Main tyre maker MRF Ltd has reported a 40 per cent decline in standalone internet revenue at ₹307 crore for the quarter that ended December 31, 2024, when in comparison with ₹508 crore within the year-ago interval.
The Board of Administrators declared a second interim dividend of ₹3 per share (30 per cent) for the monetary 12 months ending March 31.
The enter value surroundings was difficult on account of rising commodity costs. Increased uncooked materials prices (together with pure rubber and crude-based uncooked supplies) and a stronger greenback contributed to an general improve in bills, stated an organization assertion.
Throughout the interplay with businessline on the Bharat Mobility World Expo 2025, Arun Mammen, Vice Chairman & Managing Director, of MRF highlighted the rising value of uncooked materials, noting that crude oil was priced at about $80 per barrel, up from $70 six months in the past. He additionally identified that the rupee-dollar trade fee surpassed 86, leading to a 4-5 per cent devaluation, which has considerably impacted enter prices, particularly that of uncooked supplies.
Uncooked supplies represent greater than 60–65 per cent of prices. Fluctuating crude costs and the rupee’s devaluation are driving up the prices, since a portion of the supplies is imported.
Complete bills of the corporate rose to ₹6,557 crore in Q3FY25 from ₹5,445 crore in the identical interval final 12 months.
MRF’s income from operations was greater at ₹6,883 crore as in opposition to ₹6,048 crore. Complete earnings stood at ₹6,980 crore (₹6,124 crore in Q3FY24).
Its consolidated whole earnings elevated by 14 per cent to ₹7,099 crore in Q3, as in opposition to ₹6,240.08 crore within the year-ago interval. Provision for tax for the quarter was ₹108.72 crore. After making tax provisions, the consolidated internet revenue for the December quarter was at ₹315.46 crore when put next with ₹510 crore a 12 months in the past.
Gross sales progress was fueled by greater alternative demand, institutional gross sales, and exports. The robust progress in export gross sales witnessed through the earlier quarters of the monetary 12 months continued through the third quarter. The corporate continues to be a major participant within the electrical automobile section and provides tyres to main producers of electrical automobiles, it stated.
