MRF Shareholders Approve Rs 235/Share Dividend for FY26
By ThePip Desk
MRF Ltd. shareholders approved a final dividend of Rs 229/share for FY26, bringing the total payout to Rs 235/share. The company also reported strong Q4 FY26 financial performance.
MRF Ltd. shareholders have approved a final dividend of Rs 229 per equity share for the financial year ending March 31, 2026. This decision, made at the Annual General Meeting (AGM) held on Thursday via video conferencing, brings the total dividend for fiscal 2026 to Rs 235 per share.
Dividend Breakdown
- Final Dividend: Rs 229 per equity share
- Interim Dividends: Two payouts of Rs 3 each
- Total FY26 Dividend: Rs 235 per equity share
- Shareholder Approval: All 11,57,328 participating shareholders
The approval for the final dividend was unanimous among all participating shareholders during the virtual AGM. Alongside the dividend, shareholders also sanctioned the reappointment of Varun Mammen and Dr. Cibi Mammen as directors to the board.
Q4 FY26 Financial Performance
- Net Profit: Surged by 36.7% to Rs 680 crore
- Revenue from Operations: Increased by 13.9% year-on-year to Rs 7,908 crore
- EBITDA: Rose by 21.1% to Rs 1,263 crore
- EBITDA Margin: Expanded to 16% from 15%
This robust financial performance in the fourth quarter of FY26 underpins the company’s commitment to enhancing shareholder value. The strong earnings, coupled with the dividend approval, reflect MRF’s operational efficiency despite prevailing input cost challenges.