MRF Shares in Focus as They Trade Ex-Date For Dividend

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.

Understanding Ex-Dividend and Record Dates

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.

Financial Performance

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.

About MRF

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.

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