MRFNSEMRF Limited· TyresMediumNeutral
Announced Thu, 7 May · 13:07 IST

MRF Limited has informed the Exchange about the Re-appointment of Joint Statutory Auditors

Kmp ResignedManagement Changes View source PDF

MRF · price

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Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹130000.00
prior close
₹131365.00
base price
In-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.1+0.3+0.3+0.4-0.8-2.8-2.7-2.7-0.7-5.2-5.5+6.2
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AI summary

MRF Limited reported strong FY2026 financial results with standalone revenue of Rs 30,652 Crores (up 11% YoY) and profit after tax of Rs 2,355 Crores (up 29% YoY). The board recommended a final dividend of Rs 229 per share, which combined with two interim dividends of Rs 3 each totals Rs 235 per share (2350%). Mr. S Dhanvanth Kumar resigned as Company Secretary effective May 7, 2026 due to health reasons, and Mr. Thulsidass T V (previously with Britannia Industries) was appointed as VP, General Counsel and Company Secretary. Joint Statutory Auditors M M Nissim & Co LLP were re-appointed for 5 years subject to shareholder approval.

Likely market impact

Strong financial performance with near 30% profit growth and record dividend signals company health; the KMP change is administrative and unrelated to governance concerns.