MRF reported a net profit of ₹379.6 crore for the fourth quarter of FY24, a decline of 7.6% from ₹410.7 crore in the year-ago period.
Read More: Rs 2 dividend, June 14 record date: Good news from Adani Group company
The tyre manufacturer MRF’s Q4FY24 revenue rose 8.6 % to ₹6,215.1 crore from ₹5,725.4 crore, YoY.
The board of directors of MRF have recommended a final dividend of ₹194 per share, amounting 1,940%, of ₹10 each.
The Company has already declared and paid two interim dividends of ₹31 each-per share for the financial year ended March 2024. The total dividend for the FY24 works out to ₹200 per share, or 2000%, per share of ₹10 each, the company said.
Read More: YES Bank, ANQ launch co-branded credit cards ‘Pi’ and ‘Phi’ – Know unique features and benefits
At 1:20 pm, MRF shares were trading 4.10% lower, or down by ₹5,484.45, at ₹1,28,441.80 apiece on the BSE.
