Business EconomyPosted at: Feb 6 2025 8:46PM


MRF's consolidated total income up by 13.76 pc in Q3

Chennai, Feb 6 (UNI) Tyre manufacturing major MFR on Thursday announced that its
consolidated total income increased by 13.76% to Rs 7,098.90 crores for the quarter
ended December 31, 2024 as compared to Rs 6,240.08 crores for the corresponding
quarter last year.
The consolidated profit before tax stood at Rs 424.18 crores for the quarter as compared
to Rs 682.41 crores.
Provision for tax for the quarter is Rs 108.72 crores. After making provision for tax, the
consolidated net profit is Rs 315.46 crores as against Rs 509.71 crores.
The increase in sales was driven by growth in replacement sales/institutional sales and
exports.
The strong growth in export sales witnessed during the earlier quarters of the financial
year continued during the 3rd quarter, a company release said.
The company continues to be a significant player in the Electric Vehicle segment and
supplies tyres to major manufacturers of electric vehicles.
Input cost environment was challenging because of rising commodity prices.
Higher raw material costs (including natural rubber and crude based raw materials) and
also a stronger US Dollar contributed to an overall increase in expenses, it said.
The Board of Directors have declared a Second Interim dividend of Rs 3/- (30%) per
share of Rs.10 each for the year ending March 31, 2025.
UNI GV 2043
Please log in to get detailed story.
Tags: #MRF's consolidated total income up by 13.76 pc in Q3
More News

Bajaj Finance posts strong FY25, net profit rises 17 pc

29 Apr 2025 | 10:30 PM

Mumbai, Apr 29 (UNI) Bajaj Finance Ltd capped off FY25 with a robust financial performance, reporting a 17% year-on-year rise in consolidated net profit to Rs 4,480 crore for the March quarter.

see more..

SDHI, Wheel & Time ink MoU for India’s 1st integrated F A S T logistics ecosystem for heavy fabrication

29 Apr 2025 | 10:24 PM

Mumbai, Apr 29 (UNI) Swan Defence and Heavy Industries Limited (SDHI) on Tuesday signed a strategic memorandum of understanding (MoU) with Wheel & Time Shipping Transport Logistics, to launch India’s first integrated F.A.S.T. (Fabrication, Assembly, Storage, and Transportation) commercial logistics ecosystem at its state-of-the-art shipyard in Pipavav, Gujarat.

see more..

IndusInd Bank’s CEO Sumanth resigns due to ongoing ‘derivatives' discussion

29 Apr 2025 | 8:31 PM

Hyderabad/ Mumbai, Apr 29 (UNI) A day after the resignation of Induslnd bank’s Deputy CEO Arun Khurana in the wake of accounting lapses costing Rs 1,960 crore in the fiscal ended March 2025 to the lender, IndusInd Bank’s CEO Sumanth Kathpalia has also resigned with immediate effect on Tuesday.

see more..

Netradyne partners with Eminent Transit

29 Apr 2025 | 8:01 PM

Bengaluru, Apr 29 (UNI) AI-powered fleet safety solutions provider Netradyne on Tuesday said it expects to achieve profitability within this calendar year, even as it announced a strategic partnership with corporate transport leader Eminent Transit to scale adoption of its advanced safety technology across India.

see more..

RenewBury announces foray into auto loan segment with RB Wheelz

29 Apr 2025 | 7:45 PM

Hyderabad, Apr 29 (UNI) Leading Insurtech RenewBuy on Tuesday announced its foray into the auto loan segment with RB Wheelz.

see more..