MRF Ltd share price declined by 1.29% to Rs 125070.85 after the company's net profit tanked by 21.88% to Rs 386.99 crore, while revenue from operations slightly gained 2.91% to Rs 8660.19 crore in Q2FY27 over Q2FY26.

The market capitalization of Tyres & Rubber Products industry group stocks on BSE stood at Rs 1.63 lakh crore, gaining 7.59%. It has inched up 4.44% over last one week and dipped slightly by 4.49% in last one month while the market capitalization of MRF Ltd has improved by 6.03% and 4.52% in the same period respectively.

Profit before tax (PBT) of MRF Ltd stood at Rs 521.81 crore in Q2 FY27, nosediving by 25.50% year-on-year, and tanking 19.68% quarter-on-quarter. EBITDA came in at Rs 826 crore, tumbling by 18.63% YoY and easing 3.84% sequentially.

Total expenses posted a minor rise of 3.81% to Rs 8172.45 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 6552.57 crore, increasing 11.93% YoY, while employee benefits expense was at Rs 520.83 crore, ticking higher by 4.19% YoY.

For FY26, revenue from operations advanced 10.64% to Rs 31149.01 crore, while net profit surged by 29.51% to Rs 2426.1 crore, compared to previous FY. EBITDA soared by 376236% to Rs 4395.95 crore, and PBT jumped 29.77% to Rs 3222.14 crore compared to previous FY.

The company's consolidated net cash flow from operating activities stood at Rs 4590.3 crore in FY26, as against Rs 1867.8 crore in FY25.

MRF Ltd nosedived by 20.76% in last one year, underperforming the benchmark BSE Sensex which has slipped by 2.91% during the same period.