Dividend Stock: Tire-making company MF Limited on Thursday announced the results of the 2024-25 December quarter. The company’s consolidate net profit declined to Rs 315 crore in the quarter ended on 31 December 2024. It was Rs 509.71 crore in the same quarter of the last financial year.
In the information sent to the stock market, MRF Limited said that profits have declined by 38 per cent on an annual basis. Tire company’s profit has been hurt due to an increase in the prices of raw materials.
According to regulatory pheeling, the Consolidate Revenue of MRF increased to Rs 7,000.82 crore in the December quarter. It was Rs 6,162.46 crore in the same quarter of a year ago. The company’s total expenditure also increased to Rs 6,674.72 crore in the third quarter. It was Rs 5,557.67 crore in the same quarter of the previous financial year.
The company said the cost of consumed material was Rs 4656.1 crore in the December quarter of the current financial year, which was Rs 3,790.59 crore in the same quarter a year ago.
The MRF said that the Board of Directors have declared the second interim dividend of Rs 3 per equity share per equity share for the financial year ended on 31 March 2025, in their meeting held on February 6, 2025.
MRF dividend record date
The MRF board has announced a second interim dividend of Rs 3 per equity shares (30%) for the financial year 2024-25 ending March 31, 2025. The record date to decide the eligible shareholders was finalized on February 14, 2025. At the same time, the dividend will be paid on or after 25 February, 2025.