&w=3840&q=100)
MRF shares surge 5% after Q4 results; tyre maker's profit rises 31%
The tyre maker's stock rose as much as 4.8 per cent during the day to ₹1,41,500 per share
SI Reporter Mumbai
Shares of MRF surged nearly 5 per cent after the company reported a 31 per cent year-on-year (Y-o-Y) increase in its profit in the January to March quarter of the previous financial year.
The tyre maker's stock rose as much as 4.8 per cent during the day to ₹1,41,500 per share, to the highest level since October last year. The stock pared gains to trade 4 per cent higher at ₹1,40,355 apiece, compared to a 0.15 per cent advance in Nifty 50 as of 2:11 PM.
Shares of the company have gained nearly 30 per cent from their recent lows of ₹1,08,001 per share, which it hit early last month. The stock has risen 7.5 per cent this year, compared to a 3.5 per cent fall in the benchmark Nifty 50. MRF has a total market capitalisation of ₹59,669.76 crore, according to BSE data.
MRF Q4FY25 analysis
The company reported a standalone net profit of ₹498 crore in the January to March quarter of FY25, as compared to ₹379.5 crore in the same period last year. The jump in the bottom line comes as the revenue from operations rose 11.7 per cent to ₹6,944 crore in the quarter under review. The company reported a revenue of ₹6,215 crore in the same period last year.
Meanwhile, the company's operating margins or earnings before interest, taxes, depreciation and amortisation rose to ₹1,043 crore in the March quarter. The Ebita margin of the tyre manufacturer expanded to 15 per cent from 14.3 per cent earlier.
MRF is India's largest tyre manufacturer and is ranked amongst the top 20 global manufacturers. It is also India's largest original equipment manufacturer (OEM) tyre supplier with a tyre range from two-wheelers to fighter aircraft. The company's manufacturing facilities are located at Trichy, Tiruvottiyur, and Arakonam in Tamil Nadu, Kottayam in Kerala, Ponda in Goa, Medak in Andhra Pradesh and the Union Territory of Pondicherry.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
4 hours ago
- Mint
Infosys shares to be in focus after DGGI closed ₹32,403 crore pre-show cause GST notice
India's second-largest IT firm, Infosys Ltd, received a goods and services tax (GST) demand closure notice on Friday, 6 June 2025. The notice relieved the company from a ₹ 32,403 crore tax order from the Director General of GST Intelligence (DGGI). 'The company has today received a communication from the Director General of GST Intelligence (DGGI) closing the pre-show cause notice proceedings for the financial years 2018-19 to 2021-22,' according to the BSE filing. The data also showed that the DGGI earlier asked for a ₹ 32,403 crore GST demand notice for the issue of non-payment of IGST under the Reverse Charge Mechanism. 'With the receipt of today's communication from DGGI, this matter stands closed,' said Infosys in the BSE filing. Infosys shares closed 0.62 per cent higher at ₹ 1,564.05 after Friday's stock market session, compared to ₹ 1,554.35 at the previous market close. The company received the GST demand closure notice after stock market operating hours on 6 June 2025. IT major shares have given stock market investors more than 126 per cent returns on their investments in the last five years and 4.55 per cent in the last one-year period. On a year-to-date (YTD) basis, the shares have lost 16.71 per cent in 2025. However, the stock is trading 3.74 per cent higher in the last one-month period. Infosys shares hit their 52-week high level at ₹ 2,006.80 on 13 December 2024, while the 52-week low level was at ₹ 1,307.10 on 17 April 2025, according to the data collected from the BSE website. The IT major's market capitalisation (M-Cap) was at ₹ 6,49,739.73 crore as of Friday, 6 June 2025. Infosys's January to March quarter results for the financial year ended 2024-25 witnessed an 11.75 per cent year-on-year (YoY) fall to ₹ 7,033 crore, compared to ₹ 7,969 crore in the same period a year ago, according to the consoldiated financial statements. The revenue from core operations for the fourth quarter rose 8 per cent YoY to ₹ 40,925 crore from ₹ 37,923 crore in the corresponding quarter of the last financial year. Read all stories by Anubhav Mukherjee
&w=3840&q=100)
Business Standard
6 hours ago
- Business Standard
Street signs: Nifty 50 on blade's edge, Swiggy's oven is hot, and more
The market rebound from April lows has turned attention to capital market-linked stocks. BSE, Central Depository Services, and DAM Capital Advisors have each jumped over 30 per cent in the past month Samie Modak Sundar Sethuraman Listen to This Article Nifty 50 on blade's edge: Breakout or breakdown? The Nifty 50 index rose 1 per cent last week, closing at 25,003, but trailed emerging market (EM) peers as the MSCI EM Index climbed over 2 per cent. Trading above its 20-day simple moving average (SMA) of 24,800, the index has remained in a consolidation range for several weeks. Analysts say a breakout above 25,100 could lift the index to 25,400–25,500, reinforcing its upward trend. A slip below 24,800, however, could sour sentiment, potentially pushing the index to retest 24,500. 'The 20-day SMA at 24,800 is a key marker. Holding above
Mint
6 hours ago
- Mint
Infosys shares to be in focus after DGGI closed ₹32,403 crore pre-show cause GST notice
India's second-largest IT firm, Infosys Ltd, received a goods and services tax (GST) demand closure notice on Friday, 6 June 2025. The notice relieved the company from a ₹ 32,403 crore tax order from the Director General of GST Intelligence (DGGI). 'The company has today received a communication from the Director General of GST Intelligence (DGGI) closing the pre-show cause notice proceedings for the financial years 2018-19 to 2021-22,' according to the BSE filing. The data also showed that the DGGI earlier asked for a ₹ 32,403 crore GST demand notice for the issue of non-payment of IGST under the Reverse Charge Mechanism. 'With the receipt of today's communication from DGGI, this matter stands closed,' said Infosys in the BSE filing. Infosys shares closed 0.62 per cent higher at ₹ 1,564.05 after Friday's stock market session, compared to ₹ 1,554.35 at the previous market close. The company received the GST demand closure notice after stock market operating hours on 6 June 2025. IT major shares have given stock market investors more than 126 per cent returns on their investments in the last five years and 4.55 per cent in the last one-year period. On a year-to-date (YTD) basis, the shares have lost 16.71 per cent in 2025. However, the stock is trading 3.74 per cent higher in the last one-month period. Infosys shares hit their 52-week high level at ₹ 2,006.80 on 13 December 2024, while the 52-week low level was at ₹ 1,307.10 on 17 April 2025, according to the data collected from the BSE website. The IT major's market capitalisation (M-Cap) was at ₹ 6,49,739.73 crore as of Friday, 6 June 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
