MRF Dividend: India's most expensive stock MRF Limited has declared an interim dividend of ₹3 per equity share for the financial year ending March 31, 2027, translating into a dividend payout of 30% on the face value of ₹10 per share.
The company has fixed Tuesday, November 17, 2026, as the record date to determine shareholders eligible to receive the interim dividend. The dividend will be paid on or after December 1, 2026.
The dividend announcement came alongside the company's September-quarter results, in which MRF reported a 28% year-on-year decline in net profit to ₹369 crore. Higher raw material costs weighed on its profitability, even as revenue from operations registered healthy growth during the July-September quarter. The company's total expenses increased at a faster pace than revenue, offsetting the benefit of resilient tyre demand.
In an exchange filing, MRF said, "The Board of Directors has declared an Interim Dividend of ₹3 (per equity share [30%] of ₹10 each for the financial year ending 31st March, 2027. The Company has fixed Tuesday, 17th November, 2026 [17.11.2026], as the Record Date for payment of Interim Dividend. The Interim Dividend declared will be paid on or after 1st December, 2026 [01.12.2026]."
MRF shareholders will need to take note of November 17, 2026, as the record date for the interim dividend announced by the company. The dividend of ₹3 per equity share represents a 30% payout on the face value of ₹10 each.