MRF DIVIDEND
MRF shares fall after heavy raw material costs push Q2 profit down. Why Motilal Oswal screams Sell
MRF reported a 27% YoY decline in Q2 consolidated net profit to Rs 387 crore, as a 43% surge in raw material costs offset 17% revenue growth to Rs 8,660 crore. Motilal Oswal maintained its ‘Sell’ rating with a target price of Rs 1.05 lakh, citing margin pressure, rising input costs and demand concerns.
Higher input costs drag MRF Q2 net profit down 23%
Tyre maker MRF Ltd reported a 22.8% decline in net profit for the July-September quarter. Revenue from operations saw a growth of 17.4%, reaching Rs 8,660.19 crore compared to the previous year. However, total expenses also rose significantly, driven by sharp increases in raw material costs. The company announced an interim dividend of Rs 3 per share to its shareholders.
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Dividend alert! MRF announces Rs 3/share interim dividend. Check record date
MRF announced an interim dividend of Rs 3 per share alongside its Q2FY27 results, with November 17 set as the record date. The tyre-maker reported a 13% YoY decline in consolidated net profit to Rs 417 crore.
MRF Q2 Results: Net profit falls 13% YoY to Rs 417 crore, revenue rises 17%; board declares interim dividend
MRF reported a 12.9% YoY decline in consolidated net profit to Rs 417 crore in Q2FY27, despite 17.4% revenue growth. EBITDA fell 14.9%, while the board declared an interim dividend of Rs 3 per share.
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MRF declares Rs 3 interim dividend, February 13 set as record date
Tyre maker MRF announced a second interim dividend of Rs 3 per share for the financial year ending March 31, 2026. This follows a robust Q3 earnings report. Net profit surged significantly, driven by strong operational performance and improved business execution. Revenue saw a healthy increase, with EBITDA jumping considerably. Margins also expanded sharply, reflecting efficient operations.
MRF shares settle 4% higher after Q4 profit jumps 31%, dividend at Rs 229/sh
MRF Ltd's shares surged after reporting a 31% year-on-year increase in Q4 net profit, reaching Rs 498 crore. The company's revenue from operations also rose by 12% to Rs 6,944 crore. Alongside these strong results, MRF announced a final dividend of Rs 229 per share, bringing the total dividend for FY25 to Rs 235 per share.
MRF Q4 Results: Co announces dividend of Rs 229 per share as PAT jumps 31% YoY
Tyre major MRF Ltd declared a final dividend of Rs 229 per share for FY25, taking the total payout to Rs 235. Q4 results showed a 31% YoY jump in net profit to Rs 498 crore and a 12% rise in revenue to Rs 6,944 crore. EBITDA rose 18%, with margins at 15%.
Last day to buy MRF shares for dividend eligibility as stock trades ex-dividend tomorrow
MRF announced an interim dividend of Rs 3 per share for its shareholders. The record date for the dividend was November 19, and the payment will be completed by November 29. The company's stock closed flat at Rs 1,20,662.55 on the BSE on Thursday.
MRF announces Rs 3 per share dividend. Check record date
MRF's board declared an interim dividend of Rs 3 per share for shareholders alongside its Q2 results ending September 30, 2024. November 19 is set as the record date for dividend eligibility.
MRF to trade ex-dividend tomorrow, last chance for Rs 194 dividend eligibility
MRF declared a Rs 194 Q4FY24 dividend per share and a total annual dividend of Rs 200 for FY24, with a July 25 record date. Shares closed at Rs 1,31,267.70 on BSE. Prior dividends include Rs 3 interim and Rs 169 final.
India's highest-priced stock MRF declares Rs 194/share dividend
MRF Dividend: The company reported a consolidated net profit of Rs 396 crore, up from Rs 341 crore reported in the year-ago period. The profit figure was up by 16% on a year-on-year (YoY) basis.
MRF Q3 Results: Consolidated PAT jumps 191% YoY to Rs 510 crore; interim dividend of Rs 3/share declared
MRF Q3 Results: The revenue from operations for the said quarter increased by 9% YoY to Rs 6,162.46 crore from Rs 5,644.55 crore reported by the company in the year-ago period.
MRF Q4 Results: Profit surges 86% YoY to Rs 313 crore; Rs 169/share dividend declared
Its consolidated revenue from operations stood at Rs 5,841.7 crore in Q4 FY23, up 10.12% YoY as compared to Rs 5,304.8 crore in Q4 FY22.
MRF declares 2nd interim dividend of Rs 3 per share. Check record date & other details here
Other income during the quarter rose marginally at Rs 71 crore as against Rs 69 crore in the previous year period. The company's total income rose 15% year-on-year to Rs 5,716 crore for the December quarter. The same was Rs 4,989 crore in the same quarter of last year
MRF Q2 results: Net profit dips 32% to Rs 130 cr
The board also approved enhancement in the issue of non-convertible debentures through private placement from Rs 100 crore to Rs 150 crore. The board had approved the issue at its meeting held on August 9, 2022.
MRF Q4 Results: Profit falls 59% to Rs 165 crore; firm announces Rs 144 dividend
Total expenses during the period under review were higher at Rs 5,142.79 crore compared to Rs 4,425.21 crore in the year-ago quarter, MRF Ltd said, adding that cost of materials consumed also surged higher to Rs 3,293.14 crore from Rs 2,915.19 crore.
Behind the Stock: Why MRF’s interim dividends drew memes and scorn
The dividend payout of Rs 1.27 crore perhaps may not even be worthwhile for the company to undertake the exercise, yet quarter after quarter the company has made a ritual of paying interim dividends of Rs 3 per share.
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