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MRF Tyres Net Profit Sees A Massive Decline of 54% In The Second Quarter

TNI || New Delhi || 11th Nov 2021

Indian Tyre maker MRF has reported almost a 54% decline in the consolidated net profit for the quarter ending September 30.

The Tyre manufacturing giant has registered the figure of Rs. 189.06 crore as against Rs. 410.92 crore for the same quarter of the previous year.

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The company has disclosed the figures during a regulatory filing.

The report further said that the revenues from operations saw an increase to Rs. 4907.81 crore in quarter two as against to Rs. 4244.43 crore in Q2 of 2020.

In the regulatory filing, the company has also said that its board has declared an interim dividend of Rs. 3/- per share for the FY ending March 31st 2022.

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The statement from the company added that the interim dividend will be paid either on December 31, 2021, or after that.