India’s largest tyre manufacturer MRF Ltd. is set to declare its Q3 results this week. The company has already intimated its Q3 earnings schedule to the NSE and the BSE.
Started in 1946, the Chennai-based company manufactures rubber products including tyres, treads, tubes and conveyor belts, paints and toys. With a market cap of over Rs 48,000 crore, MRF is one of the top 20 tyre manufacturers in the world. MRF is the first and only Indian supplier of tyres for the Sukhoi SU-30 fighter aircraft of the Indian Air Force.
Here is everything you need to know about MRF Q3 results:
MRF Q3 Results: Date And Time
MRF Ltd. said that its board of directors will meet on Thursday, Feb. 6 to consider and approve the financial results for the October-December quarter.
“This is to inform you that the meeting of the Board of Directors of our Company will be held on Thursday, 6th February 2025 inter alia to transact the following business: 1) To consider and approve the Standalone and Consolidated Unaudited Financial Results of the Company for the quarter and nine months ended 3rd December, 2024,” the company said in a stock exchange filing on Jan. 29.
MRF Q3 Interim Dividend
The board of directors will also meet to consider the declaration of the Second Interim Dividend, if any. “It is further informed that the Record Date for payment of Interim Dividend, if declared, will be Friday, 14th February 2025,” MRF said in the filing.
MRF had declared an interim dividend of Rs 3 per equity share for its shareholders in Nov. 2024.
MRF Share Price History
While shares of MRF Ltd. have performed decently in the short term but have been on a decline over the year. The stock has risen 2.36% in the past five trading sessions on the NSE but declined 6.61% and 15.92% over the past month and six months respectively. Over the last year, MRF shares have tumbled 18.99%.
MRF Q2 Result Highlights
MRF reported an 11% year-on-year increase in its consolidated revenue to Rs 6,881.09 crore in Q2, compared to Rs 6,217.1 crore in the same period last fiscal. The company’s net profit saw a 20% decline, falling to Rs 470.7 crore from Rs 586.66 crore in the same quarter last year. Ebitda dropped by 12.6% YoY reaching Rs 1,011.5 crore, down from Rs 1,156.9 crore, while the margin narrowed to 14.69% from 18.6%.
. Read more on Earnings by NDTV Profit.MRF had declared an interim dividend of Rs 3 per equity share for its shareholders in Nov. 2024. Read MoreQuarterly Earnings
NDTV Profit
