MRF Reports 37% Increase in Q4 Profit, Declares Dividend of ₹229 per Share
MRF Q4 Results: Profit rises 37% YoY to Rs 680 crore; co declares Rs 229 per share dividend
The Economic Times
Image: The Economic Times
MRF, a leading tyre manufacturer in India, reported a 37% year-on-year increase in standalone net profit to ₹680 crore for the fourth quarter. The company also announced a final dividend of ₹229 per share, pending shareholder approval.
- 01Standalone net profit rose by 37% YoY to ₹680 crore.
- 02Revenue from operations increased by 14% YoY to ₹7,908 crore.
- 03The previous year's profit was ₹498 crore.
- 04Final dividend of ₹229 per share proposed.
- 05Dividend approval is subject to the upcoming annual general meeting.
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MRF, an Indian tyre manufacturer, reported a significant 37% year-on-year growth in its standalone net profit for the fourth quarter, reaching ₹680 crore compared to ₹498 crore in the same period last year. The company's revenue from operations also saw an increase of 14%, totaling ₹7,908 crore against ₹6,944 crore in the previous fiscal year's fourth quarter. Additionally, MRF's board has proposed a final dividend of ₹229 per share, which will require approval from shareholders at the upcoming annual general meeting. This strong financial performance reflects MRF's robust market position and operational efficiency.
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The increase in profit and dividend may enhance shareholder confidence and attract potential investors, benefiting the company's market reputation.
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