MRF Q3 Profit Surges to Rs 509.71 Crore | Business News
By Rediff Money Desk, CHENNAI Feb 09, 2024 13:14
MRF Ltd. reported a consolidated profit after tax of Rs 509.71 crore for Q3 FY24, a significant increase from the previous year. The company also declared a second interim dividend of Rs 3 per share.
Chennai, Feb 9 (PTI) Chennai-headquartered tyre major MRF Ltd has posted a consolidated profit after tax for the October-December 2023 quarter at Rs 509.71 crore, the company said on Friday.
The company had recorded a consolidated profit after tax at Rs 174.83 crore, during the corresponding period of last year.
For the nine-month period this fiscal, the consolidated profit surged to Rs 1,685.12 crore as compared to Rs 428.29 crore recorded a year ago.
The consolidated total income during the quarter under review went up to Rs 6,240.08 crore, from Rs 5,715.91 crore registered in the same period of last financial year, MRF Ltd said in a BSE filing.
For the nine month period ending December 31, 2023 the consolidated total income stood at Rs 19,042.88 crore, as against Rs 17,349.66 crore registered last fiscal.
The Board of Directors met on Friday and declared a second interim dividend of Rs 3 per equity share (30 per cent) for the financial year ending March 31, 2024. The second interim dividend declared would be paid on or after March 4, 2024, the company said.
The company had recorded a consolidated profit after tax at Rs 174.83 crore, during the corresponding period of last year.
For the nine-month period this fiscal, the consolidated profit surged to Rs 1,685.12 crore as compared to Rs 428.29 crore recorded a year ago.
The consolidated total income during the quarter under review went up to Rs 6,240.08 crore, from Rs 5,715.91 crore registered in the same period of last financial year, MRF Ltd said in a BSE filing.
For the nine month period ending December 31, 2023 the consolidated total income stood at Rs 19,042.88 crore, as against Rs 17,349.66 crore registered last fiscal.
The Board of Directors met on Friday and declared a second interim dividend of Rs 3 per equity share (30 per cent) for the financial year ending March 31, 2024. The second interim dividend declared would be paid on or after March 4, 2024, the company said.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...