Tire manufacturer MRF Limited said on Wednesday that its integrated net profit for the January-March quarter increased by 29.28 percent to Rs 512.11 crore. MRF reported its quarterly result to the stock market. The company had earned a net profit of Rs 396.11 crore from current operations in the same period of a year ago.
In the quarter under review, the operational income of MRF increased to Rs 7,074.82 crore, which was Rs 6,349.36 crore in the same period of a year ago. The MRF said that its total expenditure in the March quarter of FY 2024-25 was Rs 6,526.87 crore as compared to Rs 5,915.83 crore a year ago.
Company’s profit decreased
The company’s integrated net profit declined to Rs 1,869.29 crore in the entire financial year (2024-25), while it was Rs 2,081.23 crore in the last financial year. During this period, the operational revenue increased from Rs 25,169.21 crore to Rs 28,153.18 crore.
MRF will give a dividend of Rs 229
With the announcement of the results of the fourth quarter and financial year of January-March, MRF announced a dividend of Rs 2290% or 229 rupees to shareholders. After this, MRF shares saw a rise of 3 percent on Wednesday. However, MRF has not set a record date for identification of eligible shareholders for dividends. About which the company will share the information later.
Let us tell you that according to the exchange filing, the company has already released two interim dividends of Rs 3 per equity share for the financial year ended on 31 March 2025, while the entire business has given a dividend of Rs 235 on a face value of Rs 10 for the entire business year. Its dividend yield is 0.14% at the current share price.
MRF shares rise after the result
After the January-March quarter results, the MRF shares saw a tremendous rise in the stock market. MRF shares rose by 4.8 per cent to Rs 1,41,500 in the intraday trade, which was closed to Rs 1,34,990 on Tuesday. MRF shares have gained a strong lead of more than 27 percent during the last one month, while in a period of 6 months, there has been a jump of more than 15 percent.