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HomeBusinessMRF Q3 net surges threefold to ₹508 cr. on sales

MRF Q3 net surges threefold to ₹508 cr. on sales


MRF Ltd., reported three times increase in its standalone Q3 net profit over the previous year to ₹508 crore on strong sales volume.

Revenue from operations increased by 9% to ₹6,048 crore, while cost of materials consumed contracted by ₹8 crore to ₹3,743 crore. Profit before tax also grew by three times to ₹679 crore, the tyre major said in a statement.

The board declared an interim dividend of ₹3 per share.

Shares of the company lost ₹5,436.20, or 3.82%, to close at ₹1,37,047.15 on the BSE Friday.



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