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

Market valuation of five of top-10 most valued firms spikes by Rs 1 54 lakh crore

19 Jul 2026 | 12:09 PM

New Delhi, Jul 19 (UNI) In a week, the market valuation of five of the top-10 most valued firms jumped Rs 1.54 trillion. IT major TCS emerged as the biggest winner, in line with a positive trend in equities. TCS added Rs 72,072.3 crore, taking its market valuation to Rs 8,20,672.70 crore.

see more..

AP: India's largest fashion destination, 'TRENDS' opens store

18 Jul 2026 | 8:14 PM

Guntur, July 18 (UNI) India's largest and fastest growing apparel and accessories specialty chain of Reliance Retail, TRENDS, launched its 7th new Store in Amaravati Road at Guntur in Andhra Pradesh.

see more..

Revanth Reddy announces land for FICCI, reaffirms push for women-led entrepreneurship

18 Jul 2026 | 6:58 PM

Hyderabad, July 18 (UNI) Telangana Chief Minister A Revanth Reddy on Saturday reiterated his government's commitment to women-led development, announcing the allocation of 1,000 square yards of land near Shilparamam in Hitech City for the Federation of Indian Chambers of Commerce and Industry (FICCI) to establish its headquarters and one acre in Bharat Future City to make the organisation a partner in the State's flagship development project.

see more..

Kotak dismisses margin pressure concerns after 26 pc Q1 profit jump

18 Jul 2026 | 5:43 PM

Mumbai, July 18 (UNI) Kotak Mahindra Bank on Saturday sought to allay investor concerns over the quality of its June-quarter earnings after reporting a 26 per cent rise in standalone net profit to ₹4,123 crore, saying its net interest margins (NIM) had stabilised following the Reserve Bank of India's repo rate cycle and that earnings were driven by underlying operating strength rather than merely lower provisioning.

see more..

Kotak Mahindra Bank Q1 profit rises 26 pc as NPAs fall

18 Jul 2026 | 4:17 PM

Mumbai, July 18 (UNI) Kotak Mahindra Bank reported a strong start to the financial year with a 26 per cent jump in standalone net profit to ₹4,123 crore in the first quarter of FY27, supported by robust credit growth, higher deposits and a sharp improvement in asset quality.

see more..