MRF share price is in focus as they will trade ex-date for dividend today. The company has declared an interim dividend of ₹3 per share.
The ex-dividend date marks when a stock trades without the dividend benefit, meaning investors must own the shares before this date to receive the dividend. The record date is when the company finalises the list of eligible shareholders.
MRF reported a 38% decline in net profit, which fell to ₹315.5 crore from ₹509.7 crore in the same quarter last year. However, other income rose by ₹20 crore to ₹98 crore.
Revenue increased 13.6% year-on-year to ₹7,000.8 crore, up from ₹6,162.5 crore. Despite revenue growth, EBITDA dropped 21% YoY to ₹835 crore, and the EBITDA margin shrank by 500 basis points to 12% from 17% in the previous year’s quarter.
MRF, India’s largest tyre manufacturer, is headquartered in Chennai. It was initially known as Madras Rubber Factory before rebranding as MRF Tyres.
As of February 14, 2025, at 9:53 AM IST, MRF share price stands at ₹1,09,808.40, up by ₹41.40 (0.038%) for the day. The stock opened at ₹1,09,688, reaching a high of ₹1,10,598.75 and a low of ₹1,09,072.10. MRF has a market capitalisation of ₹46,510 crore, a P/E ratio of 26.53, and a dividend yield of 0.18%. The stock’s 52-week high is ₹1,51,445, while its 52-week low is ₹1,06,335.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Feb 14, 2025, 10:12 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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