MRF Q3 Result: Posts More Than Two-Fold Increase in Net Profit To Rs 521 Crore

Published On 12-Feb-2021By TyreDekho Team

MRF reported a net profit of Rs 241.32 crore for the October-December period in 2019

MRF Q3 Result: Posts Two-Fold Increase in Net Profit To Rs 521 Crore

Home grown tyre major, MRF has reported over two-fold rise in its consolidated net profit to Rs 520.54 crore for the third quarter ended December 2020.

The company had reported a net profit of Rs 241.32 crore for the October-December period in 2019.

Revenue from operations increased to Rs 4,641.6 crore in the third quarter, from Rs 4,075.75 crore in the year-ago period, MRF Ltd said in a regulatory filing.

The company's board, which met on Thursday, also approved raising of up to Rs 1,000 crore by way of issuance of non-convertible debentures on private placement basis in one or more tranches.

MRF  has authorised its finance committee to determine the detailed terms and conditions of the issue.

The board of directors also declared a second interim dividend of Rs 3 per share (30 per cent) for the financial year ending March 31, 2021.

Looking for new tyres? Find dealers near you

Source: PTI

You Might Also Be Interested In

Top Rated MRF Tyres

  • icon5
    ZVT
    ZVT
    175/80 R14
    Rs4,559
    • iconCar Tyre
    • iconTubeless
    • iconDry Grip
    • iconWet Grip
    View May Offers
  • ZCC
    ZCC
    145/70 R12 69S
    Rs2,630
    • iconCar Tyre
    • iconTube
    • iconFuel efficient
    • iconWet Grip
    View May Offers
  • icon5
    Zapper C1
    Zapper C1
    100/90 R17
    Rs1,880
    • iconBike Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View May Offers
  • icon5
    Twintread
    Twintread
    6.4/15
    Price Coming Soon
    • iconCar Tyre
    • iconFuel Efficient
    • iconWet Grip
    View May Offers
  • ZVTS A1
    ZVTS A1
    155/65 R14 75S
    Rs3,395
    • iconCar Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View May Offers
  • icon5
    Wanderer
    Wanderer
    265/70 R16
    Rs8,125
    • iconCar Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View May Offers
  • icon5
    ZSLK
    ZSLK
    185/65 R15 88T
    Rs4,715
    • iconCar Tyre
    • iconTubeless
    • iconWet Grip
    • iconDry Grip
    View May Offers
  • icon5
    Muscle Master
    Muscle Master
    175/70 R14 LT 95S MMT UA7-R
    Rs4,205
    • iconCar Tyre
    • iconTubeless
    • iconFuel Efficient
    • iconWet Grip
    View May Offers

Latest Tyres

  • Car
  • Bike
  • Truck

Best Tyres

  • Car
  • Bike
  • Truck
×
Which is your city ?