Large Cap Tyres Sector Stock Sets Record Date For Dividend, Q3 Net Profit Soars 17%

Leading large cap Tyres sector stock, MRF Ltd has fixed February 21, 2023 as the record date for interim dividend. The company has a market capitalisation of Rs 37,720.73 crore. According to a PTI report, Tyre maker MRF Ltd on Thursday reported a 17 per cent rise in consolidated net profit from continuing operations at Rs 174.83 crore for the third quarter ended December 31, 2022.

The company had posted a consolidated net profit from continuing operations at Rs 149.39 crore in the same quarter last fiscal, MRF Ltd said in a regulatory filing. Check details below:

1. MRF Ltd Sets Record Date For Interim Dividend

According to the company's BSE filing, "The Board of Directors has declared a Second Interim Dividend of Rs.3/-per equity share [30%] for the financial year ending 31st March,2023. The Company has fixed Tuesday, 21st February, 2023 [21.02.2023] as the Record Date for the purpose of payment of Second Interim Dividend. The Second Interim Dividend declared will be paid on or after Monday, 6th March,2023 [06.03.2023]."

2. MRF Ltd Stock Performance & Return

The current market price of the stock is Rs 88940.00 apiece. The stock's 52-week high is Rs 95,954.35 and 52-week low is Rs 62,944.50. The stock gave a return of over 1% in last 3-months, over 1% again in last 6-months, and 25% in last 1-year. It rallied over 24% in last 3-years and 26% in last 5-years.

3. MRF Ltd About

By early 60's, MRF was exporting its quality tyres to multiple countries and soon its presence was known globally in 65 different countries - with tyres rolling out of 10 facilities built across 450 acres, 5000 plus strong dealer networks and 130 different offices.

MRF is recognized for its drive towards continuous quality improvement and customer satisfaction. It has won the JD Power award not once but 13 times till date. It has also won the TNS and CAPEXIL awards for being voted as the most trusted tyre company in India, according to its official website.

Disclaimer

The stock have gives details about interim dividend and record date. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.