77 jump in net profit for MRF | business | Hindustan Times
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77 jump in net profit for MRF

Tyre manufacturer MRF today reported a 77 per cent jump in net profit for the nine month period ending June 30,2010.

business Updated: Jul 28, 2010 23:21 IST

Tyre manufacturer MRF today reported a 77 per cent jump in net profit for the nine month period ending June 30,2010.

The city-headquartered company reported a net profit of Rs 276.82 crore for the nine month period ending June 30, 2010 as against Rs 156.09 crore in the same period of last year.

However, for the quarter ending June 30, 2010 the net profit dipped to Rs 61.59 crore as against Rs 125.70 crore in the same period of last year.

Net sales for the nine month period stood at Rs 5,345.86 crore as against Rs 4,189.57 crore in the same period last year, a company press release said.

For the quarter ending June 30, 2010 net sales grew to Rs 1,924.44 crore from Rs 1,433.55 crore in the same period last year.

The Board of Directors today approved the payment of interim dividend of Rs 3 per equity share, it said.