MRF Shares Price In Focus As It Will Trade Ex-Dividend On February 14, 2025

Tyre maker MRF share price is in focus on Thursday as it has set February 14 as the record date to decide which shareholders will get the dividend. The company has announced an interim dividend of ₹3 per share.

This means today is the final chance for investors to buy MRF shares if they want to receive the announced dividend.

Understanding Ex-Dividend and Record Dates

The ex-dividend date and record date are important for receiving dividends. The ex-dividend date is when a stock starts trading without the dividend benefit. Investors must own the stock before this date to qualify for the payout.

The record date is when the companyfinalisess the list of eligible shareholders based on its records.

Financial Highlights

MRF’s net profit fell 38% year-on-year to ₹315.5 crore, compared to ₹509.7 crore in the same quarter last year. However, other income increased by ₹20 crore to ₹98 crore.

The company’s revenue grew 13.6% to ₹7,000.8 crore, up from ₹6,162.5 crore a year ago. EBITDA dropped 21% year-on-year to ₹835 crore, while the EBITDA margin declined by 500 basis points to 12% from 17% in the previous year’s quarter.

About MRF

MRF, also known as MRF Tyres, is India’s largest tyre manufacturer and a multinational company. It is based in Chennai. The name MRF comes from its early days when it was called Madras Rubber Factory.

As of February 13, 9:44 AM IST, MRF share price stands at ₹1,10,036.35, up ₹642.20 (0.59%) for the day. The stock opened at ₹1,10,000, reaching a high of ₹1,10,135.30 and a low of ₹1,09,039.50. MRF has a market capitalisation of ₹46,670 crore, a P/E ratio of 26.62, and a dividend yield of 0.18%. The stock’s 52-week high is ₹1,51,445, while its 52-week low is ₹1,06,335.

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