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.
