The shareholders of tire company MRF are going to get a final dividend of Rs 229 per share for FY 2024-25. It was announced in May this year during the declaration of results of January -March 2025 quarter and FY 2025. Now the company’s board has announced a record date to decide the eligibility of shareholders for dividends at the July 3 meeting.
Earlier, the MRF has given an interim dividend of Rs 3-3 per share twice for FY 2025. The total dividend given by the company for FY 2025, including the final dividend, will share Rs 235 per share. In FY 2024, the company gave a final dividend of Rs 194 per share and an interim dividend of Rs 3-3 per share in twice.
MRF LTD’s stock closed at Rs 144730.20 on 3 July, down 0.26 percent on BSE. During the day, the stock had climbed about 2 percent from the last closed price to 52 weeks fresh high 147890 rupees. The company’s market cap is more than Rs 61300 crore. According to the BSE, the stock has gained 12 percent in a year, 14 percent in 6 months and 26 percent in 3 months. The company had 27.78 percent stake in the company till the end of March 2025.
Mrf Ltd’s net profit increased by 29 percent to Rs 512.11 crore on an annual basis in January-March 2025 quarter. It was Rs 396.11 crore a year ago. Consolidated revenue from operations increased by 11.4 percent to Rs 7074.82 crore on an annual basis. It was Rs 6349.36 crore a year ago. The expenditure increased to Rs 6526.87 crore, which was Rs 5915.83 crore in the March 2024 quarter.
The MRF’s net profit in the entire financial year 2024-25 was Rs 1869.29 crore, which is less than Rs 2081.23 crore. Revenue rose to Rs 28153.18 crore from the operations, which was Rs 25169.21 crore in FY 2024.