Tyre major MRF Ltd declared a final dividend of Rs 229 per share for FY25, taking the total payout to Rs 235. Q4 results showed a 31% YoY jump in net profit to Rs 498 crore and a 12% rise in revenue to Rs 6,944 crore. EBITDA rose 18%, with margins at 15%.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.