MRF Q3 profit skids 18% to ₹279 crore1 min read . Updated: 07 Feb 2019, 04:21 PM IST
- MRF's board has recommended an interim dividend of Rs. 3 per share
- MRF stock was trading 0.24 per cent down at Rs. 59,910.05 on BSE
NEW DELHI : Tyre major MRF Thursday reported 18 per cent decline in standalone net profit at ₹279.26 crore for December quarter 2018, hit by increase in overall expenses during the period.
The company had reported a net profit of ₹340.51 crore in October-December 2017-18.
Revenue from operations however rose to ₹4,033.76 crore for the latest quarter as compared with ₹3,798.82 crore in the year-ago period, MRF said in a regulatory filing.
Total expenses in the third quarter 2018-19 increased to ₹3,750.25 crore from ₹3,331.14 crore in the same period a year ago. The company's board, which met Thursday, also recommended an interim dividend of ₹3 per share.
MRF stock was trading 0.24 per cent down at ₹59,910.05 on BSE.