MRF Q3 Profit Down 38% to Rs 315.46 cr

Feb 06, 2025 13:29

MRF Ltd reported a 38% decline in net profit for the third quarter ended December 2024, impacted by high raw material costs. Revenue from operations increased, but expenses rose significantly.

New Delhi, Feb 6 (PTI) Tyre maker MRF Ltd on Thursday reported a 38 per cent decline in consolidated net profit at Rs 315.46 crore in the third quarter ended December 2024 impacted by high raw material cost.

The company had posted a consolidated net profit of Rs 509.71 crore in the same period last fiscal, MRF Ltd said in a regulatory filing.

Consolidated revenue from operations in the quarter under review stood at Rs 7,000.82 crore, as against Rs 6,162.46 crore in the year-ago period, it added.

Total expenses in the third quarter were higher at Rs 6,674.72 crore, as compared to Rs 5,557.67 crore in the corresponding period last fiscal.

Cost of materials consumed stood at Rs 4,656.1 crore, as compared to Rs 3,790.59 crore in the same quarter a year ago, the company said.

MRF said its board of directors at its meeting held on February 6, 2025 has declared a second interim dividend of Rs 3 per equity share at the rate of 30 per cent for the financial year ending March 31, 2025.

Source: PTI By Rediff Money Desk, New Delhi

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