MRF recorded a 7.6% decrease in net profit for the quarter, from ₹410.7 Crore to ₹379.6 Crore, compared to the same period last year.
Bonus share issuance enables companies to utilize accumulated free reserves, boost Earnings Per Share (EPS), increase paid-up capital, and reduce reserves
The company appointed law and accounting firms to investigate suspected irregularities and confirmed no similar fraud elsewhere in its portfolio.
Check out the price of Petrol and Diesel in your city today.
The Nifty Realty index exhibited a robust performance, surging by 2.76%, while the Nifty PSU Bank index faced a notable setback, dropping by 3.66%.
Profit before tax was lower in Q4 FY2024 due to an impairment charge of ₹201.3 Crore. The quarter's R&D investment totaled ₹425.5 Crore (8.7% of revenue).
According to a regulatory filing, the company's overall sales increased by 6% to ₹3,385.61 Crore from ₹3,200.16 Crore the previous year.
For FY24, operating revenue soared by 33.8% YoY to ₹550.4 Crore, with a net profit doubling to ₹103.5 Crore. EBITDA increased by 53.3% to ₹126.8 Crore.
In early Asian trade, the U.S. dollar increased by 0.22% to 154.235 yen, continuing its 0.58% increase from Monday.
The IPO consists of an offer for sale (OFS) of up to 2.93 Crore equity shares by current investors, along with a new equity issue of up to ₹750 Crore.
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.