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

Published On 2021-02-12 16:17:05By TyreDekho Team 417 views

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

Latest Tyres

  • Car
  • Bike
  • Dunlop AT 20 Grand Trek
    Dunlop AT 20 Grand Trek
    265/65 R17 110STubeless
    Rs14699
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Firestone FR500
    Firestone FR500
    185/65 R14 86HTubeless
    Rs3491
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • UltraMile UM 551
    UltraMile UM 551
    165/80 R14 85TTubeless
    Rs3505
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Bridgestone B290
    Bridgestone B290
    155/65 R12 77TTube
    Rs2985
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • CEAT CZAR A/T
    CEAT CZAR A/T
    265/65 R17 12STubeless
    Rs10380
    • iconDry Grip
    • iconWet Grip
    • iconHandling
    Contact Dealer
  • Apollo Amazer 3G
    Apollo Amazer 3G
    145/70 R12 69TNA
    Rs2800
    • iconFuel efficient
    • iconDry Grip
    Contact Dealer
  • Pirelli P7
    Pirelli P7
    225/50 R17 94WNA
    Rs10505
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • Birla BT 444
    Birla BT 444
    5.65 R12 6PRTube
    Rs2000
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer

Best Tyres

  • Car
  • Bike
  • CEAT SecuraDrive
    CEAT SecuraDrive
    Tubeless
    Rs4445
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • MRF ZLX
    MRF ZLX
    Tubeless
    Rs2495
    • iconWet Grip
    • iconDry Grip
    Contact Dealer
  • JK Vectra
    JK Vectra
    Tubeless
    Rs2400
    • iconWet Grip
    • iconDry Grip
    • iconHandling
    • iconLow noise
    Contact Dealer
  • JK Taximax
    JK Taximax
    Tubeless
    Rs2800
    • iconFuel Efficient
    • iconWet Grip
    Contact Dealer
  • MRF ZVTV
    MRF ZVTV
    Tubeless
    Rs7325
    • iconWet Grip
    • iconDry Grip
    Contact Dealer
×
Which is your city ?