MRF Shares Soar 4% as Q4 Net Profit Jumps 29%, Announces Hefty Dividend
MRF shares jumped 4% after reporting a 29% YoY increase in Q4 net profit to ₹512 crore and announcing a ₹229 per share final dividend for FY25. Revenue also rose 11% to ₹7,075 crore. This surge added over ₹6,000 per share in a day, building on a 28% gain in the past month. Meanwhile, HUDCO and CarTrade shares reportedly fell after their Q4 results. The record date for MRF's dividend is yet to be announced.
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