MRF Tyres

Pune's Rugved Barguje will defend his title at the 22nd edition of the MRF MoGrip FMSCI National Supercross Championship 2023, which will kick-start here on Saturday. The first of the six rounds of the biggest off-road racing National Championship in India will be promoted by Godspeed Racing, Pune. The bikers will experience highly-technical, custom-made tracks with jumps, table tops, hoops and other obstacles, created by a team headed by Shyam Kothari, a 7-time National champion and head of Godspeed, the rights-holder. After the first round here, the Championship will travel to Vadodara, Nasik, Bengaluru, Guwahati, and Shillong is expected to host the grand finale in the picturesque north-east hill station. About 120 riders, the cream of talent from all over the country, will fight for points in eight categories, where top factory riders from Petronas TVS Racing and Hero MotoSports vie with talented privateers. With MRF Tyres as the title sponsor, the Supercross Nationals is the

Tyre maker MRF Ltd on Thursday reported a 17 per cent rise in consolidated net profit from continuing operations at Rs 174.83 crore for the third quarter ended December 31, 2022. The company had posted a consolidated net profit from continuing operations at Rs 149.39 crore in the same quarter last fiscal, MRF Ltd said in a regulatory filing. Consolidated revenue from operations during the period under review stood at Rs 5,644.55 crore, as against Rs 4,920.13 crore in the year-ago period, it added. Total expenses were higher at Rs 5,484.72 crore in the third quarter, as compared to Rs 4,787.33 crore in the corresponding period a year ago. The board of directors has declared a second interim dividend of Rs 3 per equity share (at 30 per cent) for the financial year ending March 31, 2023, MRF Ltd said. The company further said its board has also approved the re-appointment of Arun Mammen as its Managing Director with the designation "Vice Chairman & Managing Director" for a period of

Team MRF Tyres has bagged the European Rally Championship 2022 Awards here at the prestigious Federation Internationale de l'Automobile (FIA) Gala

Higher raw material prices had punctured sequential margins of major tyremakers

Going forward, the management of Ceat expects the second half of this year to be better in terms of revenue and margins because of improving domestic demand and stabilising commodity prices.

Tyre manufacturer MRF Ltd missed second-quarter profit estimates on Tuesday, as soaring input costs and supply chain issues weighed, offsetting a rise in revenue

The tyre industry is expected to perform well mainly due to easing out of pandemic, increasing demand from OEMs and replacement segment.

The company had posted a consolidated profit from continuing operations at Rs 332.15 crore in the same period of the previous fiscal, MRF Ltd said in a regulatory filing

The extent of the raw material risk is more for tyres as compared to others given the dependence on the crude oil derivatives.

Apollo Hospitals, Ashok Leyland, Bajaj Hindusthan, Divis Labs, Fortis Healthcare, Glenmark, Godrej Industries, IDFC, India Cements, Jet Airways, PFC, Shree Renuka Sugars, Star Health and Voltas to ann

Firm approves second interim dividend of Rs 3 per equity share

The company's revenue from operations was up 16% YoY to Rs 4,908 crore

The NSE Auto index seems well placed to test its all-time high; Prominent auto stocks like Tata Motors, Bajaj Auto, Hero MotoCorp and TVS Motor can gain 3.5-10 per cent

Analysts at Anand Rathi Research are positive on the outlook for the company as demand in TBRs, PCRs and two wheelers has started to pick up

Muted near term outlook given raw material costs, lower demand

The company trailed peers on the revenue front in Q4

Shares of the company were trading 2.39 per cent down at Rs 82,898 apiece on the BSE.

The company's stock, which was trading at around Rs 97,000 on Thursday morning, dropped to Rs 94,428.10 (at 12.55 p.m) after the results were announced

The monthly chart shows a strong bullish sentiment if the stock closes above 95,000 levels

JK Tyre was trading over 8 per cent higher after the company reported a strong operational performance for the September quarter.