In a recent Board of Directors meeting, MRF Limited announced an interim dividend of ₹3 per equity share, representing a 30% payout for the financial year ending on March 31, 2025. This interim dividend reflects the company’s commitment to delivering value to its shareholders.
Key details of the dividend announcement include:
- Dividend Amount: ₹3 per equity share (30%).
- Record Date: The company has set Tuesday, November 19, 2024, as the record date. Shareholders holding MRF shares on this date will be eligible to receive the interim dividend.
- Payment Date: The dividend will be paid on or after November 29, 2024.
This interim dividend underscores MRF’s robust financial health and its focus on shareholder returns amidst challenging market conditions.
MRF Ltd. reported its Q2 FY25 standalone financial results, showcasing a mixed performance:
- Revenue from Operations: ₹6,760.37 crore, up from ₹6,087.56 crore in Q2 FY24, reflecting an increase of approximately 11.1% YoY. On a QoQ basis, revenue decreased from ₹7,077.84 crore in Q1 FY25, down by 4.5%.
- Profit Before Tax (PBT): ₹610.88 crore in Q2 FY25, down from ₹773.46 crore in Q2 FY24, marking a decline of 21% YoY. PBT also dropped on a QoQ basis from ₹750.88 crore in Q1 FY25, a decrease of 18.6%.
- Net Profit (PAT): ₹455.43 crore in Q2 FY25, lower than ₹571.93 crore in Q2 FY24, showing a 20.4% YoY decline. Compared to Q1 FY25, where PAT was ₹562.55 crore, there was a sequential drop of 19%.
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