Home Finance ‘Tyres with a muscle’, MRF posts decrease internet

‘Tyres with a muscle’, MRF posts decrease internet

Chennai, Nov 8 The corporate that makes ‘tyres with muscle’ posted a diminished revenue for Q2FY23 as elevated prices ate into it.

In a regulatory submitting MRF mentioned it closed the Q2FY23 with a internet revenue of Rs 123.99 crore (Q2FY22 Rs 183.38 crore) on an operational income of Rs 5,719 crore (Rs 4,831.65 crore).

The ‘tyres with muscle’ is among the widespread taglines of MRF tyres.

The Board of Administrators of MRF at their assembly on Tuesday declared an interim dividend of Rs 3/share for FY23 and likewise authorized the enhancement within the situation of Non-Convertible Debentures via non-public placement from Rs 100 crore to Rs 150 crore.

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