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