MRF net profit falls, recommends special dividend

Chennai: Tyre major MRF Ltd on Monday said it closed last fiscal with a total income of Rs 16,128.58 crore and a net profit of Rs 1,249.06 crore. The company had closed FY20 with a total income of Rs 16,321.64 crore and a net profit of Rs 1,394.98 crore.

The company also said the Board of Directors have recommended a final dividend of Rs 94 (940 per cent) per share with a face value of Rs 10. In addition to the final dividend, the MRF Board has recommended a special dividend of Rs 50 (500 per cent) per share of Rs 10 each in connection with the 60th Annual General Meeting of the Company.

The company has already declared and paid two interim dividends of Rs 3 each (30 per cent) per share for the financial year ended 31st March, 2021.