The shares closed 4.23% higher on Wednesday session at BSE Rs 1,40,670.75.
The tire manufacturer reported net profit of 498 crore for the quarter ended March 2025, compared to 380 crore in the same period last year. Revenue from the business rose 12% during the March quarter, up from Rs 6,944, from Rs 6,215 in the same period last year.
Earnings before interest, tax, depreciation and amortization (EBITDA) increased 18% during the quarter to Rs 1,043. The EBITDA margin for the March quarter increased to 15%, indicating an increase in operational efficiency.
Dividend details
In addition to the results, the company announced a final dividend of Rs 229 per share for FY25. This corresponds to 2290% at a face value of Rs 10.
Despite the sudden payments, the dividend yield on MRF remains at 0.15% based on a dominant stock price of around Rs 1,40,000, according to Trendlyne’s data. The last dividend paid by MRF was Rs 3 per share, a record date of February 14, 2025.Also Read | MRF Q4 Results: When PAT jumps year over year, CO announces dividend of Rs 229 per share
MRF is India’s largest tire manufacturer and one of the top tire manufacturers around the world. The company offers a wide range of tires across the segment, from passenger cars and trucks to motorcycles and agricultural vehicles. It has also diversified over the years into conveyor belts, paints and sports goods.
(Disclaimer: recommendations, suggestions, opinions and opinions given by experts are unique. These do not represent views of the economic era.)