MRF Limited , a leading tyre manufacturer in India, has announced its financial results for the second quarter, showcasing robust growth and a commitment to shareholder returns.

Financial Performance

MRF Limited reported a strong financial performance for the quarter:

The company's revenue saw a significant year-on-year increase of 7.24%, rising from Rs. 6,760.37 crore to Rs. 7,249.68 crore. This growth reflects MRF's strong market position and ability to capitalize on the recovering automotive sector.

Net profit also showed impressive growth, increasing by 12.33% from Rs. 455.43 crore in the same quarter last year to Rs. 511.59 crore in the current quarter. This improvement in profitability indicates effective cost management and operational efficiency.

Dividend Announcement

In a move that will please shareholders, MRF's Board of Directors has declared an interim dividend of Rs. 3 per equity share. The company has set the following key dates for the dividend:

• Record Date: November 21
• Payment Date: On or after December 5

This dividend announcement underscores MRF's commitment to delivering value to its shareholders while maintaining a strong financial position.

Corporate Governance and Auditor's Review

The unaudited financial results for the quarter and half-year ended September 30 were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 14. The results have also undergone a Limited Review by the Statutory Auditors, ensuring transparency and compliance with regulatory requirements.

Credit Rating

MRF Limited continues to maintain strong credit ratings, reflecting its financial stability and creditworthiness. The company's rating agency, CARE, has reaffirmed the following ratings:

• "CARE AAA" for Non-Convertible Debentures and Long-term Banking Facility
• "CARE A1+" for Short-term Banking Facility

These top-tier ratings indicate MRF's strong capacity to meet its financial obligations, which is crucial for investor confidence and future fundraising activities.

Conclusion

MRF Limited's Q2 results demonstrate the company's resilience and growth potential in a competitive market. The significant increase in revenue and profitability, coupled with a shareholder-friendly dividend policy, positions MRF well for continued success. Investors and market watchers will likely keep a close eye on MRF's performance in the coming quarters, especially given the ongoing challenges and opportunities in the automotive and tyre industries.

MRF Limited , a leading tyre manufacturer in India, has announced a significant move towards sustainable energy sourcing. The company has entered into a power supply and consumption agreement with Serentica Renewables India 26 Private Limited, aiming to boost its renewable energy supply for operations.

Key Details of the Agreement

• Investment Amount: MRF plans to invest ₹99.00 crores to acquire up to 26% equity stake in Serentica Renewables India 26 Private Limited.
• Power Source: The agreement covers the purchase of solar and wind power under the captive power policy of the Government.
• Completion Timeline: The acquisition is expected to be completed by July 31, 2026.

About Serentica Renewables India 26 Private Limited

Serentica Renewables India 26 Private Limited is a newly incorporated company, established on May 5, 2025. Here are some key details:

• Corporate Identification Number: U35105HR2025PTC131608
• Registered Office: RMZ Infinity, 5th Floor, Plot No-15, Udyog Vihar, Phase-IV, Gurugram-122015, (Haryana) India
• Business Focus: Engaged in renewable energy, acting as a developer to build, own, operate, maintain, and manage hydel, solar, wind, geothermal, energy storage, and other alternate sources of energy.
• Current Status: As a newly incorporated entity, the company has not yet started commercial operations, and its turnover is currently nil.

Strategic Implications for MRF

This move by MRF aligns with the growing trend of large corporations investing in renewable energy sources. By acquiring a stake in Serentica Renewables, MRF aims to:

1. Enhance its renewable power supply sources
2. Potentially reduce long-term energy costs
3. Improve its environmental sustainability profile

Regulatory Compliance

MRF has confirmed that this acquisition does not fall under related party transactions, and no governmental or regulatory approvals are required for the acquisition.

This strategic investment by MRF demonstrates the company's commitment to sustainable practices and long-term energy security. As the renewable energy sector continues to grow, such partnerships between established manufacturers and renewable energy providers are likely to become more common, driving the transition towards cleaner energy sources in the industrial sector.