MRF registers 54% slump in net profit in Q2 FY22

11 Nov 2021 CW Team

On Tuesday, tyre producer MRF recorded a 54% drop in consolidated net profit at Rs 189.06 crore for the second quarter ended September 30, 2021.

The firm had registered a net profit of Rs 410.92 crore in the July-September term of the past financial year.

In a regulatory filing, MRF said that the income from operations surged to Rs 4,907.81 crore in the second quarter as against Rs 4,244.43 crore in the previous year.

The firm said its board has announced an interim dividend of Rs 3 per equity share (30%) for the financial year ending March 31, 2022.

Additionally, it said that the interim dividend will be given on or after December 3, this year.

The firm's shares were trading 1.79% down at Rs 78,427.25 apiece on the BSE.

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