+
 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

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?