MRF Limited has informed the Exchange regarding Appointment of Mr Elangovan as Other of the company w.e.f. April 01, 2025.
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MRF Limited reported audited financial results for the year ended March 31, 2025, with statutory auditors issuing an unmodified opinion. Standalone revenue from operations grew 12.1% to Rs 27,665 crore, but profit after tax declined 10.7% to Rs 1,823 crore, and operating margin compressed sharply from 11.12% to 8.34%. Consolidated revenue rose 11.9% to Rs 28,153 crore, while consolidated PAT fell 10.2% to Rs 1,869 crore. The Board recommended a final dividend of Rs 229/share (2290%), taking total FY25 dividend to Rs 235/share (2350%). The company also appointed Messrs Elangovan & Associates as Secretarial Auditors for five years from FY 2025-26, subject to shareholder approval.
Strong topline growth was offset by significant margin compression and a double-digit drop in profits, which may pressure the stock in the near term. However, the unchanged total dividend of Rs 235/share signals confidence in cash flows, and the clean audit opinion with no exceptional items is reassuring for long-term shareholders.