Mumbai, Feb. 6 -- Profit before exceptional items and tax soared 134.47% YoY to Rs 994.56 crore during the quarter, with exceptional items of Rs 77.20 crore related to labour code compliance.

Total expenses increased 7.58% to Rs 7,180.45 crore in Q3 FY26, compared with Rs 6674.72 crore in Q3 FY25. Cost of material consumed stood at Rs 4,688.45 crore (up 0.69% YoY), employee benefit expenses stood at Rs 522.48 crore (up 9.09% YoY) while finance cost stood at Rs 91.23 crore (down 2.58% YoY) during the period under review.

On the margins front, MRF's operating margin climbed 11.94% in Q3 FY26 from 6% in Q3 FY25. Net profit margin improved to 8.46%, up from 4.44% in Q3 FY25.

Meanwhile, the company's board declared a dividend of Rs 3 per sh...