MRF Stock Soars 9% on Strong Q3 Performance, Declares Dividend

• MRF Ltd. reported a robust operating performance in the December quarter, leading to a 9.80% surge in its stock on NSE.
• EBITDA jumped 68% to ₹1,399 crore, with margins improving by 450 basis points to 17.4%.
• Quarterly revenue increased 15% to ₹8,050.4 crore compared to the previous year.
• Profit more than doubled to ₹691.8 crore, despite a ₹77.2 crore impact from a new labor code.
• The company declared a second interim dividend of ₹3 per share, with the record date set for February 13.