MRF Ltd

MRF Ltd dropped for a fifth straight session today. The stock is quoting at Rs 104650, down 1.02% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.84% on the day, quoting at 22131.1. The Sensex is at 73247.33, down 1.83%.MRF Ltd has lost around 6.84% in last one month.Meanwhile, Nifty Auto index of which MRF Ltd is a constituent, has eased around 8.74% in last one month and is currently quoting at 21335.35, down 3.39% on the day. The volume in the stock stood at 4549 shares today, compared to the daily average of 6657 shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 105190, down 0.96% on the day. MRF Ltd tumbled 28.36% in last one year as compared to a 0.67% rally in NIFTY and a 0.98% spurt in the Nifty Auto index.The PE of the stock is 26.27 based on TTM earnings ending December 24.Powered by Capital Market - Live

MRF announced that the Board of Directors of the Company at its meeting held on 6 February 2025, inter alia, have recommended the 2nd interim dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.Powered by Capital Market - Live

MRF has fixed 14 February 2025 as record date for second interim dividend of Rs 3 per equity share for FY 2025. The dividend will be paid on or after 25 February 2025. Powered by Capital Market - Live

Profit before tax (PBT) stood at Rs 424.18 crore during the December 2024 quarter, down 37.84% YoY. Total expenses spiked 20.1% YoY to Rs 6,674.72 crore in the third quarter of FY25. Cost of material consumed stood at Rs 4,656.10 crore (up 22.83%), employee benefit expenses stood at Rs 469.27 crore (up 4.39% YoY) and finance cost was at Rs 93.65 crore (up 4.06% YoY) during the period under review. On the margin front, the tyre manufacturer's operating margin contracted to 6% in Q3 FY25 as against 11.27% in Q3 FY24. Net profit margin reduced to 4.44% in Q3 FY25 from 8.17% in Q3 FY24. Meanwhile, the company's board declared a second interim dividend of Rs 3 per share for FY25. The company has fixed 14 February 2025 as the record date for the purpose of payment of the interim dividend. The interim dividend will be paid on or after 25 February 2025. MRF is engaged in the manufacture of rubber products such as tyre, tubes, flaps, tread rubber and/or trading in rubber and rubber chemicals. The counter hit a 52-week low of Rs 110,000 in today's intraday session.Powered by Capital Market - Live

Net profit of MRF declined 38.11% to Rs 315.45 crore in the quarter ended December 2024 as against Rs 509.71 crore during the previous quarter ended December 2023. Sales rose 13.60% to Rs 7000.82 crore in the quarter ended December 2024 as against Rs 6162.46 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales7000.826162.46 14 OPM %11.9217.12 - PBDT839.171042.39 -19 PBT424.18682.41 -38 NP315.45509.71 -38 Powered by Capital Market - Live

MRF will hold a meeting of the Board of Directors of the Company on 6 February 2025.Powered by Capital Market - Live

Among the components of the BSE Healthcare index, Ajanta Pharma Ltd (down 3.14%), Dr Lal Pathlabs Ltd (down 2.98%),Aarti Pharmalabs Ltd (down 2.74%),Aurobindo Pharma Ltd (down 2.57%),Neuland Laboratories Ltd (down 2.51%), were the top losers. Among the other losers were Metropolis Healthcare Ltd (down 2.5%), Syngene International Ltd (down 2.27%), ERIS Lifesciences Ltd (down 2.06%), Laurus Labs Ltd (down 1.87%), and Dr Reddys Laboratories Ltd (down 1.86%). On the other hand, RPG Life Sciences Ltd (up 5.38%), Wockhardt Ltd (up 5.36%), and Sequent Scientific Ltd (up 5%) turned up.At 13:42 IST, the BSE SmallCap was up 192 or 0.34% at 56319.2.The BSE 150 MidCap Index index was up 20.31 points or 0.13% at 16221.3.The Nifty 50 index was down 104.9 points or 0.43% at 24083.75.The BSE Sensex index was down 407.52 points or 0.51% at 79536.19.On BSE,2257 shares were trading in green, 1654 were trading in red and 133 were unchanged.Powered by Capital Market - Live

Among the components of the BSE Information Technology index, Tanla Platforms Ltd (down 3.07%), Wipro Ltd (down 2.59%),Magellanic Cloud Ltd (down 2.11%),Tech Mahindra Ltd (down 2.02%),Dynacons Systems & Solutions Ltd (down 1.86%), were the top losers. Among the other losers were Tata Consultancy Services Ltd (down 1.79%), Sasken Technologies Ltd (down 1.78%), Birlasoft Ltd (down 1.62%), KPIT Technologies Ltd (down 1.56%), and Persistent Systems Ltd (down 1.36%). On the other hand, Nucleus Software Exports Ltd (up 7.21%), AXISCADES Technologies Ltd (up 5%), and Datamatics Global Services Ltd (up 3.11%) moved up.At 13:42 IST, the BSE SmallCap was up 192 or 0.34% at 56319.2.The BSE 150 MidCap Index index was up 20.31 points or 0.13% at 16221.3.The Nifty 50 index was down 104.9 points or 0.43% at 24083.75.The BSE Sensex index was down 407.52 points or 0.51% at 79536.19.On BSE,2257 shares were trading in green, 1654 were trading in red and 133 were unchanged.Powered by Capital Market - Live

Among the components of the BSE BANKEX index, HDFC Bank Ltd (up 2.06%), ICICI Bank Ltd (up 1.68%), and State Bank of India (up 0.16%), were the top losers. On the other hand, Yes Bank Ltd (up 2.6%), IndusInd Bank Ltd (up 1.47%), and Canara Bank (up 0.99%) turned up.At 13:42 IST, the BSE SmallCap was up 192 or 0.34% at 56319.2.The BSE 150 MidCap Index index was up 20.31 points or 0.13% at 16221.3.The Nifty 50 index was down 104.9 points or 0.43% at 24083.75.The BSE Sensex index was down 407.52 points or 0.51% at 79536.19.On BSE,2257 shares were trading in green, 1654 were trading in red and 133 were unchanged.Powered by Capital Market - Live

MRF Ltd fell for a fifth straight session today. The stock is quoting at Rs 127650, down 1.21% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.36% on the day, quoting at 24101.80078125. The Sensex is at 79578.85, down 0.46%.MRF Ltd has gained around 0.64% in last one month.Meanwhile, Nifty Auto index of which MRF Ltd is a constituent, has increased around 2.16% in last one month and is currently quoting at 24016.2, up 0.32% on the day. The volume in the stock stood at 4011 shares today, compared to the daily average of 5675 shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 127892.5, down 1.69% on the day. MRF Ltd tumbled 2.93% in last one year as compared to a 11.28% rally in NIFTY and a 31.47% spurt in the Nifty Auto index.The PE of the stock is 28.76 based on TTM earnings ending September 24.Powered by Capital Market - Live