MRF Stock Soars 8% on Stellar Q3 Performance, Declares Dividend

• MRF Ltd. reported a strong operating performance for the December quarter, causing its stock to jump 8%.
• EBITDA grew by 68% to ₹1,399 crore, with margins expanding by 450 basis points to 17.4%.
• Revenue increased by 15% to ₹8,050.4 crore compared to the previous year.
• Profitability more than doubled to ₹691.8 crore, despite a ₹77.2 crore impact from new labour codes.
• The company declared a second interim dividend of ₹3 per share, with February 13 as the record date.