Investors in MRF, the top-priced company in the Indian stock market, receive good news as the company announces its dividend.
Investors in MRF, the top-priced company in the Indian stock market, have something to celebrate as the company announces its latest dividend.
The Dividend Announcement
MRF has declared a dividend of Rs 194 per share, marking a significant increase from previous dividend amounts.
MRF had distributed interim dividends twice in the previous financial year, amounting to Rs 3 per share each time. However, this drew mockery on social media. The latest dividend, though, surpasses the interim dividends.
The Generous Dividend
MRF has announced a dividend of Rs 194 per share, showcasing a substantial rise from its previous dividend payouts.
In the past financial year, MRF had issued interim dividends twice, amounting to Rs 3 per share each time. However, these amounts faced ridicule on social media. The current dividend, however, surpasses these interim payouts.
Steady Revenue Growth
MRF’s total revenue for the period of January to March 2023 reached Rs 6,349 crore, demonstrating a solid 9% increase compared to the same period in the previous year.
In the concluding quarter of the last financial year, the company’s total profit stood at Rs 379.55 crore.
Company’s Revenue Growth
MRF’s total revenue for January to March 2023 reached Rs 6,349 crore, marking a 9% increase compared to the same period the previous year.
In the final quarter of the last financial year, the company’s total profit stood at Rs 379.55 crore.
