MRF's consolidated net profit for December quarter increased by 17%
Equipment

MRF's consolidated net profit for December quarter increased by 17%

The third quarter ended December 31, 2022, saw a 17% increase in the consolidated net profit from continuing operations at Rs 1.74 billion, according to the tyre manufacturer MRF.

In the same quarter of the previous fiscal year, the company reported a consolidated net profit from continuing operations of Rs 1.49 billion.

Total operating revenue for the reviewed period was Rs 56.44 billion as opposed to Rs 49.20 billion during the same period last year.

In the third quarter, total expenses were higher at Rs 54.84 billion than they were in the same quarter a year prior at Rs 47.87 billion.

For the fiscal year ending March 31, 2023, the board of directors has declared a second interim dividend of Rs 3 per equity share (at 30%).

The business added that its board has also accepted Arun Mammen's re-appointment as its Managing Director for a further five years, beginning on April 1, 2023, with the position "Vice Chairman & Managing Director."

The re-appointment will be approved by the shareholders via postal poll.

Also read:
Ceat plans to invest in off-highway tyres segment: Anant Goenka
BKT launches EARTHMAX Crusher Haul & EARTHMAX SR 34


The third quarter ended December 31, 2022, saw a 17% increase in the consolidated net profit from continuing operations at Rs 1.74 billion, according to the tyre manufacturer MRF. In the same quarter of the previous fiscal year, the company reported a consolidated net profit from continuing operations of Rs 1.49 billion. Total operating revenue for the reviewed period was Rs 56.44 billion as opposed to Rs 49.20 billion during the same period last year. In the third quarter, total expenses were higher at Rs 54.84 billion than they were in the same quarter a year prior at Rs 47.87 billion. For the fiscal year ending March 31, 2023, the board of directors has declared a second interim dividend of Rs 3 per equity share (at 30%). The business added that its board has also accepted Arun Mammen's re-appointment as its Managing Director for a further five years, beginning on April 1, 2023, with the position Vice Chairman & Managing Director. The re-appointment will be approved by the shareholders via postal poll. Also read: Ceat plans to invest in off-highway tyres segment: Anant Goenka BKT launches EARTHMAX Crusher Haul & EARTHMAX SR 34

Next Story
Infrastructure Energy

Coal Ministry to Launch Digital Exploration Module

The Ministry of Coal will unveil a digital Exploration Module on the Single Window Clearance System (SWCS) on 4 July 2025. Developed with CMPDIL, the module digitises the end-to-end coal exploration approval process—from submission to clearance—ensuring faster, transparent decision-making.This addition enhances SWCS, which already hosts Mining Plan, Mine Opening, and Clearance modules integrated with NSWS and PARIVESH. The portal has reduced proposal processing time by 50%, bolstering India’s energy security and e-governance vision. ..

Next Story
Infrastructure Urban

Govt Launches 3-Month Financial Inclusion Drive

The Department of Financial Services has launched a 3-month nationwide campaign (July–Sept 2025) to saturate Financial Inclusion schemes at the Gram Panchayat and Urban Local Body levels. Key activities include opening bank accounts under PMJDY, enrolment in PMJJBY, PMSBY, and APY, and conducting digital fraud awareness sessions.The first day saw camps in over 2,000 GPs with enthusiastic public participation. The campaign targets all 2.7 lakh GPs and ULBs in India. ..

Next Story
Infrastructure Urban

Cabinet Approves Rs 1 Lakh Cr RDI Scheme for Innovation

The Union Cabinet has approved the Research Development and Innovation (RDI) Scheme with a Rs 1 lakh crore outlay to boost private sector R&D in strategic and emerging areas. The scheme offers long-tenure, low-interest funding to support innovation, technology adoption, and competitiveness.Governed by the Anusandhan National Research Foundation, the scheme will include a two-tier fund structure and support deep-tech startups, acquisition of critical technologies, and high TRL projects. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?