MRF Ltd is up for a third straight session today. The stock is quoting at Rs 122922.9, up 1.71% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.25% on the day, quoting at 23745.85. The Sensex is at 78326.94, up 1.28%. MRF Ltd has slipped around 4.15% in last one month. Meanwhile, Nifty Auto index of which MRF Ltd is a constituent, has slipped around 6.42% in last one month and is currently quoting at 23043.85, up 2.55% on the day. The volume in the stock stood at 4286 shares today, compared to the daily average of 7745 shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 123531.3, up 2.07% on the day. MRF Ltd is up 10.35% in last one year as compared to a 20.57% jump in NIFTY and a 40.86% jump in the Nifty Auto index.The PE of the stock is 26.9 based on TTM earnings ending September 24.Powered by Capital Market - Live

MRF announced that the Board of Directors of the Company at its meeting held on 8 November 2024, inter alia, have recommended the interim dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.Powered by Capital Market - Live

The key equity indices continued to trade with limited losses in mid-afternoon trade. The Nifty traded below the 24,150 mark. Media shares extended losses for the second consecutive trading session. At 14:28 IST, the barometer index, the S&P BSE Sensex declined 130.77 points or 0.16% to 79,418.29. The Nifty 50 index lost 58.55 points or 0.24% to 24,140.80. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.05% and the S&P BSE Small-Cap index declined 1.35%. The market breadth was weak. On the BSE, 1,383 shares rose and 2,535 shares fell. A total of 102 shares were unchanged. Buzzing Index: The Nifty Media index slipped 1.89% to 1,964.80. The index fell 2.09% in two consecutive trading sessions. Den Networks (down 3.31%), Saregama India (down 2.53%), PVR Inox (down 2.39%), Tips Music (down 2.15%), Network 18 Media & Investments (down 1.89%), Dish TV India (down 1.88%), Hathway Cable & Datacom (down 1.73%), Zee Entertainment Enterprises (down 1.69%), Sun TV Network (down 1.25%) and Nazara Technologies (down 0.96%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper shed 0.12% to 6.900 as compared with previous close 6.908. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 84.3775, compared with its close of 84.3250 during the previous trading session. MCX Gold futures for 5 Dec 2024 settlement fell 0.32% to Rs 77,164. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.01% to 104.50. The United States 10-year bond yield lost 0.69% to to 4.317. In the commodities market, Brent crude for Jan 2025 settlement declined 73 cents or 0.97% to $74.90 a barrel. Stocks in spotlight: MRF declined 1.83% after the company's consolidated net profit declined 19.77% to Rs 470.70 crore despite 10.68% increase in revenue from operations to Rs 6,881.09 crore in Q2 FY25 over Q2 FY24. NRB Bearings jumped 4.29% after the company's consolidated net profit increased 45.92% to Rs 35.94 crore on 8.07% rise in net sales to Rs 301.51 crore in Q2 FY25 over Q2 FY24. State Bank of India declined 2.07%. The bank standalone net profit rose 27.92% to Rs 18,331.44 crore on 15.13% increase in total income to Rs 129,141.11 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Net profit of MRF declined 19.77% to Rs 470.70 crore in the quarter ended September 2024 as against Rs 586.66 crore during the previous quarter ended September 2023. Sales rose 10.68% to Rs 6881.09 crore in the quarter ended September 2024 as against Rs 6217.10 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales6881.096217.10 11 OPM %14.7018.61 - PBDT1040.911142.09 -9 PBT631.18790.61 -20 NP470.70586.66 -20 Powered by Capital Market - Live

Profit before tax (PBT) fell 20.17% YoY to Rs 631.18 crore during the quarter. Total expenses jumped 15.75% YoY to Rs in Q2 FY25. Cost of material consumed stood at Rs 4,740.85 crore (up 26.46%), employee benefit expenses stood at Rs 477.75 crore ( up 7.71% YoY), finance cost was at Rs 83.78 crore (down 2.06% YoY) during the period under review. On margin front, the tyre manufacturer's operating margin contracted to 8.74% in Q2 FY25 as against 12.96% in Q2 FY24. Net profit margin reduced to 6.73% in Q2 FY25 from 9.33% in Q2 FY24. Meanwhile, the company's board declared an interim dividend of Rs 3 per share for FY25. The company has fixed Tuesday, 19th November, 2024 as the record date for the purpose of payment of interim dividend. The interim dividend will be paid on or after 29th November 2024. MRF is engaged in the manufacture of rubber products such as tyre, tubes, flaps, tread rubber and/or trading in rubber and rubber chemicals.Powered by Capital Market - Live

MRF has fixed 19 November 2024 as record date for payment of interim dividend of Rs 3 per share for FY2025. The dividend will be paid on or after 29 November 2024. Powered by Capital Market - Live

MRF has fixed 19 November 2024 as record date for interim dividend, if declared. Powered by Capital Market - Live

MRF Ltd fell for a fifth straight session today. The stock is quoting at Rs 129687.8, down 1.02% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.3% on the day, quoting at 24982.55. The Sensex is at 81590.97, down 0.28%.MRF Ltd has eased around 4.09% in last one month.Meanwhile, Nifty Auto index of which MRF Ltd is a constituent, has eased around 0.25% in last one month and is currently quoting at 26242.6, down 1.56% on the day. The volume in the stock stood at 3194 shares today, compared to the daily average of 6698 shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 129910.1, down 1.28% on the day. MRF Ltd jumped 16.96% in last one year as compared to a 26.1% rally in NIFTY and a 56.35% spurt in the Nifty Auto index.The PE of the stock is 27.49 based on TTM earnings ending June 24.Powered by Capital Market - Live

However, revenue from operations grew by 11.74% to Rs 7,196.45 crore in Q1 FY25 from Rs 6,440.29 crore recorded in Q1 FY24. Profit before tax in Q1 FY25 was at Rs 762.91 crore, down 3.07% as against Rs 787.06 crore reported in the same period a year ago. Total expense jumped 13.79% year on year to Rs 6,517.58 crore during the quarter. Cost of materials consumed was at Rs 4370.55 crore (up 15.6% YoY) while EMPLOYEE benefits expense stood at Rs 457.58 crore (up 7.87% YoY) during the period under review. On the margins front, the company's operating margin reduced to 10.61% in Q1 FY25 as compared with 12.37% recorded in Q1 FY24. Net profit margin declined to 7.84% in Q1 FY25 from 9.04% registered in Q1 FY24. MRF is engaged in the manufacture of rubber products such as tyre, tubes, flaps, tread rubber and/or trading in rubber and rubber chemicals. Shares of MRF rallied 4.66% to Rs 1,40,935 on the BSE. Powered by Capital Market - Live

Net profit of MRF declined 3.01% to Rs 571.02 crore in the quarter ended June 2024 as against Rs 588.75 crore during the previous quarter ended June 2023. Sales rose 11.74% to Rs 7196.45 crore in the quarter ended June 2024 as against Rs 6440.29 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales7196.456440.29 12 OPM %16.1117.54 - PBDT1158.991120.32 3 PBT762.91787.06 -3 NP571.02588.75 -3 Powered by Capital Market - Live