MRF’s fourth quarter net profit increases by 16 percent to Rs 396 crore

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The tire manufacturer on Friday said its net profit for the full financial year ending March 31, 2024 stood at Rs 2,081 crore, compared to Rs 769 crore in the financial year 2022-23. Operating income increased to Rs 25,169 crore in FY 2023-24, compared to Rs 23,008 crore in 2022-23.

New Delhi. Tire manufacturing company MRF’s consolidated net profit increased by 16 percent to Rs 396 crore in the fourth quarter of financial year 2023-24. The company’s net profit in the fourth quarter (January-March) of the financial year 2022-23 was Rs 341 crore. Operating income increased to Rs 6,349 crore in the fourth quarter of FY 2023-24 compared to Rs 5,842 crore in 2022-23.

The tire manufacturer on Friday said its net profit for the full financial year ending March 31, 2024 stood at Rs 2,081 crore, compared to Rs 769 crore in the financial year 2022-23. Operating income increased to Rs 25,169 crore in FY 2023-24, compared to Rs 23,008 crore in 2022-23. The board of directors of the company has recommended a final dividend of Rs 1,941 per equity share of face value Rs 10. MRF has already paid two interim dividends of Rs 31 per share for FY 2023-24. With this the total dividend for the financial year comes to Rs 2,001 per share.

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