MRF registers 54% slump in net profit in Q2 FY22
ROADS & HIGHWAYS

MRF registers 54% slump in net profit in Q2 FY22

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.

Image Source

Also read: JK Tyre to launch eco products in domestic export market

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. Image Source Also read: JK Tyre to launch eco products in domestic export market

Next Story
Technology

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

Next Story
Real Estate

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Next Story
Equipment

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement