MRF records Rs. 1,700 Cr standalone profit before tax

Subscribe to YouTube Channel

Subscribe to Mojo4Industry YouTube Channel and get Latest Industry Updates. Do press Bell Icon to get automated notifications whenever new video is uploaded.

Must Read

Signify launches tailor-made 3D printed luminaires in India

Signify launches tailor-made 3D printed luminaires in India Signify launched India’s first tailor-made 3D printed luminaires. The company has set...

OMRON releases 1S Series AC Servo System with PLe/SIL3 Safety Functions

OMRON releases 1S Series AC Servo System with PLe/SIL3 Safety Functions OMRON Asia Pacific, a global leader in industrial automation...

Maharashtra commits to strengthen power distribution network to attract industries: Dr. Nitin Raut

Maharashtra commits to strengthen power distribution network to attract industries: Dr. Nitin Raut The state energy department would spend Rs...

MRF records Rs. 1,700 Cr standalone profit before tax

MRF’s standalone total income is Rs 16,128.58 crores for the year ended 31st March 2021, as compared to Rs. 16,321.64 crores in the previous year. The standalone profit before tax stood at Rs. 1,700.27 crores for the year ended 31st March 2021, as against Rs. 1,399.32 crores for the previous financial year. Tax expense for the year is Rs 451.21 crores (previous year Rs. 4.34 crores). After making provision for tax expense, the standalone net profit for the year ended 31st March 2021 is Rs 1,249.06 crores as against Rs. 1394.98 crores for the previous financial year.

The Board of Directors have recommended a final dividend of RS. 94/- (940%) per share of RS.10 each. The Company has already declared and paid two interim dividends of RS.3/-each (30%) per share for the financial year ended 31st March, 2021. In addition to the final dividend, the Board has recommended a special dividend of Rs.50/- (500%) per share of RS.10 each in connection with the 60th Annual General Meeting of the Company.

The total dividend for the financial year ended 31st March 2021 (including the special dividend) works out to RS.150/- (1500%) per share of RS. 10 each.

“The second phase of the pandemic has affected our business due to the continuing lockdown in different parts of the country. It is hoped that in a month or two the situation across the country will turn more stable enabling the business to get back to normalcy,” MRF said in a filing to regulatory exchange.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -
isk sodex

Tech Talks

00:03:19

Kerala Tops Again In NITI Aayog Sustainable Development Index, Bihar Last | Industry News on mojo4industry

Kerala Tops Again In NITI Aayog Sustainable Development Index, Bihar Last | Industry News on mojo4industry Kerala has retained the...
- Advertisement -
print v2

More Stories on mojo4industry