MRF Q3 net profit rises three-fold to Rs 144.56
Chennai: Tyre major MRF on posted a three-fold increase in net profits to Rs 144.56 crore for the third quarter ended June 30, 2012.
The Chennai-based company's said its net profits grew to Rs 144.56 crore from Rs 31.95 crore in the year-ago period, a growth of 352.4 percent.
Total income for the quarter stood at Rs 3,008.27 crore against Rs 2,573.06 crore, it said in a filing to the BSE.
For the nine-month period ended June 30, net profits rose 81.9 percent to Rs 407.59 crore from Rs 223.98 crore in the same period last year.
Total income grew to Rs 8,876.56 crore from Rs 7,123.38 crore during the nine-month period.
The company said its board of directors have approved an interim dividend of Rs 3 per equity share.
Shares of the company closed at Rs 10,151 apiece, up 2.05 percent over the previous close on the BSE.