against Rs 1,125.51 Cr a year earlier, a decline of 14.92%, which is smaller than the fall in net profit. MRF Q2 Results FY27 therefore show profit lines easing at different rates while revenue climbed.

In this MRF Q2 Results results analysis, investors will focus on whether revenue growth of this size carries into the later quarters of FY27, and on how the profit lines track it. The Univest app lists each quarterly results update for MRF, which is where the results analysis turns to the business factors.

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Key Business Factors This Quarter

Revenue Growth – The results analysis points first to revenue, which grew 17.4% year on year to Rs 8,660.19 Cr in the latest quarter. This rise is the most visible driver in MRF Q2 Results FY27 and is the main reason the top line stands well above last year.

Return on Capital Employed – Return on capital employed was 16.04% in FY26, a full-year measure that sits behind the quarterly results. It shows how efficiently MRF used its capital over the last financial year, before this July to September quarter.

Operating Profit Trend – Operating Profit eased to Rs 957.53 Cr from Rs 1,125.51 Cr, down 14.92%, even as revenue rose. This is the supplied profit line that sits between revenue and net profit, and it shows the pressure on profit this quarter.

FY27 Outlook After MRF Q2 Results

The FY27 picture after MRF Q2 Results depends on the quarters still to be reported. This results analysis does not carry management guidance, so the outlook rests on the arithmetic of the supplied figures, which show revenue of Rs 8,660.19 Cr and net profit of Rs 386.99 Cr for the quarter.

Full-year FY27 results will depend on how revenue and net profit move through subsequent quarters and on disclosed sector conditions. MRF Q2 Results FY27 set the base for that comparison, and the risks below describe what the supplied data says investors should watch next.

Key Risks to Watch After MRF Q2 Results FY27

Net Profit Decline

Net profit fell 26.6% year on year to Rs 386.99 Cr. This is the largest drop among the supplied profit lines and the first point to track in the next set of quarterly results.

Narrower Net Profit Margin

Net profit margin narrowed to 4.5% from 7.1% in the comparison quarter. Revenue growth did not carry through to profit, a gap that MRF Q2 Results FY27 bring into focus alongside the YoY growth in sales.

Sequential Profit Decline

Net profit was down 21.9% quarter on quarter from Rs 495.35 Cr. A fall against the previous quarter as well as the year-ago quarter is a second reference point for readers tracking the trend.

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Conclusion

MRF Q2 Results FY27 present a consolidated quarter in which revenue grew 17.37% while net profit fell 26.63%. For readers of the quarterly results, the MRF Q2 Results picture is one of higher sales and lower profit. Readers can follow MRF on Univest for later updates, and investors should consult a SEBI-registered advisor before acting on any consolidated results.

Frequently Asked Questions on MRF Q2 Results FY27

What are MRF Q2 Results FY27?

Ans. MRF Q2 Results FY27 are the consolidated quarterly results of MRF for July to September 2026, declared on 10 November 2026. Alongside this, they show revenue of Rs 8,660.19 Cr, as the Financial Highlights table sets out.

What is the results date for MRF Q2 Results FY27?

Ans. The results date for MRF Q2 Results FY27 is 10 November 2026, when MRF declared its consolidated numbers, which means the July to September 2026 quarter is now reported in full and covered in the Quick Answer.

What revenue was reported in MRF Q2 Results FY27?

Ans. MRF reported consolidated revenue of Rs 8,660.19 Cr in MRF Q2 Results FY27, compared with Rs 7,378.72 Cr a year earlier, so the Performance Analysis section reads this as a rise on the year.

What net profit was reported in MRF Q2 Results FY27?

Ans. Net profit in MRF Q2 Results FY27 came in at Rs 386.99 Cr against Rs 527.43 Cr in the same quarter last year, so the Key Takeaways section treats it as the line that fell this quarter.

How much YoY growth did revenue show in MRF Q2 Results FY27?

Ans. Revenue showed YoY growth of 17.37% in MRF Q2 Results FY27, moving from Rs 7,378.72 Cr to Rs 8,660.19 Cr, while the Performance Analysis section sets this beside the fall in profit.

Did net profit rise or fall in MRF Q2 Results?

Ans. Net profit fell 26.63% year on year in MRF Q2 Results, from Rs 527.43 Cr to Rs 386.99 Cr, which means profit moved against revenue and the Key Risks section follows that decline.

What was the Operating Profit in MRF Q2 Results FY27?

Ans. Operating Profit in MRF Q2 Results FY27 was Rs 957.53 Cr compared with Rs 1,125.51 Cr a year earlier, a fall of 14.92%, so the Business Factors section reads it beside revenue growth.

Are MRF Q2 Results consolidated results or standalone results?

Ans. MRF Q2 Results are consolidated results, covering MRF together with its subsidiaries for the quarter, so the Quick Answer and the Financial Highlights table both state the consolidated basis.

What business factors shaped MRF Q2 Results FY27?

Ans. Revenue growth of 17.4% to Rs 8,660.19 Cr and a return on capital employed of 16.04% in FY26 shaped MRF Q2 Results FY27, as the Key Business Factors section explains in detail.

What are the key risks after MRF Q2 Results FY27?

Ans. The key risks after MRF Q2 Results FY27 are the 26.6% YoY fall in net profit, a narrower net profit margin of 4.5% from 7.1%, and a 21.9% sequential decline, as the risks section details.

What is the outlook after MRF Q2 Results?

Ans. After MRF Q2 Results, the FY27 full-year picture depends on the remaining quarters and disclosed sector conditions, so the Outlook section avoids any guidance that the results themselves do not supply.

Where can I find the complete MRF Q2 Results FY27 data?

Ans. The complete MRF Q2 Results FY27 data, including the revenue, Operating Profit and net profit comparison, sits in the Financial Highlights table above, while the Univest Screener lists MRF with further company details.