India's MRF rises as quarterly profit beats view

MRF

07/05/2025 08:37

** Shares of MRF ltd MRF.NS up 3.7% at 140,000 rupees

** Tyre maker reports Q4 profit from cont ops of 4.98 billion rupees, beating analysts' estimate of  3.57 billion rupees, per data compiled by LSEG

** Rev came largely in line with estimates at 69.44 billion rupees

** MRF also declares dividend of 229 rupees per share

** Trading volume pick up post earnings announcement, currently at nearly 2x the 30-day avg

** Stock up 7% so far in 2025

 (Reporting by Nishit Navin)

 ((nishit.navin@thomsonreuters.com;))