Mumbai, Feb. 6 -- Profit before tax (PBT) stood at Rs 424.18 crore during the December 2024 quarter, down 37.84% YoY.

Total expenses spiked 20.1% YoY to Rs 6,674.72 crore in the third quarter of FY25. Cost of material consumed stood at Rs 4,656.10 crore (up 22.83%), employee benefit expenses stood at Rs 469.27 crore (up 4.39% YoY) and finance cost was at Rs 93.65 crore (up 4.06% YoY) during the period under review.

On the margin front, the tyre manufacturer's operating margin contracted to 6% in Q3 FY25 as against 11.27% in Q3 FY24. Net profit margin reduced to 4.44% in Q3 FY25 from 8.17% in Q3 FY24.

Meanwhile, the company's board declared a second interim dividend of Rs 3 per share for FY25. The company has fixed 14 February 2025 as ...